Notable Mergers and Acquisitions of the Day 6/9 (PIR/CPWM, HOLX/TWTI, HON, JBLU/VZ)

June 9, 2008 9:39 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:


  • Pier 1 Imports, Inc. (NYSE: PIR) sent a letter to the Cost Plus, Inc. (NASDAQ: CPWM) Board of Directors proposing to acquire all the outstanding shares of Cost Plus common stock in a strategic stock-for-stock transaction.

    Under the terms of the proposal, Pier 1 Imports, Inc. would issue 0.6000 shares of its common stock for each share of Cost Plus common stock. Based on the closing prices of Pier 1 Imports and Cost Plus on June 6, 2008, the proposed exchange ratio implies a value of $4.00 for each share of Cost Plus common stock.

    Cost Plus has confirmed Pier 1's deal and announced that it will review the proposal.

  • Hologic, Inc. (Nasdaq: HOLX) signed a definitive agreement to acquire Third Wave Technologies, Inc. (Nasdaq: TWTI) for a purchase price of $11.25 per share, or approximately $580 million in value.

  • Honeywell Aerospace (NYSE: HON) has signed a definitive agreement to sell its Consumables Solutions business to B/E Aerospace for $1.05 billion, consisting of at least $800 million in cash and the remainder in shares of B/E common stock. The transaction is expected to close in the third quarter subject to regulatory approval.

  • According to reports from the Wall Street Journal, JetBlue's (Nasdaq: JBLU) LiveTV unit has agreed to buy Verizon's (NYSE: VZ) Airfone network, so it can offer in-flight e-mail and messaging services.

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


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Stocks Mentioned

CPWM 1.22

-0.05 -3.94%
Volume: 103,406
Track CPWM

HOLX 19.81

+0.63 +3.28%
Volume: 5,827,814
Track HOLX

HON 47.72

-0.27 -0.56%
Volume: 5,605,775
Track HON

JBLU 6.04

-0.14 -2.27%
Volume: 7,831,030
Track JBLU

PIR 4.33

+0.20 +4.84%
Volume: 1,361,584
Track PIR

TWTI 11.25

-0.03 -0.27%
Volume: 0
Track TWTI

VZ 34.08

-0.13 -0.38%
Volume: 14,876,834
Track VZ


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