StreetInsider.com Notable Mergers and Acquisitions of the Day 10/30
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In an amended 13D filing on Saks Incorporated (NYSE: SKS), Johannesson Jon Asgeir/Baugur disclosed an 8.5% stake (12,210,000 shares) in the company. Jon Asgeir noted that after purchasing the shares and becoming more familiar with the company, including through meetings with members of management, they determined that it would like to explore the possibility of making a proposal for the acquisition of the company. In addition, Baugur has consulted with financial and legal advisers and expects to hold discussions with Landmark and other third parties with respect to the financing of a possible acquisition.
McAfee, Inc. (NYSE: MFE) signed a definitive agreement to acquire the privately-held ScanAlert, Inc., creators of the fast-growing HACKER SAFE Web site security certification service, for approximately $51 million in cash up front and with an earn-out of up to an additional $24 million if certain performance targets are met.
Bradley Pharmaceuticals (NYSE: BDY) today announced it has reached a definitive merger agreement with Nycomed US Inc. Under the terms of the agreement, shares of Bradley will be converted into $20 per share in cash, a 25% premium from the closing price of $16 on October 29. The transaction implies a fully diluted equity value for Bradley of approximately $346 million.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
McAfee, Inc. (NYSE: MFE) signed a definitive agreement to acquire the privately-held ScanAlert, Inc., creators of the fast-growing HACKER SAFE Web site security certification service, for approximately $51 million in cash up front and with an earn-out of up to an additional $24 million if certain performance targets are met.
Bradley Pharmaceuticals (NYSE: BDY) today announced it has reached a definitive merger agreement with Nycomed US Inc. Under the terms of the agreement, shares of Bradley will be converted into $20 per share in cash, a 25% premium from the closing price of $16 on October 29. The transaction implies a fully diluted equity value for Bradley of approximately $346 million.
To see all the Mergers & Acquisitions for today in real-time go to http://www.streetinsider.com/Mergers+and+Acquisitions
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