The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 17, 2013:
Roper to Acquire Managed Health Care Associates for $1B in Cash
The Deal:
Roper Industries ROP announced Wednesday that it has entered into a definitive agreement to acquire Managed Health Care Associates in a cash transaction valued at $1 billion. Completion of the transaction is expected within 30 days, subject to regulatory approval and customary closing conditions. Roper Industries closed at $120.54 Wednesday and traded at $121.40 after-hours. j2 Acquires Backup Connect BV The Deal:
j2 Global JCOM announced Wednesday that it has acquired Backup Connect BV, an online backup provider based in The Netherlands. Terms of the acquisition were not disclosed. j2 Global closed at $38.34 Wednesday, a gain of $0.24 on average volume. Omega Advisors' Cooperman Says Dish Offer for Sprint Superior to Softbank Bid The Comments:
Sprint S shareholder, Omega Advisors Leon Cooperamn, said on Wednesday he believes Dish Network's DISH $25.5B offer is superior to that of Softbank. Cooperman said he is waiting for a response now from Softbank. Omega owns 1.86% of Sprint shares. Sprint closed at $7.09 Wednesday, loss of $0.11 on almost average volume.
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j2 Global JCOM announced Wednesday that it has acquired Backup Connect BV, an online backup provider based in The Netherlands. Terms of the acquisition were not disclosed. j2 Global closed at $38.34 Wednesday, a gain of $0.24 on average volume. Omega Advisors' Cooperman Says Dish Offer for Sprint Superior to Softbank Bid The Comments:
Sprint S shareholder, Omega Advisors Leon Cooperamn, said on Wednesday he believes Dish Network's DISH $25.5B offer is superior to that of Softbank. Cooperman said he is waiting for a response now from Softbank. Omega owns 1.86% of Sprint shares. Sprint closed at $7.09 Wednesday, loss of $0.11 on almost average volume.
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