Notable Mergers and Acquisitions of the Day 7/24 (GE/VITL, S)
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StreetInsider.com Notable Mergers and Acquisitions of the Day:
- GE Healthcare, a unit of General Electric Company (NYSE: GE), and Vital Signs, Inc. (NASDAQ: VITL) entered into a definitive merger agreement for GE to acquire Vital Signs. Under the terms of the agreement, shareholders of Vital Signs will receive $74.50 per share in cash for each Vital Signs share they own.
Shares of VITL closed at $58 per share yesterday.
- Sprint Nextel (NYSE: S) announced an agreement to sell approximately 3,300 towers to TowerCo for approximately $670 million in cash. Additionally
Additionally, the two companies have entered into a long term leasing agreement where TowerCo will provide Sprint Nextel with wireless communications towers to support the company’s CDMA, iDEN and WiMAX networks.
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