Benzinga's M&A Chatter for Thursday April 17, 2014
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday April 17, 2014.
Post Holdings to Acquire Michael Foods for $2.45B
Post Holdings (NYSE: POST) confirmed Thursday it will acquire Michael Foods from its owners, which include GS Capital Partners and affiliates of Thomas H. Lee Partners for $2.45 billion. It was rumored Wednesday that Post had beat out rival Tyson Foods (NYSE: TSN) for the right to acquire Michael Foods.
The deal is expected to close in Q2 2014.
Post Holdings closed Thursday at $54.25, a loss of $0.48.
Thor Acquires K-Z for $53.4M Cash
Thor Industries (NYSE: THO) announced Thursday that it had agreed to acquire the capital stock of RV manufacturer K-Z for approximately $53.4 million in cash. The transaction is closing effective May 1, 2014.
Thor Industries closed Thursday at $63.22, a gain of $0.60.
Chemtura to Sell Agrochemicals Business to Platform Specialty Products for $1B
Chemtura (NYSE: CHMT) announced Thursday that it has an agreement to sell its agrochemicals business, Chemtura AgroSolutions, to Platform Specialty Products (NYSE: PAH) for approximately $1 billion. The transaction is expected to close in H2 2014.
Chemtura closed at $23.16 on Thursday, a loss of 8%.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.