Notable Mergers and Acquisitions of the Day 6/9 (PIR/CPWM, HOLX/TWTI, HON, JBLU/VZ)
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
Related Categories
Special ReportsStocks Mentioned
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
