Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 22, 2015:
Vimicro Receives Preliminary Non-Binding Proposal to Acquire Company for $13.50/ADSThe Offer:
Vimicro International Corporation
VIMC announced Monday, that its Board of Directors has received a non-binding proposal letter, dated June 21, 2015, from Dr. Zhonghan (John) Deng, the company's founder, chairman and CEO, and Co-CEO Zhaowei (Kevin) Jin, to acquire all of the outstanding ordinary shares of Vimicro not already owned by the buyer group for for $13.50 per ADS in cash.
The Board has formed a special committee to consider the proposal.
Vimicro shares closed at $12.10 on Monday, down $0.23.
Sequential Brands to Acquire Martha Stewart Living FOr $6.15/Share in Cash, StockThe Deal:
Sequential Brands Group, Inc.
announced Friday, that it has agreed to acquire 100% of the outstanding shares of Martha Stewart Living Omnimedia, Inc.
MSO for $6.15 per share, including 50% in stock and 50% in cash. That is 13% lower than Friday's $6.98 closing price.
The acquisition is expected to close in the second half of 2015.
Martha Stewart Living shares fell 12% Monday, closing at $6.12.
Loading...
Loading...
:
Home Properties, Inc.
HME announced Monday, that it has agreed to be acquired by an affiliate of Lone Star Funds, for $75.23 per share in cash. The deal is expected to close during Q4 of 2015.
Home Properties shares gained 1.76% Monday, to close at $74.01.
Sutron Agrees to be Acquired by Hach Company Affiliate for $8.50/ShareThe Deal:
Sutron Corporation
STRN and Hach Company announced Monday, that an affiliate of Hach Company will acquire Sutron Corporation through a cash tender offer to acquire all outstanding shares of common stock of Sutron, for $8.50 per share in cash, for a total enterprise value of approximately $39 million, net of cash.
The deal is expected to be completed in Q3 of 2015.
Sutron shares gained 61% Monday, closing at $8.38.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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!
Already a member?Sign in