M&A Madness! These Companies are Ending 2010 with a Treat

In a Mixed Bag economy we must pay attention to the crappy real estate market, EU debt crisis, unemployment, and municipal bond defaults. However, we also have to keep track of corporate revenues, industrial output, and deal activity.

Today marks somewhat of a crescendo of mergers and acquisitions which appear to be racing to close before 2011. Let’s take a look at today’s M&A Madness:

  1. Toronto-Dominion Bank (NYSE:TD) confirmed a deal to buy Chrysler Financial for $6.3 billion.
  2. Royal DSM (PINK:RDSMY) — the world’s largest maker of vitamins — will buy nutrition supplier Martek Biosciences (NASDAQ:MATK) for $1.09 billion (a 35% premium to Martek’s closing price).
  3. Alpha Natural Resources (NYSE:ANR) is bidding for rival Massey Energy (NYSE:MEE).
  4. Rio Tinto (NYSE:RIO) has made a higher offer for Australian rival Riversdale Mining at ~$3.75 billion.
  5. Constellation Brands (NYSE:STZ) is selling its non-U.S. wine portfolio to an undisclosed buyer for ~$300 million to $400 million.
  6. Advantest (NYSE:ATE) is in merger talks with rival semiconductor test systems maker Verigy (NASDAQ:VRGY) as an attempt to break up Verigy’s proposed merger with LTX-Credence (NASDAQ:LTXC).

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