Benzinga's M&A Chatter for Friday March 8, 2013
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday March 8, 2013:
Gardner Denver to Be Acquired By KKR for $76/Share
Gardner Denver (NYSE: GDI) and KKR (NYSE: KKR) announced Friday that the companies have agreed to merge in a transaction valued at approximately $3.9 billion or $76 per share in cash, including the assumption of debt.
The transaction is expected to close in Q3 2013.
Gardner Denver closed at $74.74 Friday, a gain of almost 1% on 11 times average volume.
Nielsen Holdings Reportedly Looking to Sell Trade-Show Unit
Nielsen Holdings (NASDAQ: NLSN) is seeking to sell its expositions business, in a deal that could bring $1 billion, according to Wall Street Journal. Nielsen has reportedly hired Credit Suisse as an adviser.
A spokesperson for Nielsen had no comment on the report.
Nielsen Holdings closed at $34.89 Friday, a gain of $0.59 on 1.5 times average volume.
Hearing Chatter of General Dynamics Interest in Comtech
General Dynamics (NYSE: GD) reportedly had been in talks to acquire Comtech Telecommunications (NASDAQ: CMTL), according to Deal Reporter. The talks are said to have broken down, according to sources.
A spokesperson for General Dynamics declined comment on the rumor. A Comtech spokesperson was not available for comment.
Comtech Telecommunications closed at $25.77 Friday, a gain of 2.5% on 6.5 times average volume.
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