Notable Mergers and Acquisitions of the Day 4/9 (YHOO, STJ/EPMD, WTS)
StreetInsider.com Notable Mergers and Acquisitions of the Day:
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
- Yahoo! Inc. (Nasdaq: YHOO) entered into a definitive agreement to acquire substantially all of the assets of Tensa Kft., more commonly known as IndexTools, a leading provider of Web analytics software for online marketing.
Upon completion of the acquisition, the addition of the IndexTools' assets is intended to expand Yahoo!'s powerful set of services designed to maximize its clients' online marketing efforts.
- St. Jude Medical, Inc. (NYSE: STJ) and EP MedSystems, Inc. (NASDAQ: EPMD) announced that the Boards of Directors of both companies have unanimously approved a definitive merger agreement under which St. Jude Medical will acquire EP MedSystems for approximately $92.1 million.
Under the terms of the merger agreement, EP MedSystems shareholders will receive $3.00 of consideration for each EP MedSystems share they own, with the option of receiving that amount in cash or St. Jude Medical common stock.
EPMD closed at $1.41 yesterday.
- Watts Water Technologies, Inc. (NYSE: WTS) announced today the signing of a definitive agreement to acquire er Metal A/S located in Vildbjerg, Denmark, in a share purchase transaction.
Blücher’s annual revenue for 2007 was approximately $89 million. Under the terms of the purchase agreement, Watts will pay approximately $183 million in cash to purchase 100% of the share capital of Blücher on a debt/cash free basis, subject to a post-closing working capital adjustment. The above revenue and purchase price amounts are based on the current exchange rate of Danish Krone to U.S. Dollars. Watts intends to fund the transaction with borrowings under its credit facility and cash on hand.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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