Notable Mergers and Acquisitions of the Day: EBAY, CDCS Nov 6, 2009 10:33AM

eBay Inc. (NASDAQ: EBAY) today announced that the investor group led by Silver Lake, which had previously entered into a definitive agreement to acquire a majority stake in Skype from the company, has reached a settlement agreement with Joltid Limited and Joost N.V. that gives Skype ownership over all software previously licensed from Joltid and ends all litigation currently pending against the investor group and eBay at the closing of the acquisition.

As part of the settlement agreement, Joltid and Skype founders Niklas Zennstrom and Janus Friis will join the investor group, contributing Joltid software and making a significant capital investment in exchange for a 14 percent stake in Skype. As a result, Silver Lake and other investors including Andreessen Horowitz and the Canada Pension Plan Investment Board, will together hold 56 percent of Skype and eBay will retain 30 percent. As previously announced, eBay will receive approximately $1.9 ...


Notable Mergers and Acquisitions of the Day 11/5: AGU/CF, SNI, RX Nov 5, 2009 10:48AM

Agrium Inc. (NYSE: AGU) today announced that it is increasing its exchange offer to acquire all of the outstanding shares of CF Industries Holdings, Inc. (NYSE: CF) to $92.99 per CF share based on Agrium's closing stock price on November 4, 2009. Under the terms of this best and final offer, CF stockholders would receive $45.00 in cash, an increase of $5.00, or 12.5 percent, in the cash consideration, and one common share of Agrium for each CF share.

This offer provides a premium of over 67 percent to CF's closing price on February 24, 2009, the day before Agrium announced its initial proposal, and about ...


Notable Mergers and Acquisitions of the Day 11/4: TRA/CF, RHB, VCGH Nov 4, 2009 10:34AM

Terra Industries Inc. (NYSE: TRA) announced that its Board of Directors, with the advice of its financial and legal advisors, has carefully reviewed CF Industries Holdings, Inc.'s (NYSE: CF) latest proposal to acquire Terra for the equivalent of $24.50 in cash (which equals the net value of CF's announced offer of $32.00 that will be reduced by Terra's previously declared $7.50 per share special cash dividend) and 0.1034 of a share of CF common stock, and unanimously rejected it as inadequate, opportunistic and not in the best interests of Terra and its shareholders.

In rejecting CF's latest proposal, the Board considered a number of factors, including the following:

* CF's proposal significantly undervalues Terra's near term and long term prospects, as illustrated by the following:
o CF's November 2, 2009 presentation justifies its inadequate ...


Notable Mergers and Acquisitions of the Day 11/3: BRK.B/BNI, SWK/BDK, PEET/DDRX Nov 3, 2009 10:28AM

In a surprise move this morning, Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.a) (NYSE: BRK.B) has agreed to purchase Burlington Northern Santa Fe Corp. (NYSE: BNI) for a price tag of $44 billion, including $10 billion of outstanding BNSF debt. This is the largest acquisition ever by Buffet's company.

Berkshire Hathaway will pay $100 a share in the purchase of the railway company, excluding the 22 percent that Buffet's company already owns.

The deal will be primarily composed of Berkshire's "A" share, while the board also approved a 50-1 split of the Company's Class B common stock. On Monday the Berkshire "B" shares closed at $3,265, but after the split each share will be worth around $65.30, based on the current market price.

Shares of Burlington have been driven up by the news, up 29 percent in premarket movement.

"Our country's future prosperity depends on its ...


Notable Mergers and Acquisitions of the Day 11/2: CF/TRA, DNR/EAC, AMZN, CMCSA/GE, USB, LPS Nov 2, 2009 10:13AM

Late Sunday, CF Industries Holdings, Inc. (NYSE: CF) offered to acquire Terra Industries Inc. (NYSE: TRA) for $32.00 in cash and 0.1034 of a share of CF Industries common stock for each Terra share.

The offer has a value of $40.61 per share, based on Friday's closing price for CF Industries common stock. The offer, which is equivalent to a multiple of 7.1 times trailing 12-months EBITDA, represents a premium of 28% to Terra's closing price on Friday.

CF said Morgan Stanley has committed $2.5 billion to provide the funds required for the transaction.

Terra said they would review the new offer.

On Sunday, Denbury Resources Inc. (NYSE: DNR) announced plans to acquire Encore Acquisition Company (NYSE: EAC) in a transaction valued at approximately $4.5 billion, including the assumption of debt and the value of the minority interest in Encore Energy Partners LP (NYSE: ENP).


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Oct 30, 2009 09:53AM Notable Mergers and Acquisitions of the Day 10/30: CSCO, WPTE
Oct 28, 2009 10:25AM Notable Mergers and Acquisitions of the Day 10/28: F, GSIC, HAL
Oct 27, 2009 10:38AM Notable Mergers and Acquisitions of the Day: CSCO, BWY/BLL, RODM/BMRN
Oct 26, 2009 10:18AM Notable Mergers and Acquisitions of the Day 10/26: IGLD/SMLC, PLPC/TEL, ATI
Oct 23, 2009 11:42AM Notable Mergers and Acquisitions of the Day: MRK/SGP, SNS, CDCS
Oct 22, 2009 10:21AM Notable Mergers and Acquisitions of the Day: TLAB, RSCR
Oct 21, 2009 10:20AM Notable Mergers and Acquisitions of the Day 10/21: EFX, EPIC
Oct 20, 2009 10:34AM Notable Mergers and Acquisitions of the Day: MGM, MS/IVZ, MPS
Oct 19, 2009 10:52AM Notable Mergers and Acquisitions of the Day 10/19: S/IPCS, CME, AGU/TRA/CF
Oct 16, 2009 10:16AM Notable Mergers and Acquisitions of the Day 10/16: KFT/SLE/CBY, GE, IOC, ELOS,
Oct 16, 2009 10:12AM Notable Mergers and Acquisitions of the Day 10/16: KFT/SLE/CBY, GE, ELOS, IOC
Oct 15, 2009 10:23AM Notable Mergers and Acquisitions of the Day 10/15: PFE/WYE, VISN, OXGN
Oct 14, 2009 10:36AM Notable Mergers and Acquisitions of the Day 10/14: MHP, GWW/ACAS, LLY, HWAY
Oct 13, 2009 10:38AM Notable Mergers and Acquisitions of the Day 10/13: CSCO/STAR, URX, HCII/TCHC, SIGM
Oct 12, 2009 10:28AM Notable Mergers and Acquisitions of the Day 10/12: ABX, ONXX, SNEN
Oct 9, 2009 09:59AM Notable Mergers and Acquisitions of the Day 10/9: OXY/C, KMB/IFLO, SRZ
Oct 7, 2009 10:46AM Notable Mergers and Acquisitions of the Day 10/7: CIEN, CPWR, MERX
Oct 6, 2009 10:45AM Notable Mergers and Acquisitions of the Day 10/06: EMR/AVCT, SYKE/ICTG, NTRI/WMT, AMMD/CPTS
Oct 5, 2009 10:49AM Notable Mergers and Acquisitions of the Day 10/05: BRCD, OPTV, OEH
Oct 2, 2009 10:39AM Notable Mergers and Acquisitions of the Day 10/02: SBH, QLTI, PWR
Oct 1, 2009 11:00AM Notable Mergers and Acquisitions of the Day 10/01: PAG, CSCO, CMCSA
Sep 30, 2009 10:46AM Notable Mergers and Acquisitions of the Day 9/30: AMP/BAC, KFT/CBY, ORCL
Sep 29, 2009 11:20AM Notable Mergers and Acquisitions of the Day 9/29: SNR, PFE/WYE, CIR
Sep 28, 2009 10:08AM Notable Mergers and Acquisitions of the Day 9/28: XRX/ACS, ABT, COV/ASPM, PMRY
Sep 25, 2009 09:49AM Notable Mergers and Acquisitions of the Day 9/25: SLE, CBY/KFT, FTI
Sep 24, 2009 10:09AM Notable Mergers and Acquisitions of the Day 9/24: MSFT/ERTS, CLNE, ADBE/OMTR
Sep 23, 2009 10:15AM Notable Mergers and Acquisitions of the Day 9/23: SKYT, WCRX, WATG, QGEN
Sep 22, 2009 10:18AM Notable Mergers and Acquisitions of the Day 9/22: CBY/KFT, RTP, ATI, FACT/BIIB
Sep 21, 2009 10:37AM Notable Mergers and Acquisitions of the Day 9/21: DELL/PER, HK, IMA, BIIB/FACT
Sep 18, 2009 10:27AM Notable Mergers and Acquisitions of the Day 9/18: AER/GLS, HLTH, BPFH
Sep 17, 2009 10:16AM Notable Mergers and Acquisitions of the Day 9/17: AOS
Sep 16, 2009 10:51AM Notable Mergers and Acquisitions of the Day 9/16: ADBE/OMTR, GLW/ACAS, HSR
Sep 15, 2009 10:33AM Notable Mergers and Acquisitions of the Day 9/15: AIG, PLLL, SMSI
Sep 14, 2009 09:59AM Notable Mergers and Acquisitions of the Day 9/14: S/DT, CA, BABY
Sep 11, 2009 10:09AM Notable Mergers and Acquisitions of the Day 9/11: MHP, ABT
Sep 10, 2009 10:08AM Notable Mergers and Acquisitions of the Day 9/10: OMN/DOW, AMED, AGT
Sep 9, 2009 10:13AM Notable Mergers and Acquisitions of the Day 9/9: ELOS/CLZR, BIIB/FACT, MSCS
Sep 8, 2009 10:39AM Notable Mergers and Acquisitions of the Day 9/8: KFT/CBY, AIG, CHRT, FFH/ORH, ATHR/ITLN
Sep 4, 2009 10:01AM Notable Mergers and Acquisitions of the Day 9/4: MOG/GE, TONE
Sep 3, 2009 10:14AM Notable Mergers and Acquisitions of the Day 9/3: SEPR, ABT, JAVA/ORCL, TMO
Sep 2, 2009 10:06AM Notable Mergers and Acquisitions of the Day 9/2: MDZ/DHR, SUN, APD/MWE
Sep 1, 2009 09:58AM Notable Mergers and Acquisitions of the Day 9/1: EBAY, NICE, RTN, CF/TRA
Aug 31, 2009 10:07AM Notable Mergers and Acquisitions of the Day 8/31: DIS/MVL, BHI/BJS, KMP/XTEX
Aug 27, 2009 10:57AM Notable Mergers and Acquisitions of the Day 8/27: NYX/NYFX, TRCR, PCP
Aug 26, 2009 10:39AM Notable Mergers and Acquisitions of the Day 8/26: CF/TRA, ADSK
Aug 25, 2009 10:37AM Notable Mergers and Acquisitions of the Day 8/25: VRSN/SVR, YHOO, RATE
Aug 24, 2009 10:18AM Notable Mergers and Acquisitions of the Day 8/24: PG/WCRX, CHIC, TIBX
Aug 21, 2009 09:43AM Notable Mergers and Acquisitions of the Day 8/21: MNOV/AVGN, BMY/MEDX, ORCL/JAVA
Aug 20, 2009 09:57AM Notable Mergers and Acquisitions of the Day 8/20: UBS, MPAA
Aug 19, 2009 09:47AM Notable Mergers and Acquisitions of the Day 8/19: LNC, MENT/LGVN, NUTR
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