From Standard & Poor's Equity Research
Deals in the news
In SEC filing, Mario Gabelli says his firm will vote against the Dolan family's $10.6B proposal to take CVC private.
GENZYME CORP.-GENERAL DIVISION
Seen higher, in part, due to speculation that it could be a takeover target after rival BIIB said it had put itself up for sale. BIIB also released positive data for its multiple sclerosis drug.
Puts itself up for sale, and says it has received expressions of interest, including one from investor Carl Icahn.
Agrees to be acquired by DHR for $38 cash per share.
Hearst Corp. says it's $23.50/share offer for the roughly 27% of HTV shares outstanding that it does not own expired.
Says it has received a $17-per-share cash takeover bid from ORCL, which its board believes significantly undervalues BEAS.
CHILDREN'S PLACE RETAIL STORES
Fortune Magazine reports PLCE has put itself up for sale.
ABN AMRO HOLDING N.V.
Royal Bank of Scotland and its partners, Fortis NV and Banco Santander SA, declared victory in the takeover battle for ABN.
MONARCH COMMUNITY BANCORP
Says its proposed going-private deal failed to receive the required number of shareholder votes for approval.
Agrees to be acquired by NEWMONT MINING CORP. in deal valued at about C$1.5B. Terms: MNG holders to get C$6.25 per share.
On 10/8, UIC agreed be acquired by TEXTRON INC. for approximately $1.1 billion or $81 per share.
On 10/8, NGPS agreed to be acquired by Hexagon AB for $50 per share.
SAIFUN SEMICONDUCTORS LTD.
On 10/8 SFUN agreed to be acquired by SPSN. Terms: 0.7429 SPSN share and about $5.05 per share in cash for each SFUN share.
BUSINESS OBJECTS S.A.
On 10/07/08 SAP AG to buy BOBJ for EUR 42.00 per ordinary share and for American Depositary Shares (ADS) at the US$ equivalent based on the EUR/US$ exchange rate as of the settlement of the tender offers.
TRUMP ENTERTAINMENT RESORTS
Cordish Co., a Baltimore developer, is eyeing TRMP, three people familiar with the talks said: Star-Ledger.
ABN AMRO HOLDING N.V.
BCS's acquisition bid for ABN expired, leaving only a consortium led by Royal Bank of Scotland in the race to buy the Dutch bank.
Says its board will seek offers for PDLI or for key assets.
Agrees to be acquired for $16 per share by private equity firm Vector Capital.
Agrees to be acquired by TD. CBH holders to receive 0.4142 TD shares and $10.50 in cash for each CBH share held.
Agrees to be acquired by PKI at $7.25 per share.
J.C. Flowers & Co. and partners JPM, BAC and Friedman Fleischer and Lowe revise their SLM buyout proposal, offering to pay $50 a share in cash, plus warrants that could result in an extra payout of $7 to $10 per share.
VELCRO INDUSTRIES N.V.
Commences cash tender offer to buy all of its common shares outstanding at $21 per share. Notes offer will expire Nov. 5.
Agrees to be acquired by NOKIA CORP. for $78 cash per share.
Says Axio Holding LLC, which is controlled by Silver Lake and ValueAct Partners, called off its proposed purchase of ACXM and agreed to pay ACXM a $65M termination fee.
FURNITURE BRANDS INTERNATIONAL
In SEC filing, says FBN was approached by Samson Holding Ltd. in July about a possible business combination, but FBN declined to pursue the proposal. Samson Chairman Shan Huei Kuo has the power to vote shares held by Samson and other entities that account for about 15% of FBN's stock outstanding, according to the SEC filing.