Marvel Entertainment Inc. (MVL), Walt Disney Co. (DIS) Premium offered: $0.50 or 0.99% Acquirer: DIS Target: MVL Offer per share: 0.745 share and $30.00 per share Value of offer per share: $50.61 Value of outstanding common equity securities: $3,972,119,883 Acquirer share price: $27.66 Target share price: $50.11 Expected closing: N/A Annualized gain: N/A Note: The children of late comic-book creator Jack Kirby are seeking to recapture the copyrights to the characters he created by as early as 2014. Control over the copyrights would grant them licensing rights, or at least a share of the profits the characters generate. Marvel shareholders were expected to vote on the deal Oct. 30. MPS Group Inc. (MPS), Adecco Group (Private) Premium offered: $0.25 or 1.85% Acquirer: Adecco Target: MPS Offer per share: $13.80 cash Value of outstanding common equity: $1,285,332,000 Target share price: $13.55 Acquirer share price: N/A Expected closing: First Quarter 2010 2/14/2010 Annualized gain: 6.54% Nyfix Inc. (NYFX), NYSE Euronext (NYX) Premium offered: $0.01 or 0.90% Acquirer: NYX Target: NYFX Offer per share: $1.68 cash Value of outstanding common equity: $65,861,000 Target share price: $1.66 Acquirer share price: $25.90 Expected closing: Fourth Quarter 11/15/2009 Annualized gain: 27.48% Note: Several law firms have opened an investigation into the Nyfix/NYSE Euronext merger after Wolf Haldenstein Adler Freeman & Herz LLP revealed its own inquiry into possible breaches of fiduciary duty by the board of Nyfix stemming from the deal. NYFX shareholders are expected to vote on the deal Nov. 3 as RiskMetrics recommends holders vote in favor of the acquisition. On2 Technologies Inc. (ONT), Google Inc. (GOOG) Premium offered: $0.01 or 1.88% Acquirer: GOOG Target: ONT Shares offered per share: 0.00111884 shares Value of offer per share: $0.60 Value of outstanding common equity: $105,306,000 GOOG share price: $536.27 ONT share price: $0.59 Expected closing: 4Q 2009 11/15/2009 Annualized gain: 55.04% Note: On2 shareholders file lawsuit against Google Aug. 10 claiming the deal's price tag is unfair. ONT settles some suits in Oct. Parallel Petroleum Corp. (PLLL), Apollo Global Management, LLC (Private) Premium offered: $0.01 or 0.32% Acquirer: Apollo Target: PLLL Offer per share: $3.15 cash Value of outstanding common equity: $131,197,500 Target share price: $3.14 Acquirer share price: N/A Expected closing: N/A Annualized gain: N/A Note: Under the terms of the deal, Apollo Global will assume or repay Parallel's $351M in debt and provide $283.2M in equity to complete the transaction. Apollo completed its tender offer Oct. 29, as expected, and said the following day it began an offer for $150M of senior notes. Parallel expects the change of control offer to expire Dec. 1. Patriot Capital Funding Inc. (PCAP), Prospect Capital Corp. (PSEC) Premium offered: $0.20 or 5.08% Acquirer: PSEC Target: PCAP Shares offered per share: 0.3992 share Value of offer per share: $4.12 Value of outstanding common equity: $86,314,000 Acquirer share price: $10.10 Target share price: $3.92 Expected closing: N/A Annualized gain: N/A Note: Prospect will pay off $110.5 million in debt from Patriot as part of the deal. PCAP holders will vote on merger Nov. 18. PepsiAmericas Inc. (PAS), PepsiCo Inc. (PEP) Premium offered: $0.23 or 0.80% Acquirer: PEP Target: PBG Offer per share: 0.2511 share and $14.25 per share Value of offer per share: $29.52 Value of outstanding common equity securities: $3,674,747,414 Acquirer share price: $60.83 Target share price: $29.29 Expected closing: Late 2009 or early 2010 12/31/2009 Annualized gain: 5.01% Note: Under the agreement, PAS shareholders have the option to select either $28.50 in cash or 0.5022 shares of PEP stock. EU approves the deal. Pepsi Bottling Group Inc. (PBG), PepsiCo Inc. (PEP) Premium offered: $0.32 or 0.86% Acquirer: PEP Target: PBG Offer per share: 0.3216 share and $18.25 per share Value of offer per share: $37.81 Value of outstanding common equity securities: $8,147,583,234 Acquirer share price: $60.83 Target share price: $37.49 Expected closing: Late 2009 or early 2010 12/31/2009 Annualized gain: 5.39% Note: Under the agreement, PBG shareholders have the option to select either $36.50 in cash or 0.6432 shares of PEP stock. EU approves deal. Perot Systems Corp. (PER), Dell Inc. (DELL) Premium offered: $0.03 or 0.10% Acquirer: DELL Target: PER Offer per share: $30.00 cash Value of outstanding common equity: $3,627,900,000 Target share price: $29.97 Acquirer share price: $14.39 Expected closing: Dell's Fiscal 4Q 12/16/2009 Annualized gain: 0.85% Note: PER shareholders launched a bid to stop DELL's bid for the IT services provider, alleging PER board and executives failed to maximize shareholder value and discouraged additional offers before the co reached the deal with DELL. However, DELL completes its tender offer for PER early Nov., expecting the deal to close shortly. Schering-Plough Corp. (SGP), Merck & Co. (MRK) Premium offered: $0.16 or 0.57% Acquirer: MRK Target: SGP Offer per share: 0.5767 share and $10.50 per share Value of offer per share: $28.47 Value of outstanding common equity securities: $45,551,955,200 Acquirer share price: $31.16 Target share price: $28.31 Expected closing: Year End 12/31/2009 Annualized gain: 3.56% Note: Merck and Schering Plough agreed last month to pay $41.5M to settle lawsuits related to the drugs associated with their cholesterol joint venture. Deal is approved by shareholders, the European Commission, the U.S. Federal Trade Commission and Swiss and Canadian authorities as Merck has already name its post-merger management team and directors. The FTC says for the merger to go through, Merk must divest its interest in Merial Ltd., an animal health joint venture wiht Sanofi-Aventis SA (SNY), while Schering-Plough must sell assets in nausea drugs for humans. Starent Networks Corp. (STAR), Cisco Systems Inc. (CSCO) Premium offered: $1.25 or 3.70% Acquirer: CSCO Target: STAR Offer per share: $35.00 cash Value of outstanding common equity: $2,504,250,000 Target share price: $33.75 Acquirer share price: $23.00 Expected closing: First Half 2010 4/1/2010 Annualized gain: 9.07% Sunair Services Corp. (SNR), Massey Services Inc. (Private) Premium offered: $0.08 or 3.00% Acquirer: Massey Services Target: SNR Offer per share: $2.75 cash Value of outstanding common equity: $27,995,000 Target share price: $2.67 Acquirer share price: N/A Expected closing: November 11/15/2009 Annualized gain: 91.14% Sun Microsystems Inc. (JAVA), Oracle Corp. (ORCL) Premium offered: $1.22 or 14.73% Acquirer: ORCL Target: JAVA Offer per share: $9.50 cash Value of outstanding common equity: $7,074,650,000 Target share price: $8.28 Acquirer share price: $21.14 Expected closing: NA Annualized gain: NA Note: The U.S. Justice Department cleared the way for Oracle's acquisition of Sun Microsystems about a month after Sun's shareholders approved the deal. The European Commission opened an antitrust investigation, citing "serious concerns" the deal will stymie competition, giving the commission until January to decide whether it will require concessions from Oracle in order to allow the deal to move forward. Oracle withdrew its application for antitrust clearance in Russia as authorities there were unwilling to clear the deal ahead of the European Commission. Switch & Data Facilities Co. (SDXC), Equinix Inc. (EQIX) Premium offered: $0.18 or 1.08% Acquirer: EQIX Target: SDXC Offer per share: 0.155272 share and $3.81 per share Value of offer per share: $17.06 Value of outstanding common equity securities: $1,665,979,102 Acquirer share price: $85.35 Target share price: $16.88 Expected closing: N/A Annualized gain: N/A Note: Under terms of the deal, SDXC shareholders will choose either 0.19409 share of EQIX stock or $19.06 in cash, with total consideration consisting of 80% EQIX stock and 20% cash. If holders of more than 80% of SDXC stock choose to receive EQIX stock or if holders of more than 20% SDXC stock choose to receive cash, the consideration will be pro-rated to achieve these proportions. For purposes of this table, the 80% stock/20% cash ratio is used. Trimeris Inc. (TRMS), Arigene Co. (067850.KQ) Premium offered: $0.04 or 1.12% Acquirer: Arigene Target: TRMS Offer per share: $3.60 cash Value of outstanding common equity: $80,460,000 Target share price: $3.56 Acquirer share price: N/A Expected closing: Fourth Quarter 11/15/2009 Annualized gain: 34.18% Note: Arigene starts tender offer for shares of TRMS late Oct. Varian Inc. (VARI), Agilent Technologies Inc. (A) Premium offered: $0.74 or 1.44% Acquirer: A Target: VARI Offer per share: $52.00 cash Value of outstanding common equity: $1,499,160,000 Target share price: $51.26 Expected closing: By Year End 12/31/2009 Annualized gain: 9.08% Note: Boards of both companies and VARI shareholders approve deal, but the Federal Trade Commission has asked for additional information about the deal. Cos settle lawsuit related to the merger. Virgin Mobile USA (VM), Sprint Nextel Corp (S) Premium offered: $0.03 or 0.82% Acquirer: S Target: VM Shares offered per VM share: 1.3668 shares Value of offer per share: $4.07 Value of outstanding common equity: N/A S share price: $2.98 VM share price: $4.04 Expected closing: 4Q 2009 or Early 2010 12/30/2009 Annualized gain: 5.20% Note: Sprint Nextel gets antitrust OK in late Aug. to acquire Virgin Mobile; the exchange ratio will be subject to a collar such that in no event will the exchange ratio be lower than 1.0630 or higher than 1.3668. The deal has
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