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NBC Plans to Buy Cablevision's Bravo Channel


General Electric's (GE) NBC network plans to buy the Bravo entertainment channel from Cablevision (CVC) for about $1.25 billion in stock and cash, according to the Wall Street Journal. Under terms of the deal, NBC is planning to swap most or all of its stake in Cablevision's Rainbow Media Holdings that owns Bravo for full ownership of the Bravo channel. Metro-Goldwyn-Mayer (MGM), which owns 20% of Rainbow, will get $250 million from the sale. (11/4)

Osmonics (OSM) agreed to be acquired by General Electric's (GE) GE Power Systems. Terms: $17.00 of GE stock or $17.00 cash for each OSM share. (11/4))

Primedia (PRM) agreed to sell its American Baby magazine group to Meredith (MDP) for $115 million, according to the Wall Street Journal. (11/4)

eBenX (EBNX) agreed to be acquired by SHPS Inc. Terms of the deal call for eBenX holders to receive $4.85 cash per share. (11/4))

SafeNet (SFNT) agrees to buy Cylink (CYLK) for 0.05 SFNT share for each CYLK share. (10/31))

ARV Assisted Living (SRS) receives expressions of interest from two potential bidders other than Prometheus. (10/29)

Equity One (EQY) agrees to buy IRT Property (IRT) for either $12.15 cash or 0.9 EQY share or a combination thereof for each IRT share. (10/29))

Bright Now! Dental Inc. and its investor group agrees to buy Monarch Dental (MDDS) for $5 cash per share. (10/29)


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