Mergers and Acquisitions Recap: Duke and Progress Energy MERGER, SBA Mobile Tower PURCHASE
It looks like a July 1st merger date for Duke Energy (NYSE:DUK) and Progress Energy (NYSE:PGN), as the firms announced Monday that they have agreed to the conditions required by Federal regulators. If it goes through, the value of the merger is believed to be about $13.7 billion.
SBA Communications (NASDAQ:SBAC) intends to purchase 3,252 mobile phone tower sites in the United States and Puerto Rico, from private equity TowerCo at a price of approximately $1.45 billion, of which $1.2 billion will be in cash with the remainder in shares.
Shares of News Corp. (NASDAQ:NWSA) move up substantially Tuesday, on chatter that company could soon be split in two. Rupert Murdoch might be contemplating such a move, says Ian Whittaker of Liberum Capital, so that News Corp. freed of its publishing unit, could make another go at British Sky Broadcasting (BSYBY.PK),
Don’t Miss: Will News Corp SPLIT?
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