Stock News on Notable M&A Stock Deals Of the week (AIG, FACT, PSYS, DVN, CF)
M&A Deals Of the week.
(EMAILWIRE.COM, March 14, 2010 ) Dallas, Tx - On Monday, American International Group, Inc. (NYSE:AIG) announced a definitive agreement to sell American Life Insurance Company (ALICO) to MetLife, Inc. (NYSE: MET) for approximately $15.5 billion, including $6.8 billion in cash and the remainder in equity securities of MetLife, subject to closing adjustments.
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On Tuesday, Facet Biotech Corporation (NASDAQ:FACT) has agreed to be acquired by Abbott Laboratories (ABT.N) for $27 a share, topping a failed hostile offer of $17.50 a share made last year by Biogen Idec Inc (BIIB.O).
On Wednesday, Psychiatric Solutions, Inc. (NASDAQ:PSYS) announced that it has been approached by third parties in connection with a potential acquisition of the Company. In order to consider possible responses, the Company has formed a special committee of the Board of Directors, which has retained Goldman, Sachs & Co. and Shearman & Sterling LLP as its financial and legal advisors, respectively.
On Thursday, Devon Energy Corporation (NYSE:DVN) announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP (NYSE: BP) for $7.0 billion.
On Friday, CF Industries Holdings, Inc. (NYSE: CF) and Terra Industries Inc. (NYSE: TRA) announced they have entered into a definitive merger agreement (the "CF Industries-Terra Agreement") to combine the two companies. Terra stockholders will receive $37.15 in cash and 0.0953 of a share of CF Industries common stock for each share of Terra common stock. The transaction has a total value of approximately $4.7 billion.
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On Tuesday, Facet Biotech Corporation (NASDAQ:FACT) has agreed to be acquired by Abbott Laboratories (ABT.N) for $27 a share, topping a failed hostile offer of $17.50 a share made last year by Biogen Idec Inc (BIIB.O).
On Wednesday, Psychiatric Solutions, Inc. (NASDAQ:PSYS) announced that it has been approached by third parties in connection with a potential acquisition of the Company. In order to consider possible responses, the Company has formed a special committee of the Board of Directors, which has retained Goldman, Sachs & Co. and Shearman & Sterling LLP as its financial and legal advisors, respectively.
On Thursday, Devon Energy Corporation (NYSE:DVN) announced that it has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP (NYSE: BP) for $7.0 billion.
On Friday, CF Industries Holdings, Inc. (NYSE: CF) and Terra Industries Inc. (NYSE: TRA) announced they have entered into a definitive merger agreement (the "CF Industries-Terra Agreement") to combine the two companies. Terra stockholders will receive $37.15 in cash and 0.0953 of a share of CF Industries common stock for each share of Terra common stock. The transaction has a total value of approximately $4.7 billion.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alert provides stock news on various stocks of the day. These alerts help investors in making the wise stock market investments. Till date thousands of our subscribers have made huge gains using our daily stock alerts. We provide alerts on hot stocks, midcap & smallcap penny stocks, most active stocks and much more. You can become leader in stock market by keeping track of the daily activity.
###
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Tel: 214 556 6798
Email us
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