Benzinga's M&A Chatter for Wednesday April 2, 2014
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 2, 2014:
Lone Star Funds Affiliate to Acquire DFC Global for $9.50/Share in Cash
DFC Global (NASDAQ: DLLR) announced Wednesday that it has agreed to be acquired by an affiliate of Lone Star Funds for $9.50 per share in cash, for a total value of $1.3 billion. The agreement was unanimously approved by DFC Global's Board of Directors and is expected to close in Q3 2014.
DFC Global shares closed Wednesday at $9.45, a gain of 5%.
Cardinal Health Acquires AccessClosure for $320M in Cash
Cardinal Health(NYSE: CAH) announced Wednesday it has agreed to acquire manufacturer and distributor of extravascular closure devices, AccessClosure, for $320 million in cash. The deal is expected to close by early June 2014.
Cardinal Health closed Wednesday at $70.28, a gain of $0.55.
Plug Power Acquires ReliOn for Approximately $4M in All-Stock Deal
Plug Power (NASDAQ: PLUG) announced Wednesday it has acquired the assets of a developer of hydrogen fuel cell stack technology, ReliOn, for $4 million in Plug Power shares.
Plug Power closed Wednesday at $7.48 and traded around $7.80 after-hours.
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