Notable Mergers and Acquisitions of the Day 5/27 (GE, CEM, CEDC)

May 27, 2008 9:48 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Shares of Chemtura Corporation (NYSE: CEM) are higher this morning on reports from the Financial Times, private equity firms Blackstone Group and Apollo Management are in talks to acquire the chemical maker.
  
  The reports said the parties are still negotiating over price and the private equity firms are working on lining up financing, so the deal is still far from certain.
  
  In December, Chemtura said its Board of Directors has authorized management to consider a wide range of strategic alternatives. Chemtura hired Merrill Lynch as its financial advisor.
  
  
• LG Electronics Co. looking closely at General Electric Co.'s (NYSE: GE) appliance unit, which has been put up for sale, according to its chief executive officer - WSJ
  
  
• Central European Distribution Corporation (Nasdaq: CEDC) announced that it has closed its acquisition of a 49.9% voting interest and a 75% economic interest in the Whitehall Group. The total consideration for the acquisition comprises $200 million to be paid in cash at closing, $55 million in CEDC shares to be issued to the seller and a deferred payment of euro 16 million to be paid on the first anniversary of the closing. The terms of the investment also include a call option for CEDC to acquire, subject to certain conditions, the remaining interests in the Whitehall Group on December 31, 2013, as well as a put option for the seller exercisable at the same price at the same time.
  

To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions

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