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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday November 27, 2013:
CVS to Acquire Apria's Coram Infusion Business Unit for $2.1BThe Deal:
Apria Healthcare Group announced Wednesday that it has entered into an agreement with CVS Caremark
CVS,whereby CVS will acquire all the outstanding shares of Coram for approximately $2.1 billion dollars. The deal is expected to close by the end of Q1 2014.
Apria Healthcare is a portfolio company of Blackstone Group
BX.
CVS Caremark closed Wednesday at $66.76, a gain of 1%.
Hearing Unconfirmed Takeover Chatter in USECThe Rumor:
Shares of low enriched uranium supplier USEC
spiked higher Wednesday on market chatter of a potential bid from Canada's Cameco Corp.
CCJ.
Spokespersons from neither USEC or Cameco were available for comment.
USEC closed Wednesday at $9.12, a gain of 3.5%.
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:
The
Wall Street Journal reported Wednesday that Charter Communications
CHTR is arranging $25 billion of debt financing in an attempt to acquire Time Warner Cable. John Malone's Liberty Media
LMCA owns 27.3% of Charter.
Bloomberg reported last week that Comcast
CMCSA may also be pursuing a bid for TWC, either alone or in partnership with Charter.
Time Warner Cable closed Wednesday at $136.80, a gain of $0.24. Charter Communications shares fell $1.14, closing at $1
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