Notable Mergers and Acquisitions of the Day 09/08: (PKI)/(CALP) (ACE)/(PMIC) (BR)

• PerkinElmer, Inc. (NYSE: PKI), has signed a definitive agreement to acquire Caliper Life Sciences, Inc. (Nasdaq: CALP), for $10.50 per share, for a total net purchase price of approximately $600 million in cash.
  
  The acquisition has received the unanimous support of the Boards of Directors of both companies, and is expected to close in Q411.
  
  
  The transaction is expected to be dilutive to PerkinElmer’s 2012 GAAP earnings per share by approximately 5 cents and accretive to PerkinElmer’s 2012 First Call consensus adjusted earnings per share by approximately 8 cents.
  
  Bank of America Merrill Lynch and Rothschild acted as financial advisors to PerkinElmer. Perella Weinberg Partners acted as exclusive financial advisor to Caliper Life Sciences, Inc., and provided a fairness opinion to the Caliper Life Sciences Board of Directors.
  
  Caliper is a Hopkinton, MA-based leader in imaging and detection solutions for life sciences research, diagnostics and environmental markets
  
  
• Penn Millers Holding Corporation (Nasdaq: PMIC), has entered into a definitive agreement on September 7, 2011 to be acquired by a subsidiary of ACE Limited (NYSE: ACE) for $20.50 per share in cash.
  
  There is no financing condition and the purchase price will be made with ACE’s available cash. The transaction is expected to close in Q112.
  
  Willis Capital Markets & Advisory is acting as exclusive financial advisor to Penn Millers’ Special Committee and provided an opinion (subject to the assumptions, qualifications and limitations set forth therein) to the Board of Directors of Penn Millers in connection with the proposed transaction. Ballard Spahr LLP is providing legal advice to the independent directors of Penn Millers.
  
  
• Broadridge Financial Solutions (NYSE: BR) today announced the acquisition of Paladyne Systems for approximately $76.5 million in consideration subject to various adjustments.

To keep up on all the Mergers & Acquisitions data in real-time, go to our new Mergers and Acquisitions Central page.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Taiwan Semi (TSM) Q1 profit beats expectations on AI demand
• California Resources (CRC) PT Raised to $57 at BofA Securities
• Nokia (NOK) Tops Q1 EPS by 1c; reaffirms FY24 outlook