The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday, July 17, 2017.
Washington Cos. to Acquire Dominion Diamond for $14.25/Share in Cash
The Deal:
Dominion Diamond Corp (NYSE: DDC) and The
Washington Companies have entered into an arrangement agreement under which an entity affiliated with Washington will acquire all
of Dominion's outstanding common shares for $14.25 per share in cash, for a total equity value of approximately $1.2 billion. The
transaction is expected to close in Q4 of 2017, subject to the approval of at least two-thirds of the votes cast at a special
meeting of Dominion shareholders.
Dominion Diamond closed at $14.07, up 59 cents.
Church & Dwight Acquire Waterpik for $1B Cash
The Deal:
Church & Dwight Co., Inc. (NYSE: CHD) has
signed a definitive agreement to acquire Water Pik, Inc. for approximately $1 billion in cash. The transaction is expected to close
in Q3 2017.
Church & Dwight closed at $53.33, up 71 cents.
Quidel to Acquire Alere Triage Assets for $400M Plus $40M in Contingent Consideration
The Deal:
Quidel Corporation (NASDAQ: QDEL) has
entered into definitive agreements to acquire the Triage business and the BNP business from Alere Inc. (NYSE:
ALR) for a total consideration of $400 million plus $40 million
in contingent consideration.
The businesses are being divested in order to obtain antitrust approvals for Abbott’s (NYSE: ABT) pending acquisition of Alere.
Quidel closed at $34.12, up $6.90.
BorgWarner to Acquire Sevcon for $22/Share in Cash
The Deal:
BorgWarner Inc. (NYSE: BWA) has entered
into a definitive agreement to acquire electrification technologies company Sevcon Inc (NASDAQ: SEV) for $22.00 per share in cash, for an enterprise value of approximately
$200 million. The transaction is expected to close in Q4 of 2017.
Sevcon closed at $21.73, up $8.13.
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