Courtesy of Benzinga.
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 17, 2013:
Roper to Acquire Managed Health Care Associates for $1B in Cash
The Deal:
Roper Industries (NYSE: ROP) announced Wednesday that it has entered into a definitive agreement to acquire Managed Health Care Associates in a cash transaction valued at $1 billion. Completion of the transaction is expected within 30 days, subject to regulatory approval and customary closing conditions.
Roper Industries closed at $120.54 Wednesday and traded at $121.40 after-hours.
j2 Acquires Backup Connect BV
The Deal:
j2 Global (NASDAQ: JCOM) announced Wednesday that it has acquired Backup Connect BV, an online backup provider based in The Netherlands. Terms of the acquisition were not disclosed.
j2 Global closed at $38.34 Wednesday, a gain of $0.24 on average volume.
Omega Advisors’ Cooperman Says Dish Offer for Sprint Superior to Softbank Bid
The Comments:
Sprint (NYSE: S) shareholder, Omega Advisors Leon Cooperamn, said on Wednesday he believes Dish Network’s (NASDAQ: DISH) $25.5B offer is superior to that of Softbank. Cooperman said he is waiting for a response now from Softbank. Omega owns 1.86% of Sprint shares.
Sprint closed at $7.09 Wednesday, loss of $0.11 on almost average volume.
