Kohlberg Kravis Roberts will buy First Data, and more deal news
From Standard & Poor's Equity Research
Deals in the news
Koosharem Corp. to buy: $11 = AIH.
Roche Holdings to buy: $21.50 = BIOV.
RIO NARCEA GOLD
LMC to buy: C$5 = RNO.
Postpones special shareholder meeting set for today to vote on merger pact with BOT so that it can review offer from ICE.
EN, Acciona SA, EON reach agreement that would give EN, Acciona shared control of ELE, transfer some of its current assets to EON... EON drops its bid for ELE.
Inland American Real Estate Trust Inc. to buy: $15 = WXH.
Kohlberg Kravis Roberts to buy: $34 = FDC.
GLOBAL IMAGING S
XRX to buy: $29 = GISX.
MIDWEST AIR GROU
AAI raises takeover bid to $15 per share; $9 in cash, 0.5842 of AAI share = MEH.
Accepts buyout offer of $34 per share from real estate investor Sam Zell.
Says its chairman, interim CEO proposed to buy 42.65% of co.'s capital stock at 56 pesos per Ser. B share, 560 pesos/ADS.
Whitney V LP withdraws its $38/share bid for HLF after HLF board rejects the bid.
Group led by David Bergstein to buy: $4.40 = DISK.
WSJ reports TRB received last-minute bid from California businessman Ron Burkle, Eli Broad of $34 per share, topping Sam Zell's proposal by $1 per share.
TRUE RELIGION AP
Seen higher on management buyout rumors.
Unconfirmed report says there is interest from U.S. private equity firm to buy BCE.
LONE STAR TECHNOLOGIES
U.S. STEEL to buy: $67.50 = LSS.
Mutually agrees to terminate merger pact with INTU valued at $18.75/ECHO share.
BEC to buy: $85 = BSTE.
WSJ reports a faction within CITIGROUP is pushing its CEO to make a bid for ABN.
BEL FUSE INC'A'
TNL offers to buy for $40.30 per share.
Hellman & Friedman LLC to buy: $55 = KRON.
AVY to buy: $30.50 = PXR.
SMITHWAY MOTOR X
Western Express Inc. to buy: $10.63 = SMXC.
Management, investor group including One Equity Partners to buy: $48.50 = VTRU.
Amends pact whereby it would be acquired by funds advised by Apax Partners, Morgan Stanley Principal Investments to increase consideration to $41.50/share frm $40... Says it has received competing proposals.
ORIENT EXPRESS H
London Times reports OEH may be sold for $3B+ after having been approached by number of potential buyers.
Delays 4/4/07 shareholder vote on planned BOT/CME merger to give BOT time to review competing bid from ICE made last week.
Says Apollo Management LP has expressed interest in buying EAGL for $40/share.
ACS Chairman Darwin Deason, investment fund Cerberus Capital Mgmt proposed to buy ACS for $59.25 per share in cash.
Co., BCS confirm they're in merger talks.
WWD reports Apollo Mgmt LP is believed to be the only private equity firm left in the bidding for CLE.
Integra Telecom to buy: $30 = ESCH.
Seen higher on unconfirmed report about potential buyout of PALM.
ABN AMRO HOLDING
Financial Times reports BCS has made tentative takeover approach to ABN.
Group led by CEO James R. Crane to take EAGL private: $38 = EAGL.
C-BASS, MTG, RDN reduce their purchase price for FICC to $4.00 per share.
WWD reports FL preparing takeover bid for GCO in $44 to $46 per share range.
PWR to buy: 1.223 PWR = IFS.
Group led by Clayton, Dubilier & Rice to buy: $15.625 = SVM.
Says it weighing potential sale of co., other options.
HERO to buy: 0.979 HERO plus $16 = THE.
CYH to buy: $54 = TRI.
Agrees to merge with Esmark Inc., form co. called Esmark Inc. (New Esmark)... WPSC holders to get 1 New Esmark share, plus purchase/put rights per WPSC share.