Sterne Agee CRT Maintains Neutral After Pioneer Natural Resources (PXD) Announces Sale of Interest in Eagle Ford Shale Midstream
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Notable Mergers and Acquisitions 6/1: (ALTR)/(INTC) (APO)/(OMG) (EPD)/(PXD) (FGP)
June 1, 2015 9:50 AM EDT* Intel (Nasdaq: INTC) and Altera Corporation (Nasdaq: ALTR) announced a definitive agreement under which Intel would acquire Altera for $54 per share in an all-cash transaction valued at approximately $16.7 billion.
The acquisition will couple Intels leading-edge products and manufacturing process with Alteras leading field-programmable gate array (FPGA) technology. The combination is expected to enable new classes of products that meet customer needs in the data center and Internet of Things (IoT) market segments. Intel plans to offer Alteras FPGA products with Intel Xeon® processors as... More
Enterprise Products Partners (EPD) to Acquire EFS Midstream in $2.15B Deal
June 1, 2015 8:52 AM EDTEnterprise Products Partners (NYSE: EPD) announced it has executed definitive agreements to purchase all of the member interests in EFS Midstream LLC (EFS Midstream) from affiliates of Pioneer Natural Resources Company (NYSE: PXD) and Reliance Industries Limited (Reliance) for $2.15 billion. The purchase price will be paid in two installments with the first installment of $1.15 billion paid at closing and the final installment of $1.0 billion paid no later than the first anniversary of the closing date.
EFS Midstream provides gas gathering, treating,... More
