Notable Mergers and Acquisitions of the Day 2/25 (ERTS/TTWO, GYI, DAL/NWA, CAL/UAUA)
More News related to CAL
- Continental Airlines to Auction Trip for Two to Eight Wonders of the World
- Continental Airlines to Relocate Airport Operations at Paris/Charles De Gaulle and Barcelona
- Caledonia Mining Corporation: Blanket Mine Awarded Exporter of the Year
- Caledonia Mining Corporation: Blanket Mine Awarded Exporter of the Year
- New Economic Study Reveals $6.3 Billion Contribution to New York/New Jersey Region by Continental Airlines
More News related to DAL
- St. Kitts Is On Sale With Delta Air Lines
- Delta Offers Travel Assistance to Customers Affected by Hurricane Ida
- Delta Air Lines (DAL) Reports 6.5% Decline in October System Traffic
- Delta Air Lines Reports October Traffic
- Trading Outlook for AirTran Holdings Inc. Issued by InvestorSoup.com
More News related to ERTS
- Highlights From ERTS's Q2 Conference Call: Largest Quarter for Digital Direct Revenues in EA's History; Guides In-line
- Activision Blizzard's (ATVI) New "Call of Duty" Has Gamers Buzzing, But Stock Flat
- Visceral Games Invites Players to Tear Open the 'Gates of Hell' with Dante's Inferno Demo
- Electronic Arts (ERTS) Makes Major Job Cuts As Q2 Profits Lag (Update)
- Electronic Arts (ERTS) Misses Q3 EPS by 1c; Guide In-Line
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
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
Related Categories
Special ReportsStocks Mentioned
-0.22
+0.00Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
