Notable Mergers and Acquisitions of the Day 3/5 (PKTR, SFD, LTS)
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- In an amended 13D filing on Packeteer, Inc (Nasdaq: PKTR) 5.9% holder, Elliott Associates, disclosed a letter to the company prepared to offer to acquire the Issuer for a price of $5.50 per share in cash, a 42% premium to the March 4 closing share price of the Common Stock.
The letter states that although they prefer to work together with the company immediately to negotiate a definitive merger agreement, they are prepared to proceed promptly with an offer directly to shareholders if the company chooses not to engage with them.
- Smithfield Foods (NYSE: SFD) announced that it has signed a definitive agreement to sell Smithfield Beef Group, its beef processing and cattle feeding operation, to JBS S.A., for $565.0 million in cash.
- Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) today announced that it has reached a definitive agreement to acquire Punk, Ziegel & Company, L.P., a leading specialty investment bank based in New York City. Terms of the transaction were not disclosed.
Punk Ziegel will be merged into Ladenburg Thalmann & Co. Inc., one of Ladenburg's principal operating subsidiaries.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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