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Benzinga's M&A Chatter for Monday June 24, 2013

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Benzinga's M&A Chatter for Monday June 24, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 24, 2013:

Tenet Healthcare to Acquire Vanguard Health Systems for $21/Share in Cash

The Deal:
Tenet Healthcare (NYSE: THC) and Vanguard Health Systems (NYSE: VHS) announced Monday that they have agreed that Tenet will acquire Vanguard for $21 per share in cash. The deal is valued at $4.3 billion including the assumption of $2.5 billion in Vanguard debt and is expected to close before the end of 2013.

Vanguard Health Systems closed at $20.70 Monday, a gain of 67% on 94 times average volume.

Western Digital to Acquire STEC for $6.85/Share in Cash

The Deal:
Western Digital (NASDAQ: WDC) and STEC (NASDAQ: STEC) announced Monday that they have agreed that STEC will be acquired by WDC subsidiary HGST, for approximately $340 million in cash, or $6.85 per share. The deal is expected to close in Q4 2013.

STEC closed at $6.71 Monday, a gain of 87% on 49 times average volume.

Keynote Signs Definitive Agreement to be Acquired by Thoma Bravo for $20/Share in Cash

The Deal:
Keynote Systems (NASDAQ: KEYN) announced Monday that it has agreed to be acquired by an affiliate of private equity firm Thoma Bravo for $20.00 per share in cash or $395 million. The deal is expected to close before September 30, 2013.

Keynote Systems, closed at $19.82 Monday, a gain of 46% on 44 times average volume.

Posted-In: News M&A Movers

 

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