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Benzinga's M&A Chatter for Thursday September 25, 2014

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Benzinga's M&A Chatter for Thursday September 25, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday September 25, 2014:

Labcorp to Acquire Liposcience for $5.25/Share in Cash

The Deal:
Laboratory Corporation of America Holdings (NYSE: LH) and LipoScience, Inc. (NASDAQ: LPDX) announced Wednesday, a definitive merger agreement under which LabCorp will acquire LipoScience for $5.25 per share in cash, for a transaction value of $85.3 million. The deal is expected to close in Q4 of 2014.

LipoScience, Inc. (NASDAQ: LPDX) announced Wednesday, a definitive merger agreement under which LabCorp will acquire LipoScience for $5.25 per share in cash, for a transaction value of $85.3 million. The deal is expected to close in Q4 of 2014.

LipoScience shares closed Thursday at $5.19, a gain of more than 62%.

DIRECTV Holders Have Approved AT&T Deal

The Merger Approval:
DIRECTV (NASDAQ: DTV) shareholders overwhelmingly approved the proposed merger with AT&T Inc. (NYSE: T), with more than 99 percent of votes cast in favor of the merger agreement. That represents 77% of all outstanding shares of DIRECTV.

The deal is expected to be completed in the first half of 2015.

DIRECTV shares closed Thursday at $86.39, a loss of $0.42.

Western Refining Logistics to Acquire Wholesale Business from Western Refining for $360M

The Deal:
Western Refining, Inc. (NYSE: WNR) and Western Refining Logistics, LP (NYSE: WNRL) announced Thursday, that WNRL has agreed to acquire WNR's southwest wholesale business for total consideration of $360 million in cash and WNRL common partnership units. The deal is expected to close on or about October 15, 2014.

Western Refining closed Thursday at $41.81, a loss of 1%. Western Refining Logistics lost 2.5%, to close at $33.46.

Posted-In: M&A News Movers

 

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