Notable Mergers and Acquisitions of the Day 1/31 (ADS, BX, MT, AMZN, ADBL)

January 31, 2008 10:10 AM EST

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Alliance Data Systems Corporation (NYSE: ADS) filed a lawsuit against Aladdin Solutions, Inc. and Aladdin Merger Sub, Inc. the acquisition entities formed by affiliates of The Blackstone Group (NYSE: BX) to acquire Alliance Data pursuant to the terms of a May 17, 2007 merger agreement.
  
  The lawsuit, filed in the Delaware Court of Chancery, seeks specific performance to compel Blackstone to comply with its obligations under the merger agreement, including its covenants to use reasonable best efforts to obtain required regulatory approvals and to consummate the merger, and such other relief as the Chancery Court may deem just and proper.
  
  Earlier in the week, Alliance Data received a notice from Blackstone pursuant to the terms of the merger agreement stating Blackstone's belief that the condition to closing the merger relating to obtaining approvals from the Office of the Comptroller of the Currency was not likely to be satisfied.
  
  
• ArcelorMittal (NYSE: MT) has signed agreements to acquire three coal mines and associated assets in Russia for a total consideration of USD $720 million.
  
  The Company will acquire a 97.59% stake in the Berezovskaya Mine together with a 99.35% stake in the Pervomayskaya Mine from OAO Severstal in Russia. Both mines produce coking coal and are located in the Kemerovo Region, Russia. As part of the agreement ArcelorMittal will also acquire the exploration and mining rights to the Zhernovskaya-3 coal deposit, which is a subsidiary of the Pervomayskaya Mine. Furthermore, it will acquire the Severnaya Coal Preparation Plant which is part of the Berezovskaya Mine and three companies that provide the mines with associated services.
  
  The Company has also agreed to purchase 100% of the Anzherskoye mine. All the transactions are subject to regulatory approval.
  
  
• Amazon.com, Inc. (NASDAQ: AMZN) has reached an agreement to acquire Audible Inc. (NASDAQ: ADBL).
  
  Under the terms of the agreement, Amazon.com will commence a cash tender offer to purchase all of the outstanding shares of Audible.com for $11.50 per share and will assume Audible.com's outstanding stock-based awards, for an aggregate transaction value of approximately $300 million which includes Audible.com's cash and short-term investments at closing.
  

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

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