Notable Mergers and Acquisitions of the Day 04/27: (INTU) (JAZZ) (IAG) (WCRX)
Get Alerts INTU Hot Sheet
Price: $367.00 +1.42%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.1%
Revenue Growth %: +12.6%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.1%
Revenue Growth %: +12.6%
Join SI Premium – FREE
- Intuit Inc. (Nasdaq: INTU) entered into a definitive agreement to purchase Demandforce, a San Francisco-based company that helps small- and medium-sized businesses (SMBs) thrive in the connected economy. Demandforce’s software as a service, or SaaS, application is used by thousands of small businesses to automate marketing and customer communications, build and maintain a strong online reputation and raise their profile with local consumers.
The cash transaction, valued at approximately $423.5 million, is expected to close in May 2012, subject to the expiration of applicable regulatory waiting periods and the satisfaction of other customary closing conditions. The transaction is expected to add one to two points to Intuit’s revenue growth in fiscal year 2013 and to be neutral to modestly dilutive for earnings per share in fiscal years 2012 and 2013.
- After the market closed Thursday, Jazz Pharmaceuticals plc (Nasdaq: JAZZ) said it signed a definitive agreement to acquire EUSA Pharma, a privately-held, specialty pharmaceutical company with headquarters in the United States and United Kingdom, for $650 million in cash and a potential $50 million milestone payable in cash based upon its lead product, Erwinaze (asparaginase Erwinia chrysanthemi), achieving a specified U.S. net sales target in 2013.
- IAMGOLD Corporation (NYSE: IAG) and Trelawney Mining and Exploration Inc. entered into a definitive agreement whereby IAMGOLD will acquire, through a plan of arrangement, all of the issued and outstanding common shares of Trelawney.
Under the terms of the Agreement, each Trelawney shareholder will receive $3.30 in cash for each Trelawney share held. The transaction price represents a 36.6% premium based on Trelawney's 20-day volume weighted average price for the period ending April 26, 2012.
- Warner Chilcott (Nasdaq: WCRX) is moving following word from the London Times Bayer could be ready to make a $32 per share bid for the company.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Walmart (WMT) PT Lowered to $130 at UBS on Investment Narrative's Competing Dynamics
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- CoStar Group acquires Zonda for $800M, adding new home data
Create E-mail Alert Related Categories
Special ReportsRelated Entities
Notable Mergers and Acquisitions, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share