Notable Mergers and Acquisitions of the Day 7/3 (PENN, NSTR, CGNX)
More News related to CGNX
- Largest Automation Supplier in Japan Chooses Cognex as Its Exclusive Vision Partner
- Cognex Receives Over $300,000 from Leading Auto Maker for Part Traceability Initiative
- Matrix USA Rating Changes 7/30
- Pre-Open Movers 7/29: U.S. Steel (X) Up on Strong Results; Zoran (ZRAN) Lower on Results/Guidance
- After-Hours Movers 7/28: Merrill (MER) Up After Massive Capital Raise; Cognex (CGNX) Sinks On Guidance
More News related to FIG
- ARGUS Initiates Coverage on Fortress Investment Group (FIG) with a Buy, But Rates BX and OZM as Top Picks
- Citi Reiterates Its Sell Rating On Fortress (FIG) After It Reported Earnings
- Fortress Investment Group (FIG) Reports Q2 Loss of $0.67
- Fortress Reports Second Quarter 2008 Financial Results
- Notable Analyst Rating Changes 8/5: AIG, CREE, WBD Upgraded; NT, FIG, RACK Downgraded
More News related to NSTR
- Northstar Neuroscience Announces Management Promotion
- Northstar Neuroscience, Inc. Announces Revisions to its Strategic Plan and Reports Financial Results for the Second Quarter of 2008
- Northstar Neuroscience Schedules Second Quarter 2008 Earnings Release and Conference Call for Thursday, July 31, 2008; Acknowledges Letter from RA Capital Management
- Vertos Medical Inc. Completes Series C Financing
- RA Capital Biotech Fund, LP Urges Board of Northstar Neuroscience, Inc. to Maximize Value to Shareholders by Reducing Expenses and Either Finding a Buyer or Making a Cash Distribution
StreetInsider.com Notable Mergers and Acquisitions of the Day:
- Penn National Gaming, Inc. (Nasdaq: PENN) confirmed that it has entered into an agreement with Fortress Investment Group LLC (NYSE: FIG) and Centerbridge Partners, L.P. to terminate the proposed merger agreement whereby Penn National Gaming was to be acquired by PNG Acquisition Company for $67.00 per share.
In connection with the termination of the merger agreement, Penn National Gaming will receive $1.475 billion, which will consist of a $225 million cash termination fee and the purchase of $1.25 billion of Penn National Gaming's redeemable preferred equity due 2015, by affiliates of Fortress, affiliates of Centerbridge, affiliates of Wachovia, and affiliates of Deutsche Bank.
- Responding to an unsolicited proposal from Tang Capital Partners for $2.25 per share, Northstar Neuroscience, Inc., (NASDAQ: NSTR) today announced that its Board will review and consider the offer consistent with its fiduciary duties. The Company also announced that the Board has engaged Leerink Swann to assist in the evaluation of strategic alternatives.
- Cognex Corporation (NASDAQ: CGNX) announced that it has sold its lane departure warning business (LDW) to TK Holdings Inc. (Takata Corporation Group), a leading supplier of automotive safety systems based in Tokyo, Japan. Under the terms of the deal, Takata has acquired all of the assets of the LDW business for $3.15 million in cash.
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