From Standard & Poor's Equity Research
Deals in the news
Agrees to be acquired by BravoSolution for $2.56 per share.
Agrees to be acquired by OMTR for $2.39 cash per VSCN share and a fixed exchange ratio of 0.49 OMTR share per VSCN share.
In a letter to BEAS, ORCL says BEAS's counterproposal of $21 per share is "an impossibly high price for ORCL or any other potential acquirer." ORCL urges BEAS to put ORCL's $17/share acquisition proposal to the shareholders for a vote.
MERRILL LYNCH & CO.
The New York Times reports that MER chairman, CEO E. Stanley O'Neal floated the idea of a merger with a large bank, a foray that angered MER's board and could cost him his job, according to people close to the beleaguered Wall Street firm.
Agrees to be acquired for $30 per share by a consortium of long-term infrastructure investors, led by Macquarie Infrastructure partners, the Canada Pension Plan Investment Board and British Columbia Investment Mgmt Corp.
Says it did not receive enough votes from its shareholders to approve a $36.26-per-share buyout offer from the Dolan family.
NATIONAL HEALTH INVESTORS
Says a special committee of its board has ended talks with third parties for a possible sale of NHI. NHI also says it has terminated the engagement of The Blackstone Group LP as its financial advisor, and dissolved the special committee.
WASTE INDUSTRIES USA
Says it received a proposal from an investor group led by Chairman Lonnie C. Poole Jr. and CEO Jim Perry to take WWIN private for $36.75 per share. The group also includes Macquarie Infrastructure Partners and GS. Perry and Poole have agreed to oppose any other proposal to acquire the company.
HARMAN INTERNATIONAL INDUSTRIES
Enters into agreement with Kohlberg Kravis Roberts & Co. and GOLDMAN SACHS GROUP INC. whereby KKR and GS will cancel their $8 billion takeover of HAR, but invest $400M in convertible notes that HAR will use for a stock buyback. In addition, KR and GS will not be sued and will not have to pay a termination fee.
Agrees to be acquired by Hellman & Friedman LLC for $25.60 per share.
RADIATION THERAPY SERVICES
Agrees to be acquired by Vestar Capital Partners for $32.50 per share plus assumed debt.
Major shareholder ClearBridge Advisors says it will vote against the Dolan family's $36.26/share buyout offer. Earlier, the Dolans said they would not raise their bid for CVC.
Agrees to be acquired by Munich Re for $65 per share.
Agrees to be acquired by The Doctors Company for $28 per share in cash.
QUINTANA MARITIME LTD.
Says it's evaluating alternatives in order to enhance shareholder value. Has retained Citi and Dahlman Rose to advise it during its deliberations.
The Street.com reports that AT&T INC. has hired Goldman Sachs to advise T on the possible purchase of DISH.
Women's Wear Daily reports SKS might be getting ready to put itself up for sale.
PINNACLE GAS RESOURCES
Agrees to be acquired by QUEST RESOURCES. Terms 0.6584 of a QRCP share per PINN share.0