Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday August 17, 2015:
Pentair Acquires Erico Global in Cash and Stock Deal Worth $1.8BThe Deal:
Pentair plc
PNR announced Monday that it entered into an agreement to acquire ERICO Global for $1.8 billion in cash, including the repayment of ERICO debt. The deal is expected to be completed in 2015.
Pentair closed at $62.60 on Monday, a gain of 1.5%.
Liberty Interactive to Acquire Zulily for $18.75/Share in Cash, Stock DealThe Deal:
Liberty Interactive Corporation
QVCA QVCB, LVNTA, LVNTB) and Zulily, inc.
Loading...
Loading...
announced Monday that Liberty Interactive will acquire all outstanding shares of Zulily for $18.75 per share. The purchase price includes $9.375 in cash and 0.3098 newly issued share of Liberty Interactive for each Zulily share.
The acquisition will be attributed to Liberty Interactive's QVC Group tracking stock and is expected to close in Q4 of 2015.
Zulily closed at $18.74 Monday, a gain of 49%.
DS Healthcare Group to Acquire WR Group for $36.5M in Cash, StockThe Deal:
DS Healthcare Group, Inc.
DSKX announced Monday that it has entered into definitive acquisition agreements to acquire 100% of the capital stock of privately held WR Group, Inc., and its affiliate. for $34 million in cash and $2.5 million in restricted shares of DS Healthcare common stock.
Shares of DS Healthcare Group had fallen earlier in the day on a negative report from Bleecker Street Research, appearing in
Seeking Alpha.
DS Healthcare shares rose 2.7% Monday, closing at $3.81.
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