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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday December 19, 2013.
Jazz Pharmaceuticals to Acquire Gentium for $57.00/Share in CashThe Deal:
Jazz Pharmaceuticals
JAZZ and Gentium
GENT announced Thursday that a subsidiary of Jazz Pharmaceuticals will make a cash tender offer of $57.00 per share for all outstanding Gentium ordinary shares and ADS's, in a transaction that is valued at approximately $1 billion.
The deal is expected to close in Q1 2014.
Jazz closed Thursday at $114.72, and traded at $122 after-hours. Gentium closed at $55.65, and bid at $57.15 after-hours.
Dealertrack to Acquire Dealer.com for $620M in Cash and 8.7M Dealertrack SharesThe Deal:
Dealertrack Technologies
TRAK and Dealer.com announced Thursday a definitive agreement for Dealertrack to acquire Dealer.com for approximately 8.7 million shares of Dealertrack's common stock and $620 million in cash.
The deal is expected to close in Q1 2014.
Dealertrack Technologies closed Thursday at $42.80 and traded at $45.89 after-hours.
Report Liberty Execs Estimate $700M in Synergies with Charter-Time Warner Cable MergerLoading...
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Reuters
reported Thursday that Liberty Media
LMCA executives, including Chairman John Malone and CEO Greg Maffei, estimated that a merger between Charter Communications
CHTR and Time Warner Cable
TWC could generate approximately $700 million in annual synergies, according to sources.
The matter was reportedly discussed last week at a meeting with large Time Warner Cable shareholders in Denver.
Bloomberg reported last week that Charter was preparing an offer of under $135 per share for the nation's second largest cable operator.
Time Warner Cable closed Thursday at $133.74, a loss of $0.75.
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