Benzinga's M&A Chatter for Wednesday November 27, 2013
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday November 27, 2013:
CVS to Acquire Apria's Coram Infusion Business Unit for $2.1B
Apria Healthcare Group announced Wednesday that it has entered into an agreement with CVS Caremark (NYSE: CVS),whereby CVS will acquire all the outstanding shares of Coram for approximately $2.1 billion dollars. The deal is expected to close by the end of Q1 2014.
Apria Healthcare is a portfolio company of Blackstone Group (NYSE: BX).
CVS Caremark closed Wednesday at $66.76, a gain of 1%.
Hearing Unconfirmed Takeover Chatter in USEC
Spokespersons from neither USEC or Cameco were available for comment.
USEC closed Wednesday at $9.12, a gain of 3.5%.
Report Charter Arranging $25B in Debt for Time Warner Cable Offer
The Wall Street Journal reported Wednesday that Charter Communications (NASDAQ: CHTR) is arranging $25 billion of debt financing in an attempt to acquire Time Warner Cable. John Malone's Liberty Media (NASDAQ: LMCA) owns 27.3% of Charter.
Bloomberg reported last week that Comcast (NASDAQ: CMCSA) may also be pursuing a bid for TWC, either alone or in partnership with Charter.
Time Warner Cable closed Wednesday at $136.80, a gain of $0.24. Charter Communications shares fell $1.14, closing at $1
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