Wall Street's M&A Chatter From October 18: Sinclair-Tribune, SUPERVALU-Associated Grocers, Assurant-Warranty Group

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday, October 18, 2017.

FCC Extends Comment Period for Sinclair Acquisition of Tribune

The Extension:

The FCC announced Wednesday it would pause the 180-deadline for 15 days, in order to allow the public to submit additional comments related to Sinclair Broadcast Group Inc's SBGI proposed acquisition of Tribune Media Co TRCO.

Reuters reported on Tuesday that Sinclair had received bids for up to 10 television stations. The intention of the sale is to give a boost to the approval process by satisfying some antitrust concerns.

Sinclair closed at $30.35.

SUPERVALU to Acquire Associated Grocers of Florida for ~$180M

The Deal:

SUPERVALU INC. SVU and Associated Grocers of Florida, Inc. announced that SUPERVALU will acquire Associated Grocers in a transaction valued at approximately $180 million. The transaction was approved by both boards of directors and is expected to close by the end of calendar year 2017.

SUPERVALU closed at $17.09, up 1 cent.

Assurant to Acquire The Warranty Group for $2.5B

The Deal:

Assurant, Inc. AIZ and TPG Capital Portfolio Company, The Warranty Group, announced that they have agreed to combine operations in a deal valued at approximately $2.5 billion. The transaction is expected to close in H1 of 2018, subject to shareholder and regulatory approvals.

Assurant closed at $101.80.

Posted In: NewsRumorsM&APre-Market Outlook
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