Notable Mergers and Acquisitions of the Day 9/5: MO/UST, SNDK, ABX
More News related to ABX
- Barrick Gold Commences Drilling at Columbus Gold's Utah Clipper Project, Battle Mountain Gold Trend, Nevada
- Barrick Gold (ABX) volatility Elevated at 86; Gold flat at $816
- Cross-Border Tax Dispute Holds Up Gold and Silver Project in South America, an Industrial Info News Alert
- Unusual 11 Mid-Day Movers 11/21: DISK, LGND, SOLR, AU Higher; BGP, BHS, FL, MED Lower
- Gold Jumps 7%, Closing In On $800/Oz
More News related to MO
- UST Inc. (UST) Shareholders Approve Acquisition by Altria Group (MO)
- UST Shareholders Approve Acquisition by Altria
- BullMarket.com Publishes Special High Yield Stock Report
- Altria (MO) Begins Job Cuts at Richmond, VA Facilities
- UST Inc (UST) Declares $0.63/Sh Qtr Dividend
More News related to PM
- Philip Morris International Inc. (PMI) Presents at Morgan Stanley Global Consumer & Retail Conference
- Peltz's Trian Partners Likes UltraShort Financials (SKF), Sells Out of Hansen (HANS) and PF Changs (PFCB)
- Philip Morris International Inc. (PMI) To Webcast Presentation at Morgan Stanley Global Consumer & Retail Conference
- Beacon Equity Issues Technical Trade Alerts on Recent Analyst Upgrades: ADI, YHOO, DISCA, GNTX, PM, OMX
- Citi Issues List of 50 Highest Dividend Yield Stocks (MIC, FLY, AYR, GCI, OMX, STI, More...)
More News related to Special Reports
- After-Hours Movers 12/05: Actuate (ACTU) Up On Higher Tender Offer, RF Micro (RFMD) Lower on Guidance
- Trading Radar for 12/05: Big Lots (BIG), Flow Int'l (FLOW), Blyth (BTH) Report; Nonfarm Payrolls, Unemployment Rate, Consumer Credit Due
- Unusual 11 Mid-Day Movers 12/04: DXCM, TLB, PRKR, PSS Higher; CRUS, DMND, ITWO, DDMX Lower
- Notable Analyst Rating Changes 12/04: AMZN, YRCW, GPN, TRI Upgraded; DMND, DOX, FMCN, ISIL Downgraded
- Morning Movers 12/04: Merck (MRK) Lower On Guidance, Amazon.com (AMZN) Higher On Upgrade
- According to reports from the New York Times, Altria Group (NYSE: MO) in in advanced talks to buy UST (NYSE: UST), people with close knowledge of the negotiations said. Terms of a deal could not be learned.
The article notes the deal could still fall apart, and would be Altria’s first major move since splitting off Philip Morris International (NYSE: PM) in March.
- SankDisk (Nasdaq: SNDK) issued a statement in response to rumors, Samsung Electronics is looking to acquire the company.
SankDisk said, "SanDisk periodically has conversations with multiple parties, including Samsung, regarding a variety of potential business opportunities. We evaluate all of these opportunities, but maintain a policy of not commenting on market rumors or speculation."
- Barrick Gold Corporation (NYSE: ABX) announced that approximately 56.1 million common shares of Cadence Energy Inc. have been taken up pursuant to Barrick's offer to acquire all of the outstanding shares of Cadence for $6.75 cash per share. These shares represent over 94% of the issued and outstanding common shares of Cadence. The Offer has now expired.
Barrick intends to enter into one or more transactions to enable Barrick to acquire the Cadence common shares not tendered to the Offer.
The acquisition of Cadence is a key component of Barrick's long term strategy to economically hedge oil exposure at lower rates than those available in the forward market.
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