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MERGERS AND ACQUISITIONS - 8/29/2010 To 9/4/2010 Pages 1 of 1

Previous Month   Last Week Next Week Next Month
DateAcquiring CompanyTarget CompanyTermsPremiumExpected Closing DateMore Information
9/2/10Pantry Inc. Presto Convenience Stores, LLC N/AN/AQ1 11The Pantry, Inc the leading independently operated convenience store chain in the southeastern U.S., announced that it has signed a definitive agreement to acquire 47 convenience stores. The Company is acquiring the stores from Presto Convenience Stores, LLC. The acquisition, which will include the real estate underlying 36 of the 47 locations, is expected to be funded with cash on hand. Forty-four of the stores are located in Kansas with three stores in Missouri. The stores operate under th
9/2/10UMB Financial Corp Reams Asset Management Company N/AN/AQ4 10Scout Investment Advisors a subsidiary of UMB Financial Corporation has signed a definitive agreement for the acquisition of substantially all of the assets of Reams Asset Management Company an investment management firm based in Columbus, Ind. The transaction is expected to close in the fourth quarter of 2010 and is expected to more than double Scout's existing assets under management.
9/2/10BANCFIRST CP Exchange Bancshares of Moore, Inc., N/AN/ADecember 15, 2010BancFirst announced that it has entered into an agreement to acquire Exchange Bancshares of Moore, Inc., and its subsidiary bank, Exchange National Bank of Moore. Exchange National Bank has about $146 million in total assets, $57 million in loans, $109 million in deposits, and $13 million in equity capital, the company said. BancFirst commented that the bank will operate under its present name until it is merged into BancFirst, which is expected to be during the second quarter of 2011 and the tr
9/2/10Hewlett-Packard Company 3PAR Inc. $2.35 BlnN/AEnd of calendar year.HP (HPQ) and 3PAR Inc. have entered into a definitive agreement under which HP will purchase 3PAR through a cash tender offer of $33 per share in cash, or an enterprise value of $2.35 billion. 3PAR also announced that it has terminated its merger agreement with Dell Inc. and paid Dell the $72 million termination fee required to be paid to Dell as a condition to terminating the merger agreement. The closing of the acquisition is expected to occur by the end of the calendar year.
9/1/10Kenexa Corp. Salary.com Inc. $80 MlnN/AQ4 10Kenexa Corporation and Salary.com, Inc announced that they have entered into an agreement for Kenexa's acquisition of Salary.com in an all cash tender offer and merger for $4.07 per share, or approximately $80 million. Kenexa, a global provider of business solutions for human resources, expects to complete the cash tender offer and close the transaction during the fourth quarter of 2010. The completion of the transaction is subject to a majority of the outstanding Salary.com shares being
9/1/10ProAssurance Corp. American Physicians Service Group Inc $32.50 Per Share in CashN/AEnd of 2010ProAssurance Corporation (PRA) and American Physicians Service Group, Inc. (AMPH) have entered into an agreement which calls for ProAssurance to acquire all the outstanding shares of American Physicians Service Group, Inc. (APS) in an all-cash transaction for $32.50 per share. The transaction is expected to close by year-end. The Board of Directors of APS has determined that the transaction is in the best interests of APS' shareholders and, thus, has unanimously approved the merger and resolv
9/1/10Pfizer Inc. FoldRx Pharmaceuticals Inc. N/AN/ALater This YearPfizer said it would buy a privately held drug discovery and clinical development company, FoldRx Pharmaceuticals Inc. FoldRx's portfolio includes clinical and pre-clinical programs for investigational compounds to treat diseases caused by protein misfolding, Pfizer said. The closing of the transaction is subject to regulatory approval in the United States and is expected to occur later this year. FoldRx has filed a marketing authorization application or MAA for tafamidis with the European Medic
9/1/10InsWeb Corp Potrero Media Corporation $12 MlnN/AQ4 10InsWeb Corp. (INSW) has executed a definitive agreement to purchase Potrero Media Corporation for $12 million consisting of approximately $6 million in cash at closing, $1.5 million in cash on the one-year anniversary of the closing, $1.5 million in InsWeb stock, subject to certain restrictions on resale, and up to $3 million in potential performance-based payments over three years. The acquisition will be immediately accretive to its financial results & is anticipated to close by fourth qua
9/1/10Walgreen Co. Assets of 18 ApothecaryRx pharmacies N/AN/AQ4'10Walgreen Co. (WAG) said Wednesday that it has reached a definitive agreement with Graymark Healthcare Inc. (GRMH) to acquire the assets of 18 ApothecaryRx pharmacies located in Colorado, Oklahoma, Minnesota, Missouri and Illinois. Graymark Healthcare operates its independent retail pharmacy business through ApothecaryRx, LLC, its wholly-owned subsidiary. The deal is expected to close in the fourth quarter of calendar year 2010
9/1/10Old Line Bancshares Inc. Maryland Bankcorp, Inc. $20 Mln In Cash & StockN/AQ1'11Old Line Bancshares, Inc. (OLBK), the parent company of Old Line Bank, said Wednesday that it has agreed to acquire Maryland Bankcorp, Inc., the parent company of Maryland Bank & Trust Company, N.A., for about $20 million, or about $30.93 per share, in cash and stock, subject to adjustment. Under the deal, Maryland Bankcorp will be merged with and into Old Line Bancshares, with Old Line Bancshares surviving the merger. Immediately after the merger, Maryland Bank & Trust will merge with and into
9/1/10TALEO CORP Learn.com $125 million N/AQ4 10Taleo Corporation (TLEO) has signed a definitive agreement to acquire strategic partner Learn.com, Inc. for approximately $125 million in cash. The Closing is expected to be completed by end of the fourth quarter of 2010.
8/31/10Posco Daewoo International Corp. US$2.83 BlnN/AN/ASteel maker POSCO (PKX), in a filing with the U.S. Securities and Exchange Commission, to buy 68.15% stake in South Korean trading and resources firm Daewoo International Corp. for KRW 3.37 trillion or about US$2.83 billion. To purchase the shares, the South Korean company has entered into a deal with Korea Asset Management Corp., the largest shareholder of Daewoo, and other creditors including the Export-Import Bank of Korea. The shares purchase agreement will be effective based on related a
8/31/10Exelon Corp John Deere Renewables its wind energy business $900 MlnN/AWithin 2010Deere & Company announced that it has signed a definitive agreement to sell John Deere Renewables, LLC, its wind energy business, to Exelon Generation Company, LLC, a wholly-owned subsidiary of Exelon Corporation. Deere said the $900 million sale, including earn-out provisions, will result in an after-tax charge of approximately $25 million in its fourth quarter results. The charge was not reflected in Deere's fourth quarter earnings forecast of approximately $375 million that was announced A
8/31/103M Co Attenti Holdings S.A. $230 Mln In CashN/AQ43M entered into a definitive agreement to acquire Attenti Holdings S.A. from an investor group led by Francisco Partners, for a purchase price of $230 million in cash. Based in Tel Aviv, Israel, Attenti is a leading supplier of remote people monitoring technologies used for a variety of offender monitoring applications, such as people awaiting trial or on probation; and to assist eldercare facilities in monitoring and enhancing the safety of patients. "This acquisition will position our trac
8/31/10Stonegate Bank Southwest Capital Bank $9.4 MlnN/AN/AStonegate Bank (SGBK) and Southwest Capital Bancshares, Inc. signed a definitive merger agreement pursuant to which Stonegate Bank will acquire Southwest Capital Bank, NA, in Fort Myers in an all stock transaction valued at approximately $9.4 million. Under the terms of the agreement, shareholders of Southwest Capital Bancshares, Inc. will be entitled to receive between 0.21 to 0.26 shares of Stonegate Bank stock for each Southwest Capital share prior to closing of the transaction.
8/31/10Ladybug Resource Group, Inc. Men's Medical Corporation N/AN/AN/ALadyBug Resource Group Inc. has signed an Agreement to acquire 100% of Men's Medical Corporation. Terms of the agreement include changing LadyBug's corporate name to Men's Medical Group Inc. and the completion and delivery of Men's Medical Corporation's audited financial statements on or before September 30, 2010, the target closing date. At the closing LadyBug shall own 100% of Men's Medical Corporation and its assets including the license rights. LadyBug plans to spin off its two subsidiaries,
8/30/10Intel Corp. Infineon's Wireless Solutions Business $1.4 Bln In CashN/AQ1 11Infineon Technologies AG and Intel Corporation have entered into a definitive agreement to transfer Infineon's Wireless Solutions (WLS) business to Intel in a cash transaction valued at approximately $1.4 billion. WLS, a leading provider of cellular platforms to top tier global phone makers, will operate as a standalone business serving its existing customers. WLS will also contribute to Intel's strategy to make connected computing ubiquitous from smartphones to laptops to embedded computing
8/30/103M Co Cogent Inc. $943 MlnN/AQ4 103M and Cogent Inc announcedthat they have entered into a definitive agreement for 3M's acquisition of Cogent Inc. for $10.50 per share. The proposed transaction has an aggregate value of approximately $943 million, or approximately $430 million net of cash acquired. The Board of Directors of Cogent Systems has unanimously recommended that the shareholders of Cogent Systems accept the offer and Mr. Ming Hsieh, Cogent Systems' founder and CEO, and certain entities affiliated with him have agre
8/30/10GRUBB & ELLIS CO Nine multifamily properties $182 MlnN/AN/AGrubb & Ellis Apartment REIT, Inc has entered into definitive agreements to acquire nine multifamily properties from affiliates of MR Holdings, LLC and substantially all of the assets of Mission Residential Management, LLC, the Mission Residential property management business for $182 million. The transactions will be immediately accretive to our bottom line earnings, increasing funds from operations and coverage of our investor dividend."
8/30/10CA, Inc. Arcot Systems Inc. $200 Mln In CashN/AQ2'11CA Technologies said it would buy privately-held Arcot Systems Inc. in an all-cash transaction valued at $200 Mln. CA Technologies added that the acquisition of Arcot adds visionary technology for fraud prevention and advanced authentication to CA Technologies leading Identity and Access Management or IAM offerings. By combining Arcot's technology with CA Technologies CA SiteMinder portfolio, the company would provide advanced capabilities to help customers further reduce risk, support regulator
8/30/10Charles Schwab Windward Investment Management Inc. $150 Mln In CashN/AQ4'10Charles Schwab Corp. said it would buy Windward Investment Management Inc., for $150 Mln in stock and cash. Headquartered in Boston, Windward Investment Management is an investment advisory firm that manages $3.9 Bln at July 31, 2010 in three broadly diversified investment portfolios comprised primarily of ETF securities. At current assets under management levels, Schwab anticipates that the acquisition will be modestly accretive to earnings per share in the first 12 months post-closing, though
 



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