Loral Space & Communications (NASDAQ:LORL) is divesting its satellite manufacturing division Space Systems/Loral to Canada’s MacDonald, Dettwiler & Associates, at a price tag of $875 million. In addition, the former should receive dividends and other payments from the buyer, amounting to more than $135 million, as it expects to use the proceeds to return cash to shareholders. As a result of the announcement, shares of LORL pop, as do shares of the buyer in Toronto.
Shares of Anheuser-Busch InBev (NYSE:BUD) climb due to the ripple effect of its proposed purchase of Grupo Modelo filters through the market. The acquisition has not been finalized yet, and if BUD fails to (or refuses to) win regulator approval by divesting its long held Busch, Busch Light, and Natural Light brands, there is always SABMiller (SBMRY.PK) standing by, which is also rumored to be a takeover target, as is Monster Beverage (NASDAQ:MNST).
Time Warner (NYSE:TWX) seems set to purchase the sports blog Bleacher Report, which should generate approximately $40 million in sales in 2012. That revenue figure should make the reported price tag of around $200 million seem sweet to TWX investors, if compared to other Internet deals that go down without revenue seeming to be an important criterion.
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