Benzinga's M&A Chatter for Wednesday September 25, 2013
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday September 25, 2013
Stryker to Acquire MAKO Surgical for $30/Share in Cash
The deal is expected to be dilutive to Stryker`s adjusted earnings per share excluding acquisition and integration-related charges by approximately $0.10-$0.12 in the first full year, neutral in year two and accretive thereafter.
MAKO Surgical closed at $29.46 Wednesday, a gain of 82%.
Reuters Reporting Nokia Could Be Considering a Deal with Alcatel
Shares of Alcatel-Lucent, (NASDAQ: ALU) spiked higher Wednesday on a report from Reuters that Nokia (NYSE: NOK) may seek to acquire Alcatel's wireless business or even possibly, the entire company, according to sources. A source said the two companies had held talks previously and may be open to further talks.
The former Bell Labs was spun off by AT&T (NYSE: T) in 1996 as Lucent Technologies. The stock hit a high of around $86.00 in 2000, before missed earnings estimates and questionable accounting practices sent the stock into a tailspin. Lucent merged with France's Alcatel in 2006.
Microsoft (NASDAQ: MSFT) announced on September 2, it would acquire Nokia's devices & services business.
Alcatel-Lucent closed at $3.58 Wednesday, and rose another 2% after-hours.
Sinclair to Acquire Eight New Age Media TV Stations for $90M
Sinclair Broadcast Group (NASDAQ: SBGI) announced Wednesday that it will acquire the broadcast assets of 8 television stations owned by New Age Media for $90 million. The deal is expected to close in late Q4 2013 or Q1 2014, subject to FCC approval.
Sinclair Broadcast Group closed at $31.72 Wednesday, a gain of $0.20.
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