Wednesday, October 28, 2009

Quite Day for Mergers

Everyone must have been too busy watching the price action in the market to work on their mergers today.  

Merger news highlights:
  • Ligand Pharmaceuticals to buy Metabasis Therapeutics.  Pretty complicated, cash and Contingent Value Rights (CVRs) for several of Metabasis's drug development programs.  You'll have to track this one on your own as it is more complicated than I want to figure out.  If someone has a good method to value this one out let me know and I will add it.
  • Sprint files tender offer for iPCS, Inc. Offer to expire 11/25/09.
  • HSR expires for Avocent Corp and Emerson Electric deal.
  • American Securities completes its tender offer for shares of Gentek Inc.

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