Notable Mergers and Acquisitions of the Day 2/6 (BHP/RTP, AXA, ALO)
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- BHP (NYSE: BHP) makes formal bid for Rio Tinto (NYSE: RTP). Offers 3.4 shares of BHP for each Rio shares.
- AXA (NYSE: AXA) has entered into an agreement to acquire OYAK's fifty percent (50%) share in AXA OYAK Holding A.S. ("AXA OYAK"), a company established by AXA and OYAK in 1999. Under the terms of the agreement, AXA will pay a purchase price of $525 million (approximately Euro 355 million) in cash for OYAK's 50% share in AXA OYAK(1).
The transaction, which is subject to local regulatory approval, is expected to close by early spring of 2008. Following closing, the parties have agreed that AXA OYAK and its subsidiaries will no longer use the OYAK name or trademark.
- Alpharma Inc. (NYSE: ALO) s entered into a definitive agreement to sell its Active Pharmaceutical Ingredients business to certain investment funds managed by 3i, a global private equity and venture capital company, for $395 million in cash.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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