Notable Mergers and Acquisitions of the Day 12/05: MER/BAC, NTMD, RSG/AW

December 5, 2008 9:50 AM EST

• Merrill Lynch & Co., Inc. (NYSE: MER) announced that Bank of America’s (NYSE: BAC) acquisition of Merrill Lynch was approved today at its special stockholders meeting along with two other related proposals.
  
  Under the terms of the transaction, which was announced on September 15, 2008, Merrill Lynch stockholders will receive 0.8595 of a share of Bank of America common stock for each share of Merrill Lynch common stock held immediately prior to the merger and Merrill Lynch & Co., Inc. will become a wholly-owned subsidiary of Bank of America Corporation. The acquisition is expected to close by the end of the year, pending the receipt of regulatory approvals and the satisfaction of other customary closing conditions.
  
  
• NitroMed, Inc. (NASDAQ: NTMD) has received an unsolicited proposal from Deerfield Management to acquire the company for $0.50 per share in cash. Deerfield Management currently owns approximately 12% of NitroMed’s common stock. NitroMed’s board and its advisors are evaluating the proposal.
  
  NitroMed plans to file with the SEC and mail to its stockholders a definitive proxy statement in connection with the proposed sale of its BiDil and BiDil XR drug business to JHP Pharmaceuticals, LLC.
  
  
• Republic Services, Inc. (NYSE: RSG) and Allied Waste Industries, Inc. (NYSE: AW) announced that they reached an agreement yesterday with the U.S. Department of Justice to allow completion of their pending merger and that, this afternoon, this agreement was endorsed by the U.S. District Court in Washington, D.C. The parties expect to finalize their merger on Friday, December 5, subject to completion of certain administrative formalities.
  
  Following the completion of the merger, Allied will be a wholly owned subsidiary of Republic with Allied stockholders receiving approximately 51.7% of the outstanding common stock of the combined company in respect of their Allied shares and Republic stockholders retaining approximately 48.3% of the outstanding common stock of the combined company, in each case, on a diluted basis.

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions

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• Merrill Lynch
• Banc of America
• Deerfield Management
• Notable Mergers and Acquisitions

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