The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday December 19, 2013.
Jazz Pharmaceuticals to Acquire Gentium for $57.00/Share in Cash
The Deal:
Jazz Pharmaceuticals JAZZ and Gentium GENT announced Thursday that a subsidiary of Jazz Pharmaceuticals will make a cash tender offer of $57.00 per share for all outstanding Gentium ordinary shares and ADS's, in a transaction that is valued at approximately $1 billion. The deal is expected to close in Q1 2014. Jazz closed Thursday at $114.72, and traded at $122 after-hours. Gentium closed at $55.65, and bid at $57.15 after-hours. Dealertrack to Acquire Dealer.com for $620M in Cash and 8.7M Dealertrack Shares The Deal:
Dealertrack Technologies TRAK and Dealer.com announced Thursday a definitive agreement for Dealertrack to acquire Dealer.com for approximately 8.7 million shares of Dealertrack's common stock and $620 million in cash. The deal is expected to close in Q1 2014. Dealertrack Technologies closed Thursday at $42.80 and traded at $45.89 after-hours. Report Liberty Execs Estimate $700M in Synergies with Charter-Time Warner Cable Merger The Rumor:
Reuters reported Thursday that Liberty Media LMCA executives, including Chairman John Malone and CEO Greg Maffei, estimated that a merger between Charter Communications CHTR and Time Warner Cable TWC could generate approximately $700 million in annual synergies, according to sources. The matter was reportedly discussed last week at a meeting with large Time Warner Cable shareholders in Denver. Bloomberg reported last week that Charter was preparing an offer of under $135 per share for the nation's second largest cable operator. Time Warner Cable closed Thursday at $133.74, a loss of $0.75.
Market News and Data brought to you by Benzinga APIsJazz Pharmaceuticals JAZZ and Gentium GENT announced Thursday that a subsidiary of Jazz Pharmaceuticals will make a cash tender offer of $57.00 per share for all outstanding Gentium ordinary shares and ADS's, in a transaction that is valued at approximately $1 billion. The deal is expected to close in Q1 2014. Jazz closed Thursday at $114.72, and traded at $122 after-hours. Gentium closed at $55.65, and bid at $57.15 after-hours. Dealertrack to Acquire Dealer.com for $620M in Cash and 8.7M Dealertrack Shares The Deal:
Dealertrack Technologies TRAK and Dealer.com announced Thursday a definitive agreement for Dealertrack to acquire Dealer.com for approximately 8.7 million shares of Dealertrack's common stock and $620 million in cash. The deal is expected to close in Q1 2014. Dealertrack Technologies closed Thursday at $42.80 and traded at $45.89 after-hours. Report Liberty Execs Estimate $700M in Synergies with Charter-Time Warner Cable Merger The Rumor:
Reuters reported Thursday that Liberty Media LMCA executives, including Chairman John Malone and CEO Greg Maffei, estimated that a merger between Charter Communications CHTR and Time Warner Cable TWC could generate approximately $700 million in annual synergies, according to sources. The matter was reportedly discussed last week at a meeting with large Time Warner Cable shareholders in Denver. Bloomberg reported last week that Charter was preparing an offer of under $135 per share for the nation's second largest cable operator. Time Warner Cable closed Thursday at $133.74, a loss of $0.75.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
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