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MGIC Investment agrees to acquire Radian Group, and more deals in the news
From Standard & Poor's Equity Research
Deals in the news
GXP to buy: $1.80 plus 0.0856 GXP = ILA.
Says General Atlantic withdrew as equity sponsor of $36/share buyout bid.
EQUITY OFFICE PROPERTIES
VNO cancels its bid for EOP, clearing the way for EOP shareholders to approve The Blackstone Group's $55.50/share offer.
Caritor to buy: $14.30 = KEA.
Golden Gate Capital to buy: $14 = WLC.
MTG to buy: 0.9658 MTG = RDN... New co. to be called MGIC Radian Financial Group Inc.
EQUITY OFFICE PR
The Blackstone Group ups its takeover bid for EOP to $55.50/share in cash. (02/05/07-55) VNO revises its bid for EOP, proposes to buy up to 55% of EOP for $56/share in cash, then buy rest of EOP via stock-swap.
Agrees to merger of equals with UCO: 0.325 share of merged co. = HC share.
Receives buyout bid from Whitney V L.P., its affiliates valued at $38 per share.
INVESTORS FINL S
STT to buy: 0.906 STT share = 1 IFIN shr.
America Real Estate Partners L.P., an affiliate of Carl C. Icahn, offers to buy all of LEA for $36 per share in cash.
BAM to to buy: $24.75 = LFB.
SPG, Farallon Capital Mgmt LLC offer to buy for $24/share in cash, topping MLS's existing deal to be bought for $21/share by Brookfield Asset Management Inc.
The Nielson Co. offers to buy the roughly 40% of NTRT it doesn't own for $21/share.
Affiliates of CCMP Capital Advisors, GS Capital Partners to buy: $50.25 = TRI.
Agrees to merger of equals with HC: 1.0 share of merged co. = UCO.
Steel Partners raises $12/share takeover bid to $13.35.
EQUITY OFFICE PR
Says its board voted to reaffirm its support for $54/share takeover bid from The Blackstone Group, despite higher competing bid from VNO. (02/01/07-55) VNO submits new buyout offer for EOP of $31 in cash, $25 in stock per EOP share.
BFF to buy: 2.27 BFF = LEV.
Forms committee to explore alternatives, including possible sale of co.
Accepts $43.50/share acquisition bid from Building Materials Corp. of America... Plans to cancel pact with Carlyle Group.
To merge with BOW: ABY holders to receive 0.06261 share of new co. per ABY share... New co. to be called AbitibiBowater Inc.
SYMC to buy: $33 = ATRS.
To merge with ABY: BOW holders to receive 0.52 share of new co. per BOW share... New co. to be called AbitibiBowater Inc.
Co., SNY reportedly in merger deal.
Group including EEEE sr. mgmt, affiliates of Sterling Capital Partners, Citigroup Private Equity to buy: 8.00 = EEEE.
FIRST REPUBLIC B
MER to buy: $55 in cash, stock = FRC.
Investor group including LAUR CEO Douglas Becker, Kohlberg Kravis, Citigroup, others to buy: $60.50 = LAUR.
MDZ to buy: $35.50 = MDCC.
Co., BMY reportedly in friendly merger deal.
The Carlyle Group to buy: $5.76 = SYGR.
Seen higher on reports of renewed talk that BOBJ may be taken over by ORCL.
GCBS to buy: 0.2674 GCBS or $10.25 = CVBG.
Says it in talks with various parties that could lead to potential sale of co.
WSJ reports the Chandlers could mount proxy fight for add'l seats on TRB board if board doesn't pursue deal to family's liking.
Hires Sandler O'Neill & Partners L.P. to help it review its strategic options, including remaining independent.
EQUITY OFFICE PR
Blackstone Group sweetens its acquisition offer to $54/share from $48.50/share.
NY Post reports interim CEO Robert Fisher is assuring employees co. not for sale.
MIDWEST AIR GRP
Rejects AAI's $13.25/share takeover bid.
21ST CENTURY INS
Shareholder AIG offers to fully acquire co. for $19.75 per share.
Rejects $16/share takeover offer received from group led by John J. McDonnell Jr.