Mergers and Acquisitions of the Day 4/8 (PFE/ENCY, MCF, PMFG)
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StreetInsider.com Notable Mergers and Acquisitions of the Day:
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
- Pfizer Inc (NYSE: PFE) announced that Explorer Acquisition Corp., a wholly-owned subsidiary of Pfizer, has extended the subsequent offering period of its tender offer for all of the outstanding shares of common stock of Encysive Pharmaceuticals Inc. (NASDAQ: ENCY) to 5:00 p.m., New York City time, on April 14, 2008.
Pursuant to the tender offer, Explorer Acquisition Corp. is offering to purchase shares of Encysive at a purchase price of $2.35 per share, net to the seller in cash, without interest thereon and less any required withholding taxes. The subsequent offering period had been previously scheduled to expire at 5:00 p.m., New York City time, on April 7, 2008. According to the depositary for the offer, a total of 67,435,726 shares (representing approximately 83.3% of the outstanding shares), had been tendered prior to such time.
- Contango Oil & Gas Company (AMEX: MCF) has purchased an additional 4.17% working interest and 3.33% net revenue interest in the Eugene Island 10 discovery and an additional average 4.56% working interest and approximately 3.33% net revenue interest in the five State of Louisiana leases discovery from two different companies for $100 million.
- Peerless Mfg. Co. (Nasdaq: PMFG) entered into a definitive stock purchase agreement to acquire privately owned Nitram Energy, Inc. for $65 million in cash.
Nitram is the parent company of Burgess-Manning, Inc., Bos-Hatten, Inc., and Alco Products. Burgess-Manning manufactures custom-designed gas/liquid and gas/solid separators, pulsation dampeners and silencers. Bos-Hatten manufactures custom-designed shell and tube heat exchangers. Alco Products manufactures custom-designed hairpin-style specialty heat exchangers. These businesses principally serve the oil/natural gas, chemical/petrochemical and power generation industries.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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