Markets & Finance

Bank Plus Agrees to Buyout

Posted on June 03, 2001

FBOP Corp. will buy Bank Plus (BPLS

) for $7.25 cash per share. (6/4)

Tweeter Home Entertainment (TWTR

) agreed to purchase Sound Advice (SUND

) on the basis of one Tweeter share per Sound Advice share. (6/4)

A unit of UAL Corp. (UAL

) will begin a cash tender offer for MyPoints.com (MYPT

) for $2.60 per share. (6/4)

Warburg Pincus will buy Cobalt Group (CBLT

) for about $3.50 per share. (6/4)

Regus plc (REGS

) confirmed it is in talks to buy Frontline Capital (FLCG

). (6/4)

Vivendi (V

) agreed to acquire Houghton Mifflin (HTN

) for $60 per share in cash. (6/1)

Medical Technology Stock Letter's John McCamant says Bristol Myers Squibb (BMY

) might opt to acquire ImClone Systems (IMCL

), according to Business Week's Inside Wall Street. (6/1)

Insiders say the CEO of International Game Technology (IGT

) is more amenable to a takeover, and that IBM Corp. (IBM

) and Microsoft (MSFT

) have expressed interest, according to Business Week's Inside Wall Street. (6/1)

Cantel Medical (CNTL

) will acquire Minntech Corp. (MNTX

). In the transaction, each Minntech share will receive the right to get $10.50, consisting of $6.25 in cash and the fraction of a Cantel stock having a value of $4.25. (5/31)

Bacou SA will buy all Bacou USA (BAU

) shares it does not already own for $28.50 cash per share. (5/30)

Tyco International (TYC

) agreed to acquire C.R. Bard (BCR

). Bard shareholders will receive $60 in Tyco stock for each share held, subject to adjustment. (5/30)

Lucent Technologies (LU

) and Alcatel (ALA

) confirmed that their merger talks were terminated. (5/30)

Medtronic (MDT

) will acquire MiniMed (MNMD

) for $48 cash per share. (5/30)

Deere & Co. (DE

) will acquire Richton International (RHT

) for not less than $125 million and debt assumption. (5/30)

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