The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday September 17, 2012:
BGI-Shenzhen to Acquire Complete Genomics for $3.15/Share in Cash
The Deal:
Complete Genomics GNOM and BGI-Shenzhen announced Monday that they have entered into a definitive merger agreement. Under the agreement, a wholly-owned U.S. subsidiary of BGI will launch a tender offer to purchase all outstanding shares of common stock of Complete Genomics for $3.15 per share in cash. That represents approximately a 54% premium to the $2.04 closing price per share of Complete Genomics common stock on June 4, 2012. Complete Genomics closed at $3.02 Monday, a gain of 13.11% on 5 times average volume. Danaher Corporation to Acquire IRIS International for $19.50/Share The Deal:
Danaher Corporation DHR announced Monday that it has entered into a definitive merger agreement to acquire all of the outstanding shares of common stock of IRIS International IRIS at a purchase price of $19.50 per share or $338 million. The transaction is expected to close during the fourth quarter of 2012. IRIS International closed at $19.54 Monday, a gain of 45.60% on 105 times average volume.
Market News and Data brought to you by Benzinga APIsComplete Genomics GNOM and BGI-Shenzhen announced Monday that they have entered into a definitive merger agreement. Under the agreement, a wholly-owned U.S. subsidiary of BGI will launch a tender offer to purchase all outstanding shares of common stock of Complete Genomics for $3.15 per share in cash. That represents approximately a 54% premium to the $2.04 closing price per share of Complete Genomics common stock on June 4, 2012. Complete Genomics closed at $3.02 Monday, a gain of 13.11% on 5 times average volume. Danaher Corporation to Acquire IRIS International for $19.50/Share The Deal:
Danaher Corporation DHR announced Monday that it has entered into a definitive merger agreement to acquire all of the outstanding shares of common stock of IRIS International IRIS at a purchase price of $19.50 per share or $338 million. The transaction is expected to close during the fourth quarter of 2012. IRIS International closed at $19.54 Monday, a gain of 45.60% on 105 times average volume.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in