Market Overview

Merger Monday: 6 Deals, Rumors And Bids You Might Have Missed

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Merger Monday was in full force this morning. Deals ranged from healthcare takeovers to increased bids in the media sector.

Here is a recap:

  • Pfizer Inc. (NYSE: PFE) will acquire Anacor Pharmaceuticals Inc (NYSE: ANAC) for $99.25 per share in cash, valuing the company at $5.2 billion.
  • Gannett Co Inc (NYSE: GCI) increased its offer to acquire Tribune Publishing Co (NYSE: TPUB) from $12.25 per share to $15.00 per share.
  • Range Resources Corp. (NYSE: RRC) will acquire Memorial Resource Development Corp (NASDAQ: MRD) for $4.4 billion in stock.
  • Warren Buffett confirmed to CNBC that he's Backing Dan Gilbert's bid for Yahoo! Inc. (NASDAQ: YHOO).
  • Luminex Corporation (NASDAQ: LMNX) will acquire Nanosphere, Inc. (NASDAQ: NSPH) for $1.35 per share in cash.
  • Brown & Brown, Inc. (NYSE: BRO) will acquire Morstan General Agency, terms not disclosed.

Posted-In: News M&A

 

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