The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 22, 2012:
Juniper Networks Announces Acquisition of Mykonos Software
The Deal:
Juniper Networks JNPR, the industry leader in network innovation, announced Wednesday it has acquired Mykonos Software, the leading provider of Intrusion Deception Systems that protect websites and web applications. This acquisition allows Juniper to extend its security portfolio with the only intrusion deception system in the industry capable of detecting an attacker before an attack is in progress. Under the terms of the agreement, Juniper acquired Mykonos Software for a cash purchase price of approximately $80 million. The transaction closed on February 13, 2012. Juniper Networks closed at $23.78 Wednesday, a gain of 0.04% on 67% of the average daily volume. Bunge to Acquire Climate Change Capital The Deal:
Bunge Limited BG and Climate Change Capital Limited announced Wednesday that Bunge has agreed to acquire Climate Change Capital Group. The transaction was approved by the U.K.'s Financial Services Authority on February 20, 2012, and CCCG has obtained the required shareholder approvals to proceed. The transaction is expected to close in the coming weeks; financial terms will not be disclosed. Bunge closed at $67.07 Wednesday, a gain of 0.01% for the day on average volume. Drew Industries Acquires RV Entry Door Business The Deal:
Drew Industries DW reported Wednesday that its wholly-owned subsidiary, Lippert Components, acquired the business and certain assets of the United States RV entry door operation of Euramax International. The acquired business has annualized sales of approximately $6 million, and the purchase price was $1.7 million, of which $1.2 million was paid at closing, with the balance to be paid over the next three years. Drew expects the acquisition to be immediately accretive to earnings. Drew Industries closed at $28.67 Wednesday, a loss of 1.58% for the day on just 38,000 shares. Davenport Says Walter Energy a Takeover Target The Rumor:
Walter Energy WLT is once again a takeover target, according to a note released by Davenport. The usual potential buyers: BHP Billiton BHP, Rio Tinto RIO and Arcelor Mittal MT were mentioned, with a buyout price of up to $125 per share. Spokespersons for Walter Energy and BHP would not comment on the report. Representatives of Rio Tinto and Arcelor Mittal were not available. Walter Energy closed at $65.28 Wednesday, a loss of 2.04% for the day on 1.2 times the average daily volume. Hearing Private Equity Chatter in K12 The Rumor:
According to sources, K12 LRN has received interest from private equity for a possible takeover. A K12 spokesperson would not comment on the rumor. K12 closed at $21.60 Wednesday, a gain of 0.37% for the day on 65% of the average daily volume.
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Bunge Limited BG and Climate Change Capital Limited announced Wednesday that Bunge has agreed to acquire Climate Change Capital Group. The transaction was approved by the U.K.'s Financial Services Authority on February 20, 2012, and CCCG has obtained the required shareholder approvals to proceed. The transaction is expected to close in the coming weeks; financial terms will not be disclosed. Bunge closed at $67.07 Wednesday, a gain of 0.01% for the day on average volume. Drew Industries Acquires RV Entry Door Business The Deal:
Drew Industries DW reported Wednesday that its wholly-owned subsidiary, Lippert Components, acquired the business and certain assets of the United States RV entry door operation of Euramax International. The acquired business has annualized sales of approximately $6 million, and the purchase price was $1.7 million, of which $1.2 million was paid at closing, with the balance to be paid over the next three years. Drew expects the acquisition to be immediately accretive to earnings. Drew Industries closed at $28.67 Wednesday, a loss of 1.58% for the day on just 38,000 shares. Davenport Says Walter Energy a Takeover Target The Rumor:
Walter Energy WLT is once again a takeover target, according to a note released by Davenport. The usual potential buyers: BHP Billiton BHP, Rio Tinto RIO and Arcelor Mittal MT were mentioned, with a buyout price of up to $125 per share. Spokespersons for Walter Energy and BHP would not comment on the report. Representatives of Rio Tinto and Arcelor Mittal were not available. Walter Energy closed at $65.28 Wednesday, a loss of 2.04% for the day on 1.2 times the average daily volume. Hearing Private Equity Chatter in K12 The Rumor:
According to sources, K12 LRN has received interest from private equity for a possible takeover. A K12 spokesperson would not comment on the rumor. K12 closed at $21.60 Wednesday, a gain of 0.37% for the day on 65% of the average daily volume.
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