Notable Mergers and Acquisitions of the Day 6/30 (AWH/DR, DLM, NNDS/NWS)
More News related to AWH
- Allied World Assurance Company to Release Third Quarter 2008 Financial Results on November 6, 2008
- Allied World (AWH) Sees $55-$80M Loss from Gustav and Ike
- Allied World Provides Information on Recent Catastrophe Events
- Allied World Discloses Carrying Value of Investments in Lehman Brothers Senior Notes
- Allied World Appoints Frank D'Orazio Chief Underwriting Officer
More News related to DLM
- Longbow Upgrades Del Monte Foods (DLM) to Neutral
- Del Monte Foods Company Completes Sale of Seafood Business, Including StarKist, to Dongwon
- Del Monte Foods Company (DLM) Declares Dividend of $0.04 Per Share
- Del Monte Foods Company Declares Dividend of $0.04 Per Share
- Del Monte Foods Sponsors American Heart Association's 2008 Start! San Francisco Heart Walk
More News related to DR
- Darwin Enhances (i-bind) (R) Platform for Producers who can now Independently Manage a Multitude of Professional Liability Classes
- Darwin Announces Record Date For Stockholder Meeting on Proposed Merger with Allied World
- Darwin to Purchase Great American's Lawyers Professional Liability Business
- Darwin Professional Underwriters (DR) Tops Q2 View
- Darwin Professional Underwriters, Inc. Reports Second Quarter Net Income of $13.5 Million
More News related to Special Reports
- After-Hours Movers 10/13: Rackable Systems (RACK) Sinks On Guidance
- Trading Radar for 10/14: Intel (INTC), Johnson & Johnson (JNJ), Pepsi (PEP), CSX (CSX), Genentech (DNA) Report;
- Unusual 11 Mid-Day Movers 10/13: RRI, MS, APWR, GNW Higher; NWY, AXL, EEV, AFFX Lower
- Notable Analyst Rating Changes 10/13: STJ, AAPL, JBX, BBY Upgraded; DOW, WSM, NOK, NWY Downgraded
- Notable Mergers and Acquisitions of the Day 10/13: WFC/WB, MTU/MS, STD/SOV
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- Allied World Assurance Company Holdings, Ltd (NYSE: AWH) and Darwin Professional Underwriters, Inc. (NYSE: DR) announced a definitive merger agreement whereby Allied World would acquire Darwin.
Under the terms of the merger agreement, security holders of Darwin will receive approximately $550 million in cash, or $32.00 per share, in exchange for 100% of their interests in Darwin Professional Underwriters, Inc.
Darwin clsoed at $30.20 on Friday.
- Del Monte Foods Company (NYSE: DLM) entered into an agreement to sell its seafood business, including StarKist, to Dongwon for $363 million, subject to a working capital adjustment.
In fiscal 2008, the seafood business generated approximately $560 million of net sales and contributed approximately $0.12 (excludes impact from G&A overhead which will remain with Del Monte after the transaction) to earnings per share on a stand-alone basis.
The divestiture is expected to be -$0.03 dilutive to Del Monte's original F09 earnings per share from continuing operations guidance of $0.58-$0.62.
- Late Friday, NDS Group plc (Nasdaq: NNDS) confirmed it received a proposal from News Corporation (NYSE: NWS) and two newly incorporated companies formed by funds advised by Permira to acquire the shares not already owned.
Under the proposed deal, all issued NDS Series A ordinary shares, including shares represented by American Depositary Shares traded on NASDAQ, would be cancelled for per share consideration of $60 in cash.
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