Notable Mergers and Acquisitions of the Day 1/15 (LCBM, PNM, IACI)

January 15, 2008 11:00 AM EST

StreetInsider.com Notable Mergers and Acquisitions of the Day:


  • Lifecore Biomedical (Nasdaq: LCBM) entered into a definitive agreement with affiliates of Warburg Pincus, the global private equity firm, to be acquired through a tender offer, followed by a merger, for a price of $17.00 per share in cash.

  • PNM Resources (NYSE: PNM) New Mexico utility, PNM, has reached a definitive agreement to sell its natural gas operations to a subsidiary of Continental Energy Systems for $620 million.

    In a separate transaction that is conditioned upon the sale of the natural gas operations, PNM Resources will acquire Continental’s regulated Texas electric delivery business for $202.5 million.

  • Interactive Corp's (NYSE: IACI) Ticketmaster bought TicketsNow, the country's second-largest site for reselling sports and concert tickets, for $265 million. This means Ticketmaster will now compete head on with eBay (Nasdaq: EBAY) -owned StubHub.

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


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Stocks Mentioned

EBAY 22.37

+0.00 +0.00%
Volume: 12,061,197
Track EBAY

IACI 21.35

+0.00 +0.00%
Volume: 3,814,127
Track IACI

LCBM 16.98

+0.00 +0.00%
Volume: 0
Track LCBM

PNM 11.52

+0.00 +0.00%
Volume: 1,654,359
Track PNM


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