From Standard & Poor's Equity Research
Deals in the news
Agrees to be acquired by Plethico Pharmaceuticals Ltd. of India for $4.40 per share.
Agrees to be acquired by CELG for $72 per share.
GCO's chairman and CEO denies claims he defrauded UBS AG and says he will enforce GCO's agreement to be acquired by FINL. On Friday, UBS AG reportedly sued GCO and FINL and sought permission to walk away from financing the $1.5B deal.
TheStreet.com reports AT&T is close to preparing the final terms of a $29.5B buyout deal to acquire DISH. Barron's reports AT&T is trying to put together a bid for DISH before year-end.
COLEY PHARMACEUTICAL GROUP
Agrees to be acquired by PFE for $8 cash per share.
Cerberus Capital Mgmt says it is not prepared to proceed with the
DELTA AIR LINES
Seen higher on reports DAL and UAUA are in talks to combine. DAL earlier said it was reviewing strategic options, including a merger.
BOIS D'ARC ENERGY
Says after a comprehensive review of strategic alternatives, its board has concluded the best option for BDE shareholders is to continue to pursue its established and successful business plan, augmented by a repurchase of up to $100M of common shares.
Rejects $21/share takeover offer from Sun Capital Securities Group LLC, prompting Sun Capital to announce plans to make its takeover offer directly to the company's shareholders.
Agrees to be acquired by RTIX. Terms: 1.22 shares of newly issued RTIX stock per TTG share.
Agrees to be acquired by IBM for $58 cash per share.
TRANS WORLD ENTERTAINMENT
Says it received a nonbinding $5 per share buyout offer from its largest shareholder and Chairman and Chief Executive Officer Robert J. Higgins. Higgins and his related persons and entities hold about 40% of TWMC.
Agrees to be acquired by FNB. OMEF holders to receive 2.022 FNB shares for each OMEF.
RIO TINTO PLC
Rejects recent takeover offer from BHP whereby each RTP share would be exchanged for three BHP shares.
Agrees to be acquired by an affiliate of Catterton Partners for $6.70 per share in cash.
CONTANGO OIL & GAS COMPANY
Says it is reviewing a range of strategic alternatives, including the possible sale or merger of the company. Adds that it has retained Merrill Lynch & Co. to assist in the review process.