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LeCROY Corporation (NASDAQ:LCRY) will be purchased by defense equipment maker Teledyne (NYSE:TDY) for $240.5M, at $14.30 per share; this offer is a premium of more then 56% on LeCroy’s Friday close. According to Teledyne, “LeCroy will broaden our portfolio of analytical instrumentation businesses.” LeCroy shares are trading 55.8% higher today.
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Interline Brands Inc (NYSE:IBI) is entering into a definitive agreement to be taken over by affiliates of GS Capital Partners LP and P2 Capital Partners for $25.50/share in cash. This amount demonstrates a premium of around 42% relative to Interline’s May 25 closing stock price (the final trading day prior to the transaction announcement) and a 31% premium relative to the firm’s trailing 30-day average closing stock price. Interline shares are trading 39.86% higher today.
Sanderson Farms, Inc. (NASDAQ:SAFM): Elevated average sales prices of chicken along with heightened production drove site and company sales up for Sanderson Farms, although profits still are negatively impacted by relatively high feed prices, and prediction that grain costs will stay high and volatile. Company FQ2 EPS of $1.02 beats by $0.19, and revenue of $595M (+24% Y/Y) beats by $4M. Sanderson Farms shares are trading 2.23% lower today.
BancTrust Financial Group, Inc. (NASDAQ:BTFG): Signing of a definitive agreement has been reported by Trustmark and BancTrust Financial Group, in which the former will absorb the latter. BancTrust has 49 Alabama and northern Florida offices, with $1.8B in deposits and $1.3B in loans as of March 31. On a price on $24.99 per share of Trustmark common stock, the deal is valued at around $55.4M, or $3.08 per share of BancTrust common stock. Shares of BancTrust are trading 56.84% higher today.
IsoRay’s (AMEX:ISR) Cesium-131 brachytherapy treatment for localized prostate cancer is being featured by the Discovery Channel, as Discovery Channel Chief Medical Expert John Whyte spoke with UPMC urologist Dr. Ronald Benoit regarding the benefits of using Cesium-131 rather than traditional isotopes. IsoRay shares are trading higher by 16.67% today.
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