Notable Mergers and Acquisitions of the Day 9/15: AIG, PLLL, SMSI
More News related to AIG
- American International Group (AIG), Greenberg and Smith Settle Disputes
- AIG, Greenberg and Smith Announce Resolution of All Disputes
- AIG, Greenberg and Smith to settle all disputes
- AIG's (AIG) Benmosche Reaffirms Commitment; Signs Non-Compete
- American International Group (AIG) Implementing Benmosche's Compensation Agreement
More News related to PLLL
- Apollo Successfully Completes Acquisition of Parallel Petroleum Corporation
- Parallel Petroleum Corporation Commences Change of Control Offer for Its 10 1/4% Senior Notes Due 2014
- Apollo Successfully Completes Tender Offer for Shares of Parallel Petroleum Corporation
- Parallel Petrol (PLLL) Announces Tender Offer Results and Subsequent Offering Period
- Apollo Successfully Completes Tender Offer for Shares of Parallel Petroleum Corporation and Announces Subsequent Offering Period
More News related to SMSI
- Barrack, Rodos & Bacine Announces an Investigation into Smith Micro Software, Inc.
- Smith Micro Software Launches StuffIt Deluxe 2010 for Windows Featuring New File Transfer Service
- Unusual 11 Mid-Day Movers 11/05: RX, FSYS, NWK, ROYL Higher; SMSI, ELMG, PL, CVS Lower
- CL King Downgrades Smith Micro Software (SMSI) to Neutral
- Morning Movers 11/05: ROYL, RX, FSYS, KAI, SANM Higher; SMSI, CVS, MBRK, INOD, PL, ARO Lower
More News related to Special Reports
- Top 10 News Items 11/23-11/27: Dubai Debt Fallout; Gold; GDP Revised Lower; Diedrich Coffee Bidding War
- Trading Radar for 11/30: Inergy Holdings (NRGP), Golar (GLNG), Omnivision (OVTI), Knightsbridge (VLCCF) Report
- Notable Mergers and Acquisitions of the Day for 11/27: F, S/IPCS, STAR/CSCO, HRAY
- Notable Analyst Rating Changes 11/27: TIF, QLTI Upgraded; FSNM, RGFC Downgraded
- Notable ETF Movers *Special Dubai World Edition* 11/27: UUP Higher; GAF, EEM, FXI, XLF Lower
- Investor Wilbur Ross is reportedly the leading bidder for mortgage insurer United Guaranty Inc., a unit of American International Group (NYSE: AIG), according to the American Banker. Wilbur Ross's W.L. Ross & Co. owns various mortgage insurance related assets and he could be looking to add this unit into the fold of the various mortgage companies he already owns.
The report said it wasn't known whether Ross is interested in bidding for all or part of the AIG unit or if he has partners for such an offer.
- Parallel Petroleum Corporation (NASDAQ: PLLL) entered into a definitive agreement for the Company to be acquired by an affiliate of Apollo Global Management, LLC, a leading global alternative asset manager, in a transaction valued at approximately $483 million, including the assumption or repayment of approximately $351 million of net indebtedness.
Under the terms of the agreement, Parallel stockholders would receive $3.15 per share in cash. Shares of Parallel Petroleum closed at $2.84 yesterday.
- Smith Micro Software, Inc. (NASDAQ: SMSI) announced the signing of an Agreement and Plan of Merger whereby Smith Micro will acquire Core Mobility. Core Mobility will survive as a wholly-owned subsidiary of Smith Micro. Consideration to be paid by Smith Micro for this transaction consists of $10 million cash and 700,000 shares of Smith Micro common stock. In addition, Core Mobility may have the ability to earn additional cash consideration in the form of an earn-out, contingent on achieving certain milestone deliverables for product development and deployment.
The transaction is subject to certain closing conditions and expected to be completed in the fourth quarter of 2009.
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