Benzinga's M&A Chatter for Wednesday February 12, 2014
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 12, 2014:
Imerys to Acquire AMCOL for $41.00/Share in Cash
AMCOL International (NYSE: ACO) announced Wednesday an agreement with to be acquired by Imerys (OTC: IMYSF) for $41 per share in cash. AMCOL is a producer and marketer of diverse specialty materials. The deal is expected to close in H1 2014.
AMCOL closed Wednesday at $41.24, a gain of 12%.
Wabtec to Acquire Fandstan for $215M in Cash
Wabtec (NYSE: WAB) has agreed to acquire rail and industrial equipment manufacturer, Fandstan Electric Group, for approximately $215 million in cash. The deal is expected to be completed in Q1 2014.
Wabtec closed Wednesday at $74.48, a gain of 1.5%.
Grupo Bimbo to Acquire Canada Bread from Maple Leaf
Grupo Bimbo (OTC: GRBMF) announced Wednesday it has agreed to acquire Canada Bread (OTC: CBDLF) in a transaction valued at C$1.83 billion. Maple Leaf currently owns 90% of the shares of Canada Bread. The deal is expected to close in Q2 2014.
Retrophin to Acquire Manchester Pharmaceuticals for $62.5M
Retrophin (NASDAQ: RTRX) announced Wednesday that it has agreed to acquire privately-held specialty pharmaceutical company Manchester Pharmaceuticals for $62.5 million, including an upfront payment of $29.5 million, plus royalties based on product sales. The deal is expected to close by March 1, 2014.
Retrophin closed Wednesday at $10.68 and traded over $12.00, after-hours.
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