Notable Mergers and Acquisitions of the Day: WWIN, EICU, CHKE
StreetInsider.com's Notable Mergers and Acquisitions of the Day:
Waste Industries USA, Inc. (Nasdaq: WWIN) entered into a definitive merger agreement with an investor group to acquire all outstanding shares the investor group does not already own for $38.00 per share in cash. The investor group is led by Lonnie C. Poole, Jr., the Company's founder and Chairman, and Jim W. Perry, the Company's President and Chief Executive Officer, and financial partners Macquarie Infrastructure Partners and Goldman Sachs. WWIN is up 20% this AM.
VISICU, Inc. (NASDAQ: EICU) entered into a merger agreement through which an affiliate of Philips will acquire the entire share capital of VISICU for $12.00 per share. The price represents a 35% premium over the VISICU stock closing price on NASDAQ on December 17, 2007. EICU is up 32.5% this AM.
Cherokee Inc. (NASDAQ: CHKE) announced plans to explore strategic alternatives to increase shareholder value, including among others, a possible sale of the Company. Cherokee hired Goldman, Sachs & Co. as its financial advisor to evaluate and assist with the review. CHKE is up 5% this AM.
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