Notable Mergers and Acquisitions of the Day 5/8 (BBY, ITW, CVP)
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- This morning, Best Buy Co. (NYSE: BBY) and The Carphone Warehouse announced plans to create a new company to accelerate the development of The Carphone Warehouse's retail proposition and to introduce Best Buy Stores across Europe.
Besy Buy will acquire 50% of The Carphone Warehouse Group PLC European and US Retail Interests for a cash consideration of GBP 1.1 Billion or $2.1 billion.
- Illinois Tool Works Inc. (NYSE: ITW) announced that an agreement has been reached with the Enodis plc Board of Directors on the terms of a recommended $2.1 billion cash offer to purchase the entire issued and to be issued ordinary share capital of Enodis. The transaction also includes the assumption of Enodis' net debt, which was $210 million as of September 30, 2007, bringing the total fair market value to $2.3 billion.
- Announced with its earnings release yesterday after the close, Centerplate (NYSE: CVP) said that it has retained UBS as a financial advisor to evaluate a range of capital structure and other alternatives.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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