Notable Mergers and Acquisitions of the Day 2/25 (ERTS/TTWO, GYI, DAL/NWA, CAL/UAUA)
More News related to CAL
- David Moenning’s Daily State of the Markets: 7/2
- Notable Analyst Rating Changes 7/2: ESLR, TTWO, CAL Upgraded; DYN, LUV, FSLR Downgraded
- Continental Airlines and PetRelocation.com Offer Summer Pet Travel Safety Tips
- Morgan Stanley Upgrades Continental Airlines (CAL) to Overweight
- Continental Airlines Reports June 2009 Operational Performance
More News related to DAL
- Notable Analyst Rating Changes 7/2: ESLR, TTWO, CAL Upgraded; DYN, LUV, FSLR Downgraded
- Morgan Stanley Starts Delta Air Lines (DAL) at Overweight
- Eleventh Circuit Court of Appeals Rules in Favor of Mesa Air Group - Affirms Preliminary Injunction Against Delta Air Lines
- Delta SkyMiles(R) Credit Cardmembers Can Earn Double Flown Miles on All Flights Through 2009
- Airline Stocks Slip as Analyst Cuts Sector Estimates, Regulators Showing Opposition to Consolidation (CAL, UAUA)
More News related to ERTS
- Fight on Land, Sea or Air in Battlefield 1943 on July 9
- Morgan Joseph Maintains Bullish Stance On Hasbro (HAS) Due to Transformers 2 Success and Upcoming G.I. Joe Release
- David Moenning's Daily State of the Markets: 6/30
- Notable Analyst Rating Changes 6/30: FDX, ERTS, TSL, AMZN Upgraded; ALY, CEP, HOT, SO Downgraded
- NEXM, VICL, LEA, GERN, STEM, APOL, ERTS See Volume and Upside Price Action
More News related to Special Reports
- Unusual 11 Mid-Day Movers 7/2: NAVI, AVNR, ESLR, ELN Higher; DSCO, SEPR, TIVO, ILMN Lower
- Notable Analyst Rating Changes 7/2: ESLR, TTWO, CAL Upgraded; DYN, LUV, FSLR Downgraded
- Notable Mergers and Acquisitions of the Day 7/2: JNJ/ELN, FCSX/IAAC, LSTR
- Morning Movers 7/2: ELN, QUIK, ESLR Higher; DSCO, LEA, SEPR, ILMN, MANH Lower
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- Electronic Arts (NASDAQ: ERTS) announced that it has proposed to acquire Take-Two Interactive Software (NASDAQ: TTWO) in an all-cash merger valued at approximately $2.0 billion, or about $26/share. Take-Two rejected the 63% premium price, saying the bid undervalued the company.
- Getty Images Inc. (NYSE: GYI) entered into a definitive merger agreement to be acquired by affiliates of the private equity firm Hellman & Friedman LLC in a transaction valued at approximately $2.4 billion, including the assumption of existing debt.
Under the terms of the agreement, Getty Images stockholders will receive $34.00 in cash for each outstanding share of common stock they own. The per share offer represents a 39% premium from Getty's closing price of $24.45 on Friday.
- In a research report released this morning, Soleil Securities Group made comments about the potential tie-ups that may come out of the airline industry.
The firm believes that despite recent delays "caused by pilot nitpicking over integration details" Delta (NYSE: DAL) and Northwest (NYSE: NWA) will eventually merge. Soleil expects this merger could potentially trigger a merger between Continental (NYSE: CAL) and United (Nasdaq: UAUA).
Soleil estimates the combination of Continental and United could fetch a total equity value of about $19 billion if they merge, or about $59 per share for the new company. The firm notes that "difficult-to-forecast risks" are currently not priced into a merger between either Delta/Northwest or Continental/United, but believes that its analysis provides a good starting point for assessing such combinations.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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