Notable Mergers and Acquisitions of the Day 6/24 (CAT, MRY, FEED)

June 24, 2008 9:47 AM EDT

StreetInsider.com Notable Mergers and Acquisitions of the Day:


  • Caterpillar Inc. (NYSE: CAT), has reached an agreement to acquire all of the capital stock of MGE Equipamentos & Servicos Ferroviarios Ltda. MGE will become part of Caterpillar's Progress Rail Services Division. Terms of the deal were not disclosed.

  • Memry Corporation (AMEX: MRY) and SAES Getters S.p.A., Italian Group, today announced that they have agreed on a merger plan, which has been unanimously approved by the boards of directors of both companies.

    Under the terms of the agreement, the deal is valued at approximately $77.7 million. SAES Getters will acquire 100% of the equity of Memry Corporation. All Memry shareholders will be entitled to receive $2.51 in cash per share for each share of common stock. The price per share represents a premium of approximately 73% based on Memry's closing price as of June 23, 2008.

    The acquisition will be effected through a newly-formed Delaware company (wholly-owned subsidiary of SAES Getters International Luxembourg S.A.), which will be merged with and into Memry Corporation.

    The deal is expected to close in September 2008.

  • AgFeed Industries, Inc. (NASDAQ: FEED) today announced that it has acquired for cash 100% ownership of the largest premix feed company, Hainan Hopejia Feed Co., located in China's southern Hainan province. AgFeed expects the acquisition to be immediately accretive to 2008 earnings.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions


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CAT 58.97

+0.97 +1.67%
Volume: 4,805,240
Track CAT

FEED 5.09

-0.11 -2.12%
Volume: 2,179,524
Track FEED

MRY 2.51

+0.00 +0.00%
Volume: 338,282
Track MRY


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