Mergers & Acquisitions Cheat Sheet: EMI, AstraZeneca, and Foster’s at the Deal Table

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Tower Bancorp (NASDAQ:TOBC) shares skyrocketed 33% in pre-market trading after Susquehanna Bancshares (NASDAQ:SUSQ) announced late yesterday that it will acquire the Pennsylvania bank in a cash-and-stock deal valued at $343 million.

EMI is considering a sale, recapitalization, or IPO only four months after it was seized by Citigroup (NYSE:C) when its parent, Terra Firma, failed to pay its debts. Analysts expect EMI to be a hot sale or stock.

AstraZeneca (NYSE:AZN) is in talks to sell its Swedish healthcare and dental unit, Astra Tech, to Dentsply (NASDAQ:XRAY) in a sale that could bring in $1.8 billion. The two companies are in exclusive talks after Dentsply outbid all other interested parties.

Foster’s Group (PINK:FBRWY) rejected a $10 billion cash offer from SABMiller (PINK:SBMRY) this morning, but analysts expect SABMiller to come back with a higher bid. Foster’s has also been getting attention lately from Mexican brewer Modelo (MXK:GMODELOC) and Molson Coors (NYSE:TAP), who have sought a joint bid.

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