Benzinga's M&A Chatter for Thursday December 27, 2012
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday December 27, 2012:
Stockholders Approve Ancestry.com Acquisition by Permira
Ancestry.com (NASDAQ: ACOM) announced Thursday, that the Ancestry.com stockholders have approved the previously announced merger agreement pursuant to which a company owned by Permira funds and co-investors, will acquire the company.
Ancestry.com closed at $32.00 Thursday, a loss of $0.02 on 1.5 times average volume.
PAREXEL Acquires Liquent for $72M
PAREXEL International Corporation (NASDAQ: PRXL) announced Thursday, that on December 21, 2012, the Company acquired all of the outstanding equity securities of Liquent. Liquent provides an integrated platform of software solutions for regulatory submissions and product registration management, as well as a range of complementary business process outsourcing capabilities. The purchase price was approximately $72 million (which was adjusted at closing to reflect Liquent's cash, indebtedness and working capital balances at closing), and was funded through the expansion of one of the Company's existing credit facilities.
PAREXEL closed at $29.07 Thursday, a loss of 1.5% on almost 4 times average volume.
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