Markets & Finance

FTC Votes Against Cytyc's Plan to Acquire Digene


Hollywood Casino (HWD) says it has been exploring with Goldman Sachs strategic alternatives to maximize shareholder value, including a potential sale of the company. (6/28)

Serono S.A. (SRA) agrees to buy Genset ADR (GENXY). GENXY holders to get 9.75 euros per share, 3.25 euros per ADR, 102.64 euros per conv. bond. (6/26)

General Dynamics (GD), Raytheon (RTN), and Britain's BAE Systems PLC have reportedly placed bids for TRW's (TRW) military assets. The two TRW business units being sold could fetch as much as $6.5 billion, according to the Wall Street Journal. In turn, Northrop Grumman (NOC) may raise its $6.7 billion bid ($53 per share) for all of TRW. (6/25)

Cytyc (CYTC) says the FTC voted to block CYTC's proposed acquisition of Digene (DIGE). (6/25)

Magna International (MGA) agrees to buy Donnelly (DON). Terms: DON holders to get MGA Cl. A sub. voting shares with a value of $28 per DON share. (6/25)

Applied Extrusion Technologies (AETC) says it received unsolicited expressions of interest to acquire the company. (6/25)

AT&T (T) arranges for the purchase of all AT&T Canada (ATTC) shares it doesn't already own to satisfy a merger pact dating back to 1999. (6/25)

Birner Dental (BDMS) says it rejected an unsolicited takeover bid of $12/share. (6/25)

BP Capital submits an acquisition bid for Penn Virginia (PVA) of $40 per share. PVA's board will evaluate the bid to determine PVA's best interests. (6/25)

Petroleum Geo-Services (PGO) agrees to further cut the purchase price it seeks from Veritas DGC. PGS holders to now get 0.38 shars in a new holding companhy (55% stake), vs. the initial terms of 0.47 shares. (6/24)

Liberty Media (L) agrees to acquire Wink Communications (WINK) for $3 per share. (6/24)

Morton's Restaurant Group (MRG) agrees to be acquired by Carl Icahn at $15 per share. This gives Castle Harlan five business days to improve its latest rival bid of $13.50 per share. (6/21)

Nortek (NTK) accepts revised $46 cash per share acquisition proposal from Kelso & Co. (6/21)


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