Notable Mergers and Acquisitions of the Day 3/3: TNS/VRSN, FSLR, RSCR - Street Insider

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Notable Mergers and Acquisitions of the Day 3/3: TNS/VRSN, FSLR, RSCR
Mar 03, 2009 02:49 PM UTC

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Via StreetInsider.com News Articles:

TNS, Inc. (NYSE: TNS) has entered into a definitive agreement with VeriSign, Inc. (Nasdaq: VRSN) to acquire its Communication Services Group for $230 million in cash. The transaction is expected to be accretive to TNS' 2009 earnings upon close.

The boards of directors of both companies have approved the acquisition which is expected to close within the next 60 days, subject to customary regulatory approvals and the successful completion of financing.

The acquisition is planned to be financed through a combination of new financing of up to $250 million and cash on hand. TNS will also be required to amend its

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