Henry Schein, Radvision, Sunoco, Monster Win 52-Week Highs April 30th
Henry Schein (NASDAQ:HSIC): Henry Schein announced that it has increased its existing $400M private placement shelf facilities by an additional $375M. The company entered into or amended these shelf agreements with three leading insurance companies. These shelf facilities are uncommitted and will, subject to the terms and conditions set forth in each, allow the Company to issue senior promissory notes to the lenders at fixed rate terms to be agreed upon at the time of issuance during a three-year period through April 2015. The shares closed at $76.74, down $0.55 or 0.71% on the day. They have traded in a 52-week range of $58.50 to $77.36.
Monster Beverage (MNST): The Coca-Cola Company issued the following statement regarding media reports related to Monster Beverage Corporation: Coca-Cola has a distribution relationship with Monster in many markets, including the United States. Therefore, we are always in contact with Monster to maximize the value of our commercial arrangements. At this time, we are not in discussions to acquire the Monster Beverage Corporation. We continue to review the best ways to maximize the value of our relationship. The shares closed at $65.00, down $0.53 or 0.81% on the day. They have traded in a 52-week range of $30.755 to $65.94.
Radvision Ltd (NASDAQ:RVSN): RADVISION announced that at an Extraordinary General Meeting of Shareholders held today, its shareholders approved the terms and conditions of the previously announced acquisition of RADVISION by Avaya. The transaction is subject to certain closing conditions. Under Israeli law, at least 30 days must elapse after the approval of the acquisition by the shareholders of RADVISION before the acquisition may become effective. RADVISION and Avaya expect to complete the transaction during the second fiscal quarter of 2012. The shares closed at $11.78, up $0.01 or 0.08% on the day. They have traded in a 52-week range of $4.55 to $11.78.
Sunoco (NYSE:SUN): Energy Transfer and Sunoco (NYSE:SUN) announced that they have entered into a definitive merger agreement whereby ETP will acquire Sunoco in a unit and cash transaction valued at $50.13 per share, or a total consideration of approximately $5.3B, based on ETP’s closing price on April 27. The merger consideration, which consists of $25 in cash and 0.5245 of an ETP common unit, or approximately 50% cash and 50% ETP common units, represents a 29 percent premium to the 20-day average closing price of Sunoco shares as of April 27. By acquiring Sunoco, ETP will also own Sunoco’s general partner interest and the incentive distribution rights in Sunoco Logistics Partners (NYSE:SXL), as well as Sunoco’s 32.4% interest in Sunoco Logistics Partners’ limited partner units and Sunoco’s branded retail business, which generates additional stable cash flows from a portfolio of approximately 4,900 retail locations in the U.S. The shares closed at $49.29, up $8.38 or 20.48% on the day. They have traded in a 52-week range of $27.76 to $43.43.
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