Notable Mergers and Acquisitions of the Day 6/11 (SPSX, FCN, BA)

June 11, 2008 9:33 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:


  • LS Cable Ltd. and Superior Essex Inc. (NASDAQ: SPSX) today announced that they have signed a definitive agreement for LS Cable to acquire Superior Essex for $45 per share in cash, representing a 50% premium over Superior Essex's year-to-date average closing price. The per share value implies a total equity value of $900 million.

  • FTI Consulting, Inc. (NYSE: FCN) announced that is has signed a merger agreement to acquire Attenex Corporation, a leading eDiscovery software provider. The total purchase price for the transaction is approximately $88 million in cash and is expected to close in the third quarter of 2008 after expiration of the HSR waiting period. After amortization of intangibles, the acquisition is expected to be neutral to FTI's earnings per share in 2008 and accretive in 2009. Attenex had revenue of approximately $25 million in 2007.

  • Boeing (NYSE: BA) today announced that it has finalized the agreement to acquire Vought Aircraft Industries' interest in Global Aeronautica, LLC, which is a South Carolina-based fuselage sub-assembly facility for Boeing's newest airplane, the 787 Dreamliner.

    The deal makes Global Aeronautica a 50-50 joint venture between The Boeing Company and Alenia North America.

    Terms of the deal were not disclosed. Boeing said the transaction will not affect its current financial guidance.

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


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BA 50.74

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FCN 46.95

-0.02 -0.04%
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SPSX 45.00

+0.00 +0.00%
Volume: 0
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