Dallas 5/14/2010 10:33:02 PM
News / Business

Stock Volume Buzzers after M&A (DD, BMS, CDTI, BSMD, NRG)

Stock Volume Buzzers

 

DuPont (NYSE: DD) today announced its intent to acquire a minority share in Changshu 3F Zhonghao New Chemical Materials Co., Ltd. (Zhonghao), pending completion of definitive agreements and securing appropriate Chinese government approvals. Shanghai 3F New Materials Co., Ltd., is the majority owner of Zhonghao.

 

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Bemis Company, Inc. (NYSE: BMS) today announced that its wholly owned Brazilian subsidiary intends to submit a tender offer for all outstanding publicly owned shares of Dixie Toga S.A.

 

Clean Diesel Technologies, Inc. (Nasdaq: CDTI) and Catalytic Solutions, Inc. announced today that they have entered into a definitive merger agreement. The proposed merger will combine the businesses of CDTI and CSI whereby CSI will become a wholly-owned subsidiary of CDTI. In exchange for their shares of CSI common stock, current security holders of CSI will receive shares of CDTI common stock and warrants to purchase CDTI common stock.

 

BioSphere Medical, Inc. (NASDAQ: BSMD) today reported that it has entered into an a definitive agreement and plan of merger with Merit Medical Systems, Inc. (NASDAQ: MMSI) and Merit BioAcquisition Co., a wholly-owned subsidiary of Merit Medical pursuant to which BioSphere Medical will merge with and into Merit BioAcquisition Co. in a cash transaction valued at approximately $96 million.

 

NRG Energy, Inc. (NYSE: NRG), through its NRG Thermal LLC subsidiary, has reached agreement with APS Energy Services Company, Inc., a subsidiary of Pinnacle West Capital Corp. (NYSE: PNW), to acquire its wholly owned subsidiary, Northwind Phoenix LLC.

 

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