4 Merger and Acquisitions Stock Stories Ready for Weekend Due Dilligence
Kohlberg Kravis Roberts & Co. (NYSE:KKR): Current price $23.38
The private equity firm KKR & Co. is mulling the purchase of Macquarie Group Ltd.’s interest in Australian aged care provider The Regis Group Pty Ltd., according to inside sources on Friday. The firm operates as Regis Aged Care, and was formed in 2007 when the formerly-listed Macquarie Capital Alliance Group merged its Retirement Care Australia business with Regis Group, through a deal that valued RCA at A$220 million.
Packaging Corp. of America (NYSE:PKG): Current price $62.10
On Friday, Packaging Corp. reported the finalization of its tender offer to buy all outstanding shares of common stock of Boise Inc. at $12.55 per share in cash. The tender offer expired on Thursday at midnight Eastern Time. The buyer is the fourth biggest producer of containerboard and corrugated packaging products in the United States with sales of $2.8 billion lost year. The company operates four paper mills and 71 corrugated products plants in 26 states throughout the country.
RealPage, Inc. (NASDAQ: RP): Current price $25.43
The supplier of on-demand software and software-enabled services to the rental housing industry, announced Friday that it has purchased Windsor Compliance, which provides compliance monitoring services for the affordable housing industry. The deal will extend RealPage’s position as a provider of on-demand affordable housing software by becoming the first company in the United States to provide a suite of both critical software and services for the affordable housing industry. Financial terms were not mentioned in the press release.
Pioneer Natural Resources Co. (NYSE:PXD): Current price $212.41
Pioneer Natural Resources announced Friday that it will divest 100 percent of its equity in Pioneers subsidiary, Pioneer Natural Resources Alaska, Inc., to Caelus Energy Alaska LLC for cash proceeds of $550 million, subject to the usual closing adjustments. The transaction has an effective date of October 1 and should close by the end of 2013.
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