First Indiana agrees to be acquired by Marshall & Ilsley, and more deal news
From Standard & Poor's Equity Research
Deals in the news
Barron's reports FDX could become target for private equity buyers because of its modest valuation, turnaround potential.
FIRST INDIANA CO
MI to buy: $32 = FINB.
The Carlyle Group to buy: $175 = SQA.A, SQA.B.
Urges holders to reject takeover bid from Upper Deck valued at $10.75 per share.
AA says US antitrust investigators have requested more information about AA's hostile bid for AL; U.K. Daily Telegraph, citing sources, reports RTP might make competing bid for AL, or possibly for AA.
BAUSCH & LOMB
EYE offers $45 cash, $30 in EYE stock per BOL share.
CME, BOT revise terms of merger pact, up exchange ratio from 0.350 to 0.375 CME share per BOT share... CME says pact now supported by Caledonia Investments Pty. Ltd., BOT's largest shareholder.
VIP reportedly in talks to buy stake in GLDN.
Says $27.25/share bid from Apollo Mgmt's Hedxion Specialty Chemicals Inc. superior to previously accepted deal with Basell.
WSO to buy: $6.75 = BRR.
F&H Acquisition Corp. to buy: $5.60 = CMPP.
BX to buy: $47.50 = HLT.
Hexion Specialty Chemicals Inc. to buy: $27.25 = HUN.
Says AUY's unsolicited acquisition proposal does not provide basis to enter into merger talks.
FIRST MUTUAL BAN
WFSL to buy: $27.05 in cash or stock = FMSB.
Trian Fund Management, owned by investor Nelson Peltz, says its TRY would be a "natural, strategic buyer" for WEN; Trian ups its stake in WEN to 9.8% from 8.4%.
Group led by Teachers Private Capital, Providence Equity, Madison Dearborn to buy for $48.5B, incl. $15.9B of debt, preferred equity, minority interests.
AT&T to buy: $13 = DCEL.
ECI TELECOM LTD
Affiliates of Swarth Group, certain funds to buy: $10 = ECIL.
The Carlyle Group to buy: $67 = HCR.
CNSL to buy: $25 or 1.1061947 CNSL = NPSI.
WAG to buy: $19.50 = OPTN.
REDDY ICE HLDG
Funds managed by GSO Capital Partners LP to buy: $31.25 = FRZ.
Says none of indications of interest it received for acquisition of co. likely to lead to deal in best interests of co., holders.
Confirms it received takeover proposal, has initiated review of its alternatives.
WDC to buy: $32.25 = KOMG.
Hires Lehman to help review strategic alternatives.
Says AUY, NTO plan to offer to acquire 100% of MDG but have made no formal bid.
CTV to buy for $15 in cash, stock or combination of both per ANDW share.
PBCT to buy: about $37 = CHZ.
DOW JONES & CO
Is reportedly close to deal with NWS on takeover after terms reached to protect editorial integrity of its publications.
FIS to buy: $36.50 = EFD.
Affiliates of Bain Capital Partners to buy: $63 = GTRC.
WSPI to buy: 0.6875 WSPI or $6.5233 = WWWW.
DOW JONES & CO
WSJ reports DJ, NWS are on the brink of agreeing to editorial protections for DJ, which could pave way for sale of DJ.
Iberdrola S.A. to buy: $28.50 = EAS.
Upper Deck launches $10.75/share tender offer, exceeding offer TOPP accepted in March of $9.75/share made by Tornante Co. LLC, Madison Dearborn Partners LLC.
RHHBY makes $75/share cash takeover bid; VMSI board expects to make recommendation to shareholders within 10 business days on whether or not to accept bid.
AMER FIRST APTMT
Sentinel Omaha LLC to buy: $25.30 = APRO.
WSJ reports DCEL considering strategic options, including sale of co.
Shares seen higher on unconfirmed takeover speculation.
Newswire reports M shares higher on unconfirmed rumor that M received buyout offer of $52 per share from KKR, GS Capital Partners, Providence.
SHJ to buy: $56 = TONS.
Harbinger Capital Partners Master Fund I, Ltd., Harbinger Capital Partners Special Situations Fund L.P. allow their tender offer for OPWV shares to expire.
DOW JONES & CO
GE says it not pursuing joint bid with PSO for DJ; MySpace founder Brad Greenspan offers $60/share for about 25% stake in DJ; DJ says its board will take over talks regarding NEWS CORP. bids.
LUX to buy: $29.30 = OO.
Investor group led by Madison Dearborn Partners to buy: $65 = JNC.
PHG to buy: $34 = CLRK.