Notable Mergers and Acquisitions of the Day 9/18: MS/WB, CEG, ATU
More News related to ATU
- KeyBanc Reiterates a 'Buy' Rating on Actuant (ATU); Raises PT & Estimates
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- Actuant Reports Fourth Quarter Results, Provides Fiscal 2010 Outlook
- Trading Radar for 9/29: Actuant (ATU), Lawson Software (LWSN), Xyratex (XRTX), Diamond Foods (DMND) Report; ADP Employment, GDP for Q2, Chicago PMI, Crude Inventories Due
- Actuant (ATU) Reclassifies Historical Results for Discontinued Operations; Reaffirms Q4 Outlook
More News related to CEG
- 2009 Business Expo Powered by Wind Energy from Constellation NewEnergy
- Constellation Energy Mourns the Passing of Former BGE Chief Executive and Board of Directors Member George V. McGowan
- Constellation Energy and EDF Group Complete Nuclear Joint Venture
- Baltimore Gas and Electric Company Declares Quarterly Dividend
- Constellation Energy Releases Statement Regarding the Company's Proposed Nuclear Joint Venture with EDF
More News related to MS
- Morgan Stanley Smith Barney Hosts Reception and Special Presentation with Wall Street Veteran Carla Harris
- Morgan Stanley Private Wealth Management Hires Team to Further Expand Coverage of Latin American Market
- PDL BioPharma Announces Closing of $300,000,000 Securitization Transaction
- Morgan Stanley Smith Barney Hosts Reception and Special Presentation with Wall Street Veteran Carla Harris
- Baird Names Denise Wypiszenski Chief Operating Officer of Private Wealth Management
More News related to Special Reports
- Trading Radar for 11/12: Wal-Mart (WMT), Blockbuster (BBI), Nordstrom (JWN), Walt Disney (DIS), Kohl's (KSS) Report
- Unusual 11 Mid-Day Movers 11/11: NCST, SMI, MSN, CHLN Higher; TONE, RHIE, CLWR, STV Lower
- Notable ETF Movers: XLF, XHM, AGQ, SGG Up; IEO, EWU, TBT Down
- Notable Analyst Rating Changes 11/11: SMI, TOL, SFD, MCHP Upgraded; PCLN, SNV, RHIE, ADBE, SIGM, HUM Downgraded
- Notable Mergers and Acquisitions of the Day 11/11: BIN/WSII, NCST/SNN, SYK/SURG, LOGI/LifeSize
- CNBC's Charle Gasparino said Morgan Stanley (NYSE: MS) is beginning official merger talks with Wachovia (NYSE: WB).
- Warren Buffett's MidAmerican Energy Holdings Company and Constellation Energy (NYSE: CEG) today announced the companies have reached a tentative agreement in which MidAmerican will purchase all of the outstanding shares of Constellation Energy for a cash consideration of approximately $4.7 billion, or $26.50 per share.
The companies expect to enter into a definitive merger agreement by close of business, Sept. 19. Upon signing a definitive merger agreement, Constellation Energy will issue $1 billion of preferred equity yielding 8% to MidAmerican.
The transaction is expected to close within nine months.
"MidAmerican has been a wonderful steward of its energy assets and the acquisition of Constellation Energy, when completed, will prove beneficial to all constituents," said Warren E. Buffett, chairman, Berkshire Hathaway.
Constellation closed at $24.77 yesterday.
- Actuant Corporation (NYSE: ATU) announced today the signing of a definitive agreement to acquire the stock of the Cortland Companies from an investor group lead by Cortec Group. The purchase is subject to customary regulatory approvals and closing conditions, and is expected to close within 30 days. Total consideration for the transaction is approximately $230 million which will be funded from the Company's cash and revolving credit facility.
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