Courtesy of Benzinga.
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday August 19, 2013:
Edwards Group to be Acquired by Atlas Copco Group for $10.50/Share
The Deal:
Edwards Group Limited (NASDAQ: EVAC) and Atlas Copco Group (OTC: ALTCY) announced Monday that Atlas Copco will acquire Edwards for up to $10.50 per share, which includes a fixed cash payment of $9.25 per share at closing and an additional payment of up to $1.25 per share post-closing, depending on Edwards’ achievement of 2013 revenue.
The deal is expected to close in Q1 2014.
Edwards Group closed at $10.00 Monday, a gain of 18% on 103 times average volume.
Zillow to Acquire StreetEasy for $50M in Cash
The Deal:
Zillow, Inc. (NASDAQ: Z) announced Monday it has agreed to acquire StreetEasy, the leading real estate website in New York City, for $50 million in cash. The deal is expected to close in the next few weeks.
Zillow closed at $84.71 Monday, a loss of 7% on 2.5 times average volume.
Analysts Still Expect Amgen to Acquire Onyx Pharmaceuticals
The Analyst Notes:
Shares of Onyx Pharmaceuticals (NASDAQ: ONXX) traded under $110 per share Monday afternoon on concerns the the potential for a deal with Amgen (NASDAQ: AMGN) was slipping away. Onyx shares hit a low of $108.40 on Wednesday before a Baird note was out stating that a deal would get done at $120 per share. ISI also had positive comments regarding Amgen’s interest in acquiring Onyx.
Onyx Pharmaceuticals closed at $110.99 Monday, a loss of 4% on twice average volume.
