Announced Deals (Tue 29 April 2014) 1. Cirrus Logic (CRUS) is acquiring rival Wolfson Microelectronics (WLFMF) for £2.35 a share ($467M) in cash. 2. Alliant Techsystems (ATK) and Orbital Sciences (ORB) to form a $5B “merger of equals” to create a new global aerospace…
Merger Analysis
Charter shows its cards
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After Comcast and Time Warner Cable (TWC) announced that the two companies had agreed to merge in an $45 billion deal on 13th Feb 2014, Charter Communications, which has been pursuing a merger deal with Time Warner Cable for months…
Merger Rumors
Jos A. Bank & Men’s Wearhouse near merger deal
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Just reported from New York Times (New York Times Link) that the merger drama between Jos A. Bank and Men’s Wearhouse may finally be drawing curtains as the two parties are near a deal. The paper reported that a deal…
Merger Deals
Safeway agrees to $9B merger by Cerberus
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Private equity investment firm Cerberus had agreed to buy Safeway in a deal worth about $9 Billion as widely speculated these few days. Cerberus is expected to merge Safeway with Albertsons, another supermarket holding in their portfolio. The deal is…
Merger Analysis
How much is Safeway worth in a buyout?
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On 19th Feb 2014, Safeway’s (SWY) CEO signalled the intention of America’s 2nd biggest supermarket chain to sell itself and confirmed that the company is currently holding buyout talks. Sources named three private equity funds (Cerberus Capital Management, CVC Capital…
Merger Rumors
Supermarket chain Safeway confirms buyout talks
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Safeway Inc (SWY) CEO Robert Edwards confirmed in Wednesday’s earnings call that the second largest grocer chain in USA is holding talks with private equity funds regarding the sale of the business in an effort to satisfy increasing activists’ pressure…
Merger Analysis
Earn a potential 8.8% profit from Time Warner Cable merger arbitrage
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Comcast (CMCSA) and Time Warner Cable (TWC)’s share prices have taken a dip right after the enormous $45 Billion deal was announced last week on 13th Feb 2014. The last closing price on 19th Feb 2014 for Comcast was $51.57,…
Merger Deals
Comcast to buy TWC for about $159 in all stock deal
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In a somewhat surprising move, Comcast (CMCSA) had agreed to purchase Time Warner Cable (TWC) for about $159 per share. This came just one day after Charter Communications (CHTR) had nominated a full slate of 13 independent directors for TWC’s…
Merger Deals
Apollo to buy CEC for $54 per share
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The private equity bigwig made a $1.3b offer for CEC Entertainment. Apollo would pay $950 million in an all cash deal and it would also assuming the company’s debt. Apollo’s offer represents a premium of about 25% over CEC’s closing…
Merger Analysis
5 Reasons why Time Warner Cable investors are going to get $150 per share
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On 14th Jan 2014, cable company Charter Communications (NASDAQ: CHTR ) offered to buy Time Warner Cable (NYSE: TWC ) for $132.50 in cash and stock. I believe that there is a high probability the offer will be raised to…