| To: Rarebird who wrote (4189) | 12/5/2016 10:33:12 AM | | From: richardred | | | | Congrats!
Consolidated Communications to buy FairPoint in $1.5 billion deal
ReutersDecember 5, 2016
(Reuters) - Consolidated Communications Holdings Inc said on Monday it would buy broadband service provider FairPoint Communications Inc in an all-stock deal valued at $1.5 billion, including debt.
Consolidated's acquisition of FairPoint marks the fifth such deal in the last two months as growing demand for data and video services drives companies to expand their fiber optic networks in newer regions.
The deal will help Consolidated expand into northern New England, adding about 17,000 fiber route miles in the region.
Shareholders of FairPoint will receive 0.73 shares of Consolidated for each share held.
finance.yahoo.com |
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| To: richardred who wrote (4316) | 12/8/2016 9:59:43 AM | | From: richardred | | | | Deal in the cloud space. Speculative fever in TDC gets upped IMO.
Synchronoss Tech To Acquire Intralinks In $821 Million Deal
By Ciara Linnane Published December 06, 2016 Markets MarketWatch Pulse
Synchronoss Technologies Inc. said Tuesday it has agreed to acquire cloud company Intralinks Holdings Inc. in a deal with an equity value of about $821 million. Synchronoss will pay $13 per Intralinks share in a deal expected to close late in the first quarter of 2017. Ron Hovsepian, chief executive of Intralinks, will become CEO of the combined company, with Synchronoss founder and current CEO Stephen Waldis taking the role of executive chairman of the board. "Together with Synchronoss, we believe we can deploy enhanced enterprise and mobile solutions to our customers while opening up new enterprise distribution channels across the world," Hovsepian said in a statement. Synchronoss is expecting the deal to have no impact on its fourth-quarter financials. It offered initial 2017 guidance of revenue of between $810 million and $820 million and pro forma EPS of $2.45 to $2.60. The company is targeting $40 million of combined synergies within the first year of closing. Intralinks shares were indicating higher premarket, while Synchronoss shares were halted. S&P 500 futures were up 0.3%.
foxbusiness.com |
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| To: richardred who wrote (4226) | 12/8/2016 10:35:01 AM | | From: richardred | | | | Sold SHLM weighted position today common & Leap calls. The 60% + gain on the common outweighs my guesstimate premium I was expected on any possible takeout bid.
Milestone for myself. The gain on the leap calls was the biggest I've ever made on an option trade. |
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