Dallas, Tx 4/12/2010 10:26:07 PM
News / Business

Top Traded Stocks (DCP, MIR, RRI, MasterCard )

Traded Stocks

 

DynCorp International Inc. (NYSE:DCP) soared 48.26% to $17.42 after it said it'll go private in a $1.5 billion deal with Cerberus Capital Management L.P. Cerberus will pay $17.55 a share in cash for the military contractor. The deal represents a premium of $5.80 a share, or 49%, over DynCorp's closing price of $11.75 a share on Friday. Cerberus said it lined up financing from Bank of America, Citigroup, Barclays and Deutsche Bank Securities.

 

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Mirant Corporation (NYSE:MIR) and RRI Energy, Inc. (NYSE:RRI) agreed to an all-stock, tax-free merger, creating a company with electricity-generating assets nationwide. The new company, to be called GenOn Energy, will have a pro-forma market capitalization of $3.1 billion and 24,700 megawatts of electric-generating capability. Under the terms, Mirant shareholders will own 54% of the new company and RRI holders get 46%.

 

MasterCard Incorporated (NYSE:MA) named Ajay Banga, 50, as president and chief executive officer, effective July 1. Banga currently works as the credit card firm's president and chief operating officer. Banga has become a member of MasterCard's board of directors, effective immediately. CEO Robert Selander, will become executive vice chairman and continue to serve as a member of the company's board. He will retire on Dec. 31, 2010.

 

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