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WellPoint (NYSE:WLP) will acquire Amerigroup (NYSE:AGP) at $92 per share for cash, in a transaction valued close to $4.9 billion. The price represents a 43 percent premium on the Fridays close, with the acquisition to close in the first quarter of 2013. The transaction should close in the first quarter of 2013 and is subject to the customary state regulatory approvals and standard closing conditions. The purchase is expected to be accretive to WellPoint’s earnings per share next year, including one-time transaction and integration costs. Accretion is projected to jump in 2014 and be higher than $1.00 per share by 2015. WellPoint has not altered its 2012 earnings per share guidance for this transaction. Shares closed up 38 percent on the day at $88.79, having been traded the last 52 weeks between $37.57 and $75.18.
Antares Pharma’s (NASDAQ:ATRS) share strength is attributed to a Seeking Alpha blog mention. Shares closed up 11.97 percent on the day at $4.77, having traded between $1.51 and $4.28 the last 52 weeks.
Elster Group SE’s (NYSE:ELT) entire issued ordinary stock shareholders have received a tender offer from Mintford AG, a wholly owned subsidiary of Melrose PLC. Elster ADS holders will obtain $20.50 per Elster ADS, while Elster shareholders will get $82 per Elster ordinary share not otherwise represented by ADSs which are tendered to Mintford AG. The $20.50 per Elster ADS to be offered pursuant to the tender offer represents a windfall of about 48.6 percent to the closing price of an Elster ADS on June 11th, the last business day prior to speculation that Rembrandt Holdings S.A., Elster’s majority shareholder, was mulling the divestiture of its Elster holding, and a premium of around 44.3 percent to the average price of an Elster ADS in the six months ending on June 11. The tender offer was initiated subsequent to the June 29th announcement by Melrose and Elster regarding the signing of a definitive investment agreement. Shares closed up 0.34 percent on the day at $20.47, having traded between $11.52 to $20.40 the past 52 weeks.
Fiesta Restaurant Group (NASDAQ:FRGI) received a 10.4 percent passive investment by Morgan Stanley. Shares closed up 1.11 percent on the day at $14.53, having traded between $10.95 and $14.56 the past 52 weeks.
All shares of FX Alliance Inc. (FX) will be purchased by Thomson Reuters (NYSE:TRI), for $22 per share in cash. Terms of the deal require the buyer to initiate a tender offer in the near term, that is subject to the usual regulatory approvals; FX’s board has unanimously recommended that all shareholders tender their shares into the offer, which is expected to close in the third quarter. FXall (FX), is the top independent worldwide supplier of electronic foreign exchange trading methodologies to corporations and asset managers. Shares closed up 39.87 percent on the day at $21.96, having traded between $13.00 and $18.72 in a 52-week range.
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