ResCare (RSCR) Removed From 'Takeover Target' List Following Deal
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With its agreement to be acquired today, ResCare (Nasdaq: RSCR) has been removed from StreetInsider.com's "Top 50 Takeover Targets" List at M&A Central.
ResCare was ranked number 6 on the list prior to today, after announcing in August that it received $12.60 takeover offer from Onex Corporation. Today, ResCare agreed to a higher $13.25 per share offer form Onex, or an additional 5 percent premium. Shares are up 6.2 percent today.
In addition to the ResCare acquisition, two other high ranking takeover targets had positive news today. Airgas (NYSE: ARG), number 3 on the list, received a increased offer from Air Products (NYSE: APD) of $65.50, up from $63.50. Also, Casey General Stores (Nasdaq: CASY), the new number 6 on the list (up from 7), said it received a $40 per share takeover offer from a strategic third party. Casey is currently the target of a hostile takeover bid from Couche-Tard.
Stay a step ahead of the M&A action by checking M&A Central daily.
ResCare was ranked number 6 on the list prior to today, after announcing in August that it received $12.60 takeover offer from Onex Corporation. Today, ResCare agreed to a higher $13.25 per share offer form Onex, or an additional 5 percent premium. Shares are up 6.2 percent today.
In addition to the ResCare acquisition, two other high ranking takeover targets had positive news today. Airgas (NYSE: ARG), number 3 on the list, received a increased offer from Air Products (NYSE: APD) of $65.50, up from $63.50. Also, Casey General Stores (Nasdaq: CASY), the new number 6 on the list (up from 7), said it received a $40 per share takeover offer from a strategic third party. Casey is currently the target of a hostile takeover bid from Couche-Tard.
Stay a step ahead of the M&A action by checking M&A Central daily.
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