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The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday April 11 through Sunday April 13, 2014.
Autonavi to be Acquired by Alibaba at $21/ADS in CashThe Deal:
AutoNavi Holdings
AMAP announced Friday that it has agreed to be acquired by an affiliate of Alibaba Group for $5.25 in cash per ordinary share or $21.00 in cash per ADS. The deal is expected to close in Q3 of 2014.
Autonavi Holdings closed Friday at $20.65, a gain of 3%.
AMETEK to Acquire Zygo for $19.25/ShareThe Deal:
Ametek
AME and Zygo Corporation
ZIGO announced Friday that they have entered into a definitive merger agreement whereby Ametek will acquire all of the outstanding shares of Zygo for $19.25 per share in cash. The deal was unanimously approved by Zygo's Board and is expected to be completed by the end of Q2 2014.
Zygo closed Friday at $19.43, a gain of 32%.
Report Tyson, Post Bidding for Michael FoodsLoading...
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Tyson Foods
TSN and Post Holdings
POST are each bidding for Michael Foods, which has been put up for sale by the private equity division of Goldman Sachs
GS. according to a report from
Reuters.Tyson was rumored last month to be looking at a buyout of Michael Foods, along with Treehouse Foods
THS.
A deal could be worth 2.5 billion, according to sources.
Tyson closed Friday at $41.67, a gain of $0.35.
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