Notable Mergers and Acquisitions of the Day 10/28: HUN, JNJ, VNO/LXP
More News related to CS
- Watson Announces Presentation Time Change at Credit Suisse Healthcare Conference
- PAREXEL International to Present at Credit Suisse 18th Annual Healthcare Conference
- Express Scripts to Present at Credit Suisse Healthcare Conference
- Zimmer Holdings to Present at Credit Suisse 18th Annual Global Healthcare Conference
- BioMarin to Present at the Credit Suisse Healthcare Conference
More News related to DB
- DB Commodity Services Files with the SEC to Register 100 Million Additional Shares of PowerShares DB US Dollar Index Bullish Fund
- Semi-Annual Changes to the NASDAQ OMX CRD Global Sustainability 50 Index
- Deutsche Bank Presents a Free Webcast of the Berliner Philharmoniker and Sir Simon Rattle Performing Brahms's Symphonies 3 & 4 on November 9
- Trading Radar for 10/29: Exxon (XOM), Motorola (MOT), Waste Management (WM) Report
- TheMarkets.com Expands Broker Research Offering to Include 550 Providers
More News related to HUN
- Huntsman Announces Fourth Quarter 2009 Common Dividend
- Huntsman (HUN) Posts Q3 adj.-Loss of $0.24, Wider than Expected
- Huntsman Releases 2009 Third Quarter Results
- Trading Radar for 11/04: Cisco (CSCO), Comcast (CMCSA), Tyco (TEL), Molson Coors (TAP) Report
- U.S. Antitrust Waiting Period Ends for Huntsman Purchase of Tronox Assets
More News related to Special Reports
- After-Hours Movers 11/10: BITS, GSB, OCNF, HOO Higher; TGIC, MCZ, STV, MBLX, EM Lower
- Trading Radar for 11/11: Macy's (M), Progressive (PGR), Advanced Auto Parts (AAP), Computer Sciences (CSC) Report
- Unusual 11 Mid-Day Movers 11/10: UPG, CSII, SGK, MEDQ Higher; RHIE, OPXT, PRKR, MBI Lower
- Notable ETF Movers: PGM, XLV, SMH Up; UNG, KRE, FXI, AGQ, XME Down
- Notable Analyst Rating Changes 11/10: ADBE, ANN, FRPT, RAX Upgraded; ALU, CPST, PIKE, TRW Downgraded
- Hexion Specialty Chemicals, Inc. announced today that late last night Hexion received correspondence from counsel to affiliates of Credit Suisse (NYSE: CS) and Deutsche Bank (NYSE: DB) stating that the banks do not believe that the solvency opinion of American Appraisal Associates and the solvency certificate of Huntsman Corporation's (NYSE: HUN) Chief Financial Officer meet the condition of the commitment letter, and stated that as a result the banks do not plan to fund the proposed closing of the merger scheduled for this morning. Accordingly, Hexion does not expect the merger to close today.
Hexion strongly disagrees with the banks’ position and has advised them of their obligation to fulfill the financing commitment for the merger. While Hexion intends to meet and work with the banks today to try to complete the merger, if the banks do not fund their commitment, Hexion will vigorously enforce all of its contractual rights.
- Johnson & Johnson (NYSE: JNJ) today announced that it has acquired HealthMedia, Inc., a privately held company located in Ann Arbor, Michigan, that creates web-based behavior change interventions. Terms of the transaction were not disclosed.
- Vornado Realty Trust (NYSE: VNO) has agreed to purchase 8.0 million common shares (out of a block of 18.7 million being sold) of Lexington Realty Trust (NYSE: LXP) for $5.60 per share. These shares were previously held by an affiliate of Apollo Real Estate Advisors III, L.P. The shares are being sold with 50% financing recourse solely to the shares purchased.
Assuming redemption for Lexington Realty Trust shares of the approximately 8.1 million common units of Lexington Master Limited Partnership which Vornado already owns, Vornado will own approximately 16.1 million of Lexington Realty Trust’s common shares.
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