Notable Mergers and Acquisitions of the Day 9/14: S/DT, CA, BABY
- Shares of Sprint Netxel (NYSE: S) are higher in early trading on reports from the the Sunday Telegraph that Deutsche Telekom (NYSE: DT) is considering a bid for the U.S. wireless company.
The paper reported that Deutsche Telekom could submit a bid for Sprint within the next few weeks.
- CA, Inc. (Nasdaq: CA) announced that it has signed a definitive agreement to acquire privately-held NetQoS Inc. for $200 million.
"CA offers the industry's strongest and most complete service assurance and delivery portfolio," said Ajei Gopal, executive vice president of CA's Products and Technology Group. "With the addition of the NetQoS network flow monitoring, unified communications management, and response time analytic network solutions, CA will further strengthen its ability to help enterprise IT organizations and service providers deliver reliable, flexible and cost-effective IT and business services."
- Natus Medical Incorporated (Nasdaq: BABY) entered into an agreement to acquire Alpine Biomed Holdings Corp in a transaction that is expected to close today.
Alpine Biomed, with corporate headquarters in Fountain Valley, California, is a leader in the development, manufacturing, and sales of devices for the diagnosis of neurological disorders.
Natus acquired all outstanding shares of Alpine Biomed capital stock for $43.2 million in cash, exclusive of direct costs of the acquisition. Alpine reported revenue of approximately $35 million in the twelve months ended June 30, 2009 through the neurology product divisions acquired by Natus; however, due to cross selling of Alpine and Natus products, Natus believes that third-party revenue was approximately $33 million during the period.
Natus believes the acquisition will be accretive to earnings in the fourth quarter of 2009, exclusive of potential restructuring and other one-time charges.
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