Benzinga's M&A Chatter for Monday March 10, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday March 7 through Sunday March 9, 2014: Chiquita Brands, Fyffes to Combine in $1.07B Merger Deal The Deal:
Chiquita Brands CQB and Fyffes FYFFF announced Monday that the two companies will combine in a stock-for-stock deal that is expected to result in Chiquita shareholders owning approximately 50.7% of ChiquitaFyffes, and Fyffes shareholders owning approximately 49.3% of ChiquitaFyffes. The transaction will result in a combined equity value of approximately $1.07 billion. The deal is to close before the end of 2014. Chiquita Brands closed Friday at $12.00, gaining alomost 11%. Minerals Technologies to Acquire AMCOL for $45.75/Share in Cash The Deal:
Minerals Technologies MTX and AMCOL International ACO announced Monday that they have agreed that Minerals Technologies will acquire AMCOL for $45.75 per share in cash, for a total value of approximately $1.7 billion. The deal is expected to close in H1 2014. AMCOL terminated its merger agreement with Imerys IMYSF, whose offer was $45.25 per share. AMCOL paid Imerys` U.S. subsidiary a termination fee of $39 million. AMCOL closed Friday at $45.71, a loss of 2%. Montage Tech Receives Non-Binding Proposal from Shanghai Pudong Science of $21.50/Share The Offer:
Montage Technology MONT announced Monday that its Board of Directors received a preliminary non-binding proposal letter, dated March 10, 2014, from Shanghai Pudong Science and Technology Investment Co., whereby, PDSTI proposed to acquire all of Montage's outstanding ordinary shares at a price of $21.50 per share in cash. The Board is reviewing the proposal. Montage Technology closed Friday at $20.66, a gain of 20%.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&AGlobalMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!