The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday May 31, 2013:
CBS Acquires TV Guide DigitalThe Deal:
CBS (NYSE:
CBS) announced Friday it acquired TV Guide Digital, including TVGuide.com and TV Guide Mobile properties. Under the terms of the deal, CBS acquired the remaining 50% stake in TV Guide Digital shares from Lionsgate (NYSE:
LGF), though CBS and Lionsgate's 50/50 partnership for TVGN cable network will continue.
CBS Corporation closed at $49.50 Friday, a loss of 1.5% on average volume.
American Realty Capital Properties to Acquire $807M GE Capital PortfolioThe Deal:
American Realty Capital Properties (NASDAQ:
ARCP) announced Friday that it has entered into an agreement to purchase GE Capital's (NYSE:
GE) $807 million portfolio of 471 net lease properties, including assets net leased to tenants who operate IHOP; Jack in the Box; Golden Corral; Burger King; Arby's; Taco Bell; Applebee's; Wendy's; Logan's Roadhouse; and Denny's. These brands comprise approximately 64% of the net operating income of the portfolio.
American Realty Capital Properties closed at $15.23 Friday, a loss of 3.5% on 4 times average volume.
Dell Files Proxy Materials in Connection with July 18 Meeting to Vote on $13.65/Share Dell/Silverlake BidThe Proxy Filing:
Dell (NASDAQ:
DELLAnheuser-Busch InBev Announces Expiration of Tender Offer for Grupo Modelo SharesThe Tender Offer Expiration:
Anheuser-Busch InBev (NYSE:
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