Notable Mergers and Acquisitions of the Day 4/17 (ERTS/TTWO, ACS/ORB, IDGR)

April 17, 2008 9:36 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:


  • Electronic Arts Inc. (NASDAQ: ERTS) received a second request for information from the FTC regarding its proposed acquisition of Take-Two Interactive Software, Inc. (NASDAQ: TTWO).

    Take-Two has resisted EA's overtures.

  • Affiliated Computer Services, Inc. (NYSE: ACS) announce an agreement to acquire Orbital Sciences Corporation's (NYSE: ORB) Transportation Management Systems (TMS) business for $42.5 million.

    TMS is the nation's leading provider of Global Positioning System (GPS)-based fleet management systems, with trailing twelve months revenue of approximately $50 million as of March 2008.

  • Industrial Distribution Group (Nasdaq: IDGR) said its Board of Directors intends to withdraw its recommendation of the pending acquisition of the Company by an affiliate of Platinum Equity Advisors, LLC , in order to accept and recommend the definitive offer received from WESCO Distribution, Inc. to acquire the Company for a price of $11.75 per share in cash to the Company's stockholders.

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

ACS 55.12

+0.05 +0.09%
Volume: 1,041,575
Track ACS

ERTS 19.00

+0.84 +4.63%
Volume: 11,028,239
Track ERTS

IDGR 12.08

+0.00 +0.00%
Volume: 0
Track IDGR

ORB 13.14

-0.02 -0.15%
Volume: 245,078
Track ORB

TTWO 11.41

-0.01 -0.09%
Volume: 746,930
Track TTWO


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