Notable Mergers and Acquisitions of the Day 1/14 (TEVA, TEX, ASVI, AU, GCGC, BFAM)

January 14, 2008 10:44 AM EST

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Teva Pharmaceutical Industries Ltd. (Nasdaq: TEVA) today announced that it will begin exploring possible strategic alternatives for its animal health business, which develops, manufactures and markets proprietary and generic animal health products, principally in the U.S. and Israel. This decision follows a strategic review Teva conducted in 2007, and could include the possible divestiture of the unit.
  
  
• Terex Corporation (NYSE: TEX) reached a definitive agreement to acquire A.S.V., Inc. (NASDAQ: ASVI) for $18 per share, through a tender offer followed by a merger.
  
  The transaction is valued at approximately $488 million, or $18 per fully diluted share of ASV common stock, and is subject to the valid tender of a majority of ASV’s fully diluted common shares, regulatory approvals and other customary conditions.
  
  
• AngloGold Ashanti (NYSE: AU) agrees to acquire 100% of Golden Cycle Gold Corporation (NYSE: GCGC), through a merger transaction in which GCGC's shareholders will receive consideration consisting of AngloGold Ashanti ADSs which, as of a recent date, represented aggregate consideration of approximately US$149 million.
  
  Under the Transaction, it is proposed that each share of GCGC's common stock will be converted into the right to receive AngloGold Ashanti ADSs on the basis of an exchange ratio of 29 AngloGold Ashanti ADSs per 100 shares of GCGC's common stock. Based upon the closing price of AngloGold Ashanti ADSs as traded on the NYSE on Friday, January 11, 2008 of US$49.59, this exchange ratio represents an offer price of US$14.38 per share of the Company's common stock and an aggregate transaction value of US$149 million, based on 10.35 million shares outstanding on a fully diluted basis.
  
  
• Bright Horizons Family Solutions, Inc. (NASDAQ: BFAM) announced a definitive merger agreement to be acquired by an affiliate of Bain Capital Partners, LLC for $1.3 billion or $48.25 per share, a 47% premium over Bright Horizons' closing share price on January 11, 2008.
  

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions

Create E-mail AlertRelated Categories

Special Reports

Stocks Mentioned

Related Entities

• Bain Capital

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?