Notable Mergers and Acquisitions

StreetInsider.com Notable Mergers and Acquisitions of the Day:
Johnson & Johnson (NYSE: JNJ) and Elan Corporation plc (NYSE: ELN) announced a definitive agreement whereby Johnson & Johnson will acquire substantially all of ...

Johnson & Johnson (NYSE: JNJ) and Cougar Biotechnology, Inc. (Nasdaq: CGRB) announced a definitive agreement whereby Cougar Biotechnology will be acquired for approximately $1.0 billion in a cash tender offer.

Under the terms of the agreement, Johnson & Johnson will initiate a tender offer, through a new wholly-owned subsidiary, to purchase all outstanding shares of Cougar Biotechnology at $43 per share.

Cougar Biotechnology closed at $36.98 yesterday.

Cougar Biotechnology is currently conducting two Phase III trials for abiraterone acetate, a late stage, first-in-class compound for the treatment of prostate cancer.

The NY Post reported that Playboy Enterprises (NYSE: PLA) is being quietly shopped around for ...

Merck & Co., Inc. (NYSE: MRK) and Schering-Plough Corporation (NYSE: SGP) announced a definitive merger agreement under which Merck and Schering-Plough will combine, under the name Merck, in a stock ...

EMS Technologies, Inc. (Nasdaq: ELMG) announced today that it has signed a definitive agreement to acquire Formation, Inc., a provider of airborne wireless network products that enable in-flight passenger communications with terrestrial and satellite networks. The acquisition would bolster EMS's aero-connectivity capabilities, enabling a far-reaching solution for passenger mobile access in the cabin.

EMS's purchase price for Formation is $40 million, with the acquired company having the ability to earn additional purchase price payments of up to $15 million based on its performance in ...

Johnson & Johnson (NYSE: JNJ) and Mentor Corporation (NYSE: MNT) announced a definitive agreement whereby Mentor will be acquired for approximately $1.07 billion in a cash tender offer. Under the terms of the agreement, Johnson & Johnson will commence a tender offer to purchase all outstanding shares of Mentor at $31.00 per share.

Shares of Mentor closed at $16.15 on Friday.

Mentor is expected to operate as a stand-alone business unit reporting through ETHICON, Inc., a Johnson & Johnson company and leading provider of suture, mesh and other products for a wide range of surgical procedures. The acquisition of Mentor will ...