Mergers & Acquisitions Cheat Sheet: Deutsche Boerse, BJ’s Wholesale, Melrose and More
Deutsche Boerse (PINK:DBOEY) and NYSE Euronext (NYSE:NYX) have asked the European Commission to approve their $10 billion merger. Normally approval takes 25 working days, but may take longer in this case, according to EU Commissioner Joaquin Almunia, who says the Commission will have to address competition concerns.
BJ’s Wholesale (NYSE:BJ) has accepted an acquisition offer from private equity firms Leonard Green & Partners and CVC Capital for $51.25 per share, or about $2.8 billion, a 6.6% premium on yesterday’s close price of $48.08. Leonard Green has been an active buyer in the retail sector over the last year, acquiring companies like Jo-Ann Stores, TPG Capital, and J. Crew.
U.K. firm Melrose (PINK:MLSPF) has made a £1.3 billion bid for tool and equipment maker Charter (PINK:CHITY). The £6.80 per share bid is a 30% premium over Charter’s last closing price.
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