The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday January 2 through Sunday January 4, 2014
Perfect World Reports Chairman’s Preliminary Non-Binding ‘Go-Private’ Offer of $20/ADS
Perfect World Co., Ltd. (NASDAQ: PWRD) announced Friday, that its board of directors has received a preliminary non-binding proposal from its founder and chairman, Mr. Michael Yufeng Chi, to acquire all of the outstanding shares of Perfect World he does not currently own, in a going private transaction for $20.00 per ADS ($4.00 per ordinary share) in cash.
Perfect World’s Board has formed a special committee of independent directors to consider the proposal.
Perfect World shares closed Friday at $19.25, up 22%.
Kindred Acquires Centerre Healthcare for $195M
Kindred Healthcare, Inc. (NYSE: KND) announced Friday, that it has completed the previously announced acquisition of Centerre Healthcare Corporation for approximately $195 million in cash.
Kindred Healthcare shares closed Friday at $17.77, down more than 2%.
Posted in 2015 Recap, Breaking news, Corporate Finance, emerging markets, Events, Finance
Tagged Cantel Medical Corp., Centerre Healthcare Corporation, Golden Networking, Inc., Kindred Healthcare, Ltd., Merger and Acquisition, Modern Finance Report, Mr. Michael Yufeng Chi, non-binding proposal, Perfect World Co., Pure Water Solutions
According to Yahoo Finance, in 2010, Metro-Goldwyn-Mayer, the storied Hollywood studio behind classics from The Wizard of Oz and James Bond to The Hobbit, filed for Chapter 11 bankruptcy protection. It was the classic victim of a leveraged buyout from a group including Providence Equity Partners and TPG Capital, alongside Sony and Comcast.
Now it is rumoured to be the target of another group of investors with a lot of capital in their pockets — this time the Chinese. Mainland companies such as Dalian Wanda and Fosun, a conglomerate, are both flush with cash. Dalian Wanda just went public in Hong Kong raising almost $4bn in the process and Fosun has access to the coffers of its Portuguese insurer among other sources of money.
Posted in 2015 Recap, Breaking news, China, Corporate Finance, Economy, emerging markets
Tagged Africa, China, Cnooc, Dalian Wanda and Fosun, Golden Networking, Hobbit, James Bond, Latin America, mainland firms, Merger and Acquisition, Metro-Goldwyn-Mayer, Modern Finance Report, Providence Equity Partners, Sony and Comcast, The Wizard of Oz, TPG Capital
Walgreen Co. and Alliance Boots GmbH today completed Step 2 of their strategic partnership to form Walgreens Boots Alliance, Inc. (Nasdaq:WBA), finalizing the two-step merger launched in 2012 to create the world’s first global pharmacy-led, health and wellbeing enterprise.
Under a reorganization merger agreement approved earlier this week by Walgreens shareholders, Walgreens is now a wholly owned subsidiary of Walgreens Boots Alliance, Inc. Existing shares of Walgreens common stock were converted automatically into shares of Walgreens Boots Alliance common stock on a one-for-one basis. Walgreens Boots Alliance common stock will trade on the Nasdaq stock exchange under the symbol WBA.
The new global enterprise combines Walgreens, the largest drugstore chain in the USA; Boots, the market leader in European retail pharmacy; and Alliance Healthcare, the leading international wholesaler and distributor. Together, Walgreens Boots Alliance spans more than 25* countries, with over 12,800* stores, over 370,000* employees and more than 340* pharmaceutical distribution centers serving more than 180,000† pharmacies and other points of care. The merger also brings together a unique brand portfolio of outstanding retail, wholesale, service and product brands, alongside the world’s largest pharmaceutical wholesale and distribution network. Walgreens Boots Alliance will be domiciled in the United States and headquartered in Deerfield, Ill.
Posted in 2015 Recap, Bond Market, Breaking news, Commodities, Corporate Finance, Economy, emerging markets, Events, Finance
Tagged Alliance Boots GmbH, Deerfield, global pharmacy-led, Golden Networking, Greg Wasson, health and wellbeing enterprise., Ill, Merger and Acquisition, Modern Finance Report, Nasdaq stock exchange, retail, service, Stefano Pessina, Walgreens, WBA, Wholesale