The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday April 3, 2012:
Royal Bank of Canada to Acquire Full Ownership of RBC Dexia Investor ServicesThe Deal:
Royal Bank of Canada (NYSE:
RYMolson Coors to Acquire Central and Eastern European Brewer StarBevThe Deal:
Molson Coors Brewing Company (NYSE:
TAPDell Acquires Clerity SolutionsThe Deal:
CVR Energy Issues Statement Regarding Tender Offer ResultsThe Offer
:
CVR Energy (NYSE:
CVI), a majority owner of CVR Partners, LP (NYSE:
UANMid-America Apartment Communities Announces AcquisitionThe Deal:
Mid-America Apartment Communities (NYSE:
MAA) announced today that it has completed the acquisition of Adalay Bay, a 240-unit apartment community located in Chesapeake, Virginia.
The acquisition was funded by a public offering of 1,955,000 shares of common stock earlier in the year.
Mid-America Apartment Communities closed at $67.78 Tuesday, a loss of 0.12% on average volume.
Devry's Becker Acquires Falcon Physician ReviewsThe Deal:
Becker Professional Education and a part of DeVry Inc. (NYSE:
DV), announced Tuesday the acquisition of Falcon Physician Reviews. The transaction marks Becker's entrance into the growing healthcare professional education market.
Devry closed at $33.91 Tuesday, a loss of 1.65% on 75% of the average daily volume.
Full House Resorts to Acquire the Silver Slipper Casino in MississippiThe Deal:
Full House Resorts (NYSE:
FLLArrow Electronics Acquires the Altimate GroupThe Deal:
Arrow Electronics, Inc. (NYSE:
ARW) announced Tuesday that the company has signed a definitive agreement to acquire the ALTIMATE Group, a subsidiary of DCC plc. ALTIMATE is a European value-added distributor of enterprise and midrange computing products, services, and solutions.
Arrow Electronics closed at $41.55 Tuesday, a loss of 1.17% on average volume.
The Ensign Group Acquires Utah Home Health and Hospice CompanyThe Deal:
The Ensign Group (NASDAQ:
ENSG), announced Tuesday that an Ensign subsidiary has acquired Zion's Way Home Health and Hospice, a well-regarded home health and hospice agency based in St. George, Utah, with branch offices in the cities of Kanab, Utah and Page, Arizona. The acquisition was effective as of April 1, 2012.
Ensign Group closed at $27.03 Tuesday, a loss of 1.71% on light volume.
Grainger Enters Brazil Through Acquisition of AnFreixo, a Votorantim CompanyThe Deal:
Grainger (NYSE:
GWWFlagstone Enters Definitive Agreement with ANV for the Sale of Flagstone's Lloyd's OperationsThe Deal:
Flagstone Reinsurance Holdings (NYSE:
FSRHearing Carl Icahn to Take Stake in Range ResourcesThe Rumor:
Carl Icahn is about to take a large stake in Range Resources (NYSE:
RRC), according to sources. Range Resources is a frequent takeover name most often mentioned with Royal Dutch Shell (NYSE: RDS.A).
A Range Resources spokesperson was not available for comment.
Range Resources closed at $58.16 Tuesday, a loss of 0.97% on half the average daily volume.
Davenport Says Walter Energy Deal Can Be Done at $109The Rumor:
A deal for Walter Energy (NYSE:
WLT) can be done for $109 per share, according to Davenport analyst Chris Haverland. Walter Energy is a frequent takeover name with potential buyers including Rio Tinto (NYSE:
RIO) and Warren Buffett's Berkshire Hathaway (BRK.A).
A spokesperson for Walter Energy said he was aware of the Davenport note, but declined comment other than to say Haverland feels that a takeover makes sense.
Walter Energy closed at $59.35 Tuesday, a loss of 2.29% on 75% of the average daily volume.
Hearing Cobalt Energy Has Been Approached by Exxon Mobil, Royal Dutch ShellThe Rumor:
Cobalt Energy (NYSE:
CIE) has been approached by potential buyers, including Exxon Mobil (NYSE:
XOM) and Royal Dutch Shell (NYSE: RDS.A), according to sources. The rumored purchase price is $50 to $60.
A Cobalt Energy spokesperson was not available for comment.
Cobalt Energy closed at $31.36 Tuesday, a gain of 4.53% on average volume.
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