Markets & Finance

ITT Agrees to Acquire EDO


From Standard & Poor's Equity Research

Deals in the news

Company

Symbol

Date

Price

Comment

LEAP WIRELESS INTERNATIONAL, INC.

LEAP

9/17/2007

74

LEAP says unsolicited proposal from PCS not in best interests of LEAP and its shareholders. PCS had offered 2.75 PCS shares for each LEAP share.

BUSINESS OBJECTS S.A.

BOBJ

9/17/2007

45

French paper Le Figaro reportedly said BOBJ is up for sale, will retain GOLDMAN SACHS as an adviser.

EDO CORPORATION

EDO

9/17/2007

55

ITT to buy EDO for $56 a share in cash.

UNITED RENTALS, INC.

URI

9/14/2007

31

Sets Oct. 19 shareholder meeting to vote on its proposed takeover by private equity fund Cerberus Capital Management LP.

ACCREDITED HOME LENDERS HOLDING CO.

LEND

9/13/2007

10.8

Lone Star Funds says it extended its tender offer for all LEND shares outstanding by two days until Sept. 14.

U.S. XPRESS ENTERPRISES, INC.

XPRSA

9/11/2007

19

Management-led buyout group New Mountain Lake Acquisition Co. plans within one week to launch its tender offer for all XPRSA shares outstanding at a proposed price of $20.10 per share, up from the $20 per share the group had previously offered.

GREAT LAKES BANCORP, INC.

GLK

9/10/2007

13

FNFG to buy. GLK holders to get $14, or 0.993 FNFG shares, or a combination of both cash and stock for each GLK share held.

KMG AMERICA CORP.

KMA

9/10/2007

6

HUM to buy for $6.20 per share.

MERIDIAN GOLD INC.

MDG

9/7/2007

29

Says third parties will not make a bid for MDG. Urges shareholders to continue to reject hostile takeover bid by AUY.

RIO TINTO PLC

RTP

9/6/2007

299

Seen higher on speculation that RIO and BHP will team up to make a takeover bid for RTP.

ALABAMA NATIONAL BANCORPORATION

ALAB

9/6/2007

77

RBC Centura Banks Inc. unit of RY to buy for $80 per share, payable in cash, stock, or a combination of cash and stock.

MARKWEST HYDROCARBON, INC.

MWP

9/6/2007

59

Agrees to be acquired by MWE for about $61.12 per share, payable in cash and units of MWE.

APPLIX, INC.

APLX

9/5/2007

18

COGN to buy for $17.87 per share.

RADIAN GROUP INC.

RDN

9/5/2007

20

Terminates merger pact with MTG.

LEAP WIRELESS INTERNATIONAL, INC.

LEAP

9/5/2007

83

PCS offers to acquire at 2.75 PCS shares per LEAP share.

GENESCO INC.

GCO

9/5/2007

44

FINL says it is evaluating its options with regard to its pending $1.5B acquisition of GCO following the release of what it calls "disappointing" Q2 financial results by GCO.


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