4 Merger and Acquisitions Stock Stories Demanding Investor Attention
H.J. Heinz Company (NYSE: HNZ): Current price $72.30
In what could be a landmark deal in the history of the food industry, Heinz announced Thursday it will be purchased by an investment consortium comprised of Berkshire Hathaway (NYSE:BRKA) and 3G Capital. Through the terms, which were unanimously okayed by the board, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, which includes the assumption of Heinz outstanding debt.
Artio Global Investors (NYSE: ART): Current price $2.73
The firm announced that it will merge with Aberdeen Asset Management, a world wide asset management firm listed on the London Stock Exchange, pursuant to which Aberdeen will buy Artio Global for $2.75 in cash per share. The price marks a premium of roughly 34 percent over the close of February 13th and a windfall of around 37 percent over the average closing price of Artio Globals shares during the 30 trading days ending the same date.
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