Notable Mergers and Acquisitions of the Day 7/16 (CLF/ANR, CVG/INTV, ASYT)
More News related to ANR
- Levi & Korsinsky, LLP Announces Class Action Lawsuit Against Foundation Coal Holdings, Inc. -- FCL
- Alpha Natural Resources, Inc. Commences Consent Solicitation to Amend Indenture Governing Foundation PA Coal Company, LLC's Outstanding 7 1/4% Senior Notes Due 2014
- Alpha Natural Resources and Foundation Coal Holdings Announce Expiration of HSR Waiting Period for Proposed Merger
- Alpha Natural Resources and Foundation Coal Holdings Set Record Dates and Meeting Dates for Proposed Merger; Notice of Conversion Right for Alpha Convertible Senior Notes due 2015
- Alpha Natural Resources Awards Nearly $100,000 in First Round of High School Scholarship Initiative
More News related to ASYT
- Electroglas (EGLS) Appoints Warren C. Kocmond as CEO
- After-Hours Movers 2/3: SOLR, IKAN, BYI, ERTS, ILMN Higher; VASC, DIS, AJG, ANH, ASYT Lower
- Asyst Technologies (ASYT) Tops Q3 EPS by 6c, Guides Below for Q4
- Asyst Technologies (ASYT) Reports In-Line Q3 Loss of $0.15
- Asyst Technologies (ASYT) Appoints New COO and CFO
More News related to CLF
- Cliffs Natural Resources Inc. Provides North American Business Unit Update
- Dividend Increases At Record Low, Dividend Cuts Highest In Over 50 Years
- Merriman Curhan Initiates Coverage on Several Industrial Metals & Minerals Stocks
- Freewest Resources Completes $5.16 Million Private Placement to Cliffs Natural Resources Inc.
- Bank of America Starts Cliffs Natural Resources (CLF) at Buy
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- Cleveland-Cliffs Inc (NYSE: CLF) and Alpha Natural Resources, Inc. (NYSE: ANR) announced a definitive merger agreement under which Cleveland-Cliffs will acquire all outstanding shares of Alpha in a cash and stock transaction valued at approximately $10 billion.
Under the terms of the agreement, for each share of Alpha common stock, Alpha stockholders would receive 0.95 Cleveland-Cliffs common shares and $22.23 in cash. Based on Cleveland-Cliffs’ closing stock price on July 15, 2008, Alpha stockholders would receive $128.12 per share, which represents a premium of 35% to Alpha’s closing stock price on July 15, 2008.
- Convergys Corporation (NYSE: CVG) and Intervoice, Inc. (NASDAQ: INTV) approved a definitive merger agreement under which Convergys will acquire Intervoice for $335 million in cash or $8.25 per share.
- Asyst Technologies, Inc. (Nasdaq: ASYT) received an unsolicited letter from Aquest Systems Corp. expressing an interest in exploring a potential acquisition of Asyst for $6.50 in cash per share. Consistent with its fiduciary duties, Asyst's Board of Directors is reviewing the expression of interest in consultation with its financial and legal advisors.
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