The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday September 25, 2014:
Labcorp to Acquire Liposcience for $5.25/Share in Cash
The Deal:
Laboratory Corporation of America Holdings LH and LipoScience, Inc. LPDX announced Wednesday, a definitive merger agreement under which LabCorp will acquire LipoScience for $5.25 per share in cash, for a transaction value of $85.3 million. The deal is expected to close in Q4 of 2014. LipoScience, Inc. LPDX announced Wednesday, a definitive merger agreement under which LabCorp will acquire LipoScience for $5.25 per share in cash, for a transaction value of $85.3 million. The deal is expected to close in Q4 of 2014. LipoScience shares closed Thursday at $5.19, a gain of more than 62%. DIRECTV Holders Have Approved AT&T Deal The Merger Approval:
DIRECTV DTV shareholders overwhelmingly approved the proposed merger with AT&T Inc. T, with more than 99 percent of votes cast in favor of the merger agreement. That represents 77% of all outstanding shares of DIRECTV. The deal is expected to be completed in the first half of 2015. DIRECTV shares closed Thursday at $86.39, a loss of $0.42. Western Refining Logistics to Acquire Wholesale Business from Western Refining for $360M The Deal:
Western Refining, Inc. WNR and Western Refining Logistics, LP WNRL announced Thursday, that WNRL has agreed to acquire WNR's southwest wholesale business for total consideration of $360 million in cash and WNRL common partnership units. The deal is expected to close on or about October 15, 2014. Western Refining closed Thursday at $41.81, a loss of 1%. Western Refining Logistics lost 2.5%, to close at $33.46.
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DIRECTV DTV shareholders overwhelmingly approved the proposed merger with AT&T Inc. T, with more than 99 percent of votes cast in favor of the merger agreement. That represents 77% of all outstanding shares of DIRECTV. The deal is expected to be completed in the first half of 2015. DIRECTV shares closed Thursday at $86.39, a loss of $0.42. Western Refining Logistics to Acquire Wholesale Business from Western Refining for $360M The Deal:
Western Refining, Inc. WNR and Western Refining Logistics, LP WNRL announced Thursday, that WNRL has agreed to acquire WNR's southwest wholesale business for total consideration of $360 million in cash and WNRL common partnership units. The deal is expected to close on or about October 15, 2014. Western Refining closed Thursday at $41.81, a loss of 1%. Western Refining Logistics lost 2.5%, to close at $33.46.
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