Notable Mergers and Acquisitions of the Day 5/6: OTEX/VIGN, BVF/GSK, BORL - Street Insider

Sign Up | Log In | What is SocialPicks?

Please sign up for SocialPicks site access - it's free!

Notable Mergers and Acquisitions of the Day 5/6: OTEX/VIGN, BVF/GSK, BORL
May 06, 2009 02:09 PM UTC

Street Insider

Return	Risk
+10.66%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
OTEX	n/a
BVF	n/a
VIGN	n/a

Via StreetInsider.com News Articles:

Open Text Corporation (NASDAQ: OTEX) announced an agreement to acquire Vignette Corporation (NASDAQ: VIGN) for $8.00 in cash plus 0.1447 of an Open Text common share for every Vignette common share which equates to approximately US $12.70 at close of market on May 5, 2009.

This represents a premium of approximately 74% above the 30 trading day average closing price of Vignette's shares and approximately 41% above the most recent closing price. This values the transaction at approximately US $310 million.
Biovail (NYSE: BVF) announced today that it has entered into an agreement to acquire the U.S. commercialization rights to Wellbutrin

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.