Dallas 4/29/2010 10:47:46 PM
News / Business

Stock Newsletter on Notable Merger & Acquisition (MTN, SYMC, MDT, FPO, APSG)

Stock Newsletter

Vail Resorts, Inc. (NYSE: MTN) is purchasing the remaining 30-percent interest in its majority-owned retail joint venture, SSI Venture LLC known as Specialty Sports Venture (SSV), held by affiliated entities of Tom and Ken Gart, for total consideration of $31 million.

 

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Symantec Corp. (NASDAQ: SYMC) today announced it has signed definitive agreements to acquire PGP Corporation and GuardianEdge Technologies, Inc., two privately-held leaders in the email and data encryption market, which will extend its ability to help customers secure and manage their most critical information. Under the terms of the agreements, Symantec will acquire PGP Corporation for a purchase price of approximately $300 million in cash and GuardianEdge for a purchase price of approximately $70 million in cash. The agreements are subject to customary closing conditions, including regulatory approvals, and are expected to close during the June quarter.

 

Medtronic, Inc. (NYSE: MDT) and ATS Medical, Inc. (NASDAQ: ATSI) announced that the companies have signed a definitive agreement under which Medtronic will acquire ATS Medical by paying $4.00 per share in cash for each share of ATS Medical stock.

 

First Potomac Realty Trust (NYSE: FPO) announced that it acquired Three Flint Hill, in Fairfax County, Virginia. The eight-story, 174,000-square-foot office building was acquired for $13.6 million, or approximately $78 per square foot.

 

Applied Signal Technology, Inc. (Nasdaq: APSG) today announced that it has completed the acquisition of Seismic LLC, a privately-held company that specializes in cyber security solutions, software engineering, data management, and systems engineering and integration services for the U.S. Department of Defense and Intelligence Community.

 

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