Mergers and Acquisitions Recap: Nokia CHATTER, Chesapeake Energy DIVESTS
Chesapeake Energy’s (NYSE:CHK) assets in Chesapeake Midstream Partners (NYSE:CHKM) will be sold to Global Infrastructure Partners in three separate acquisitions for cash proceeds that should amount to more than $4 billion, and will allow the seller to decrease its previously budgeted capital expenditures by some $3 billion during the next three years. Following the transaction, CHKM affirms its earnings before interest, taxes and amortization guidance of $475 million for its fiscal year 2012, with expansion capital expenditures of $660 million and maintenance capital expenditures of $74 million.
Transportation information firm China TransInfo Technology (NASDAQ:CTFO) shares move up significantly on word that it has agreed to be acquired by TransCloud Co. at $5.80 per share in cash.
Unconfirmed chatter that Nokia (NYSE:NOK) might be on Samsung’s shopping list, send shares of the former up on Friday.
Shares of Walker & Dunlop (NYSE:WD) move up, following its acquisition of CWCapital for approximately $220 million. Both the buyer and the seller are commercial lenders that specialize in the apartment sector; this deal will set W&D as the second biggest multi-family lender in the U.S., where that sector is flying high.
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