Burlington Resources To Acquire Hunter Exploration

Clear Channel Communications buys Ackerley Group, and other merger news

Natural gas company Burlington Resources (BR ) says it will acquire Canada's Hunter Exploration Ltd. (HTR ) for $2.1 billion, or C$53 cash per share. (10/9)

Radio broadcaster Clear Channel Communications (CCU ) says it will acquire outdoor media and broadcasting company Ackerley Group (AK ) in a stock deal worth about $495 million. Terms: 0.35 CCU share per AK share. (10/8)

Northrop Grumman (NOC ) and Newport News Shipbuilding (NNS ) will begin merger discussions this week that would currently value NNS at $72.67/share. This bid would exceed General Dynamics' (GD ) bid for $2.1 billion in cash or $67.50 per share. (10/8)

AT&T Wireless Services (AWE ) says it has agreed to acquire the 77% of TeleCorp PCS (TLCP ) it does not already own for $2.4 billion, and assume $2.1 billion in debt, to beef up its coverage in the South and Midwest. (10/8)

Capital Bank (CBKN ) says it will buy North Carolina bank First Community Financial (FCFN ) in a cash and stock deal worth about $54 million. Terms: $31.12 cash, stock per FCFN/share. (10/5)

Amtran Inc (AMTR ), parent of U.S. airline American Trans Air, says it is ending plans to buy back all of the company's stock after its banks cancelled financing arrangements. (10/5)

Tyco International (TYC ) says it offered to buy the rest of the shares it does not already own of fiber optic cable company TyCom (TCM ) for $784 million in stock. Terms: 0.2997 TYC share per TCM share. (10/4)

Aegis Realty (AER ) hires Robertson Stephens as an advisor to pursue a potential sale. (10/4)

Ohio bank company National Bancshares (NBOH ) says it will acquire Peoples Financial (PFFC ) for about $15.2 million, or $12.25 cash/share. (10/2)

Investor group Lincoln Co. says it has withdrawn a $135 million takeover bid ($4.50 per share) for men's clothing maker Hartmarx Corp. (HMX ) because HMX's board would not negotiate. (10/2)

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