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The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday, April 21, 2017.
Becton Dickinson to Acquire CR Bard for $317/Share in Cash, stock
The Rumor:
Bection Dickinson and Co (NYSE:BDX) and C R Bard Inc (NYSE:BCR), a medical technology leader in the fields of vascular, urology, oncology and surgical specialty products, announced a definitive agreement under which BD will acquire Bard for $317.00 per Bard common share in cash and stock, for a total consideration of $24 billion.
Under the terms of the transaction, Bard common shareholders will be entitled to receive approximately $222.93 in cash and 0.5077 shares of BD stock per Bard share, or a total of value of $317.00 per Bard common share based on BD's closing price on April 21, 2017.
The transaction is subject to regulatory and Bard shareholder approvals and customary closing conditions, and is expected to close in the fall of 2017.
CR Bard closed at $253.07, down $1.70.
Sinclair Broadcast Group to Purchase Bonten Media Group for $240M
The Deal:
Sinclair Broadcast Group Inc (NASDAQ:SBGI) announced it has entered into a definitive agreement to purchase the stock of Bonten Media Group Holdings, Inc. and Cunningham Broadcasting Corporation has entered into a definitive agreement to purchase the membership interest of Esteem Broadcasting for a total purchase price of $240 million. The deal is expected to close in Q3 of 2017, subject to FCC and antitrust approval.
On Thursday, Bloomberg reported Sinclair is seeking to acquire Tribune Media (NASDAQ:TRCO) in the high $30s per share.
Sinclair Broadcast Group closed at $39.90, down $0.45.
Gannett Acquires SweetIQ Analytics
The Deal:
Gannett Co Inc (NYSE:GCI) announced that it has acquired SweetIQ Analytics Corp. Terms were not disclosed.
Gannett closed at $8.91, up $0.15.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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