Monday, April 10, 2006
BWNG - DVW - CCOI Prime Takeover Candidates
Today stocks were seen as opening higher amid several mergers and acquisition announcements. Alcatel (ALA) put speculation to rest and says it will buy Lucent (LU) in a $3.45 billion deal, valuing LU shares at about $3.01 each. Also - Iconix (ICON) says it will buy Mossimo (MOSS) for $7.50 per share in cash and stock. Aztar (AZR) receives an offer from Ameristar Casinos (ASCA) at $42 per share in cash and Alderwoods Group (AWGI) will be bought by Service Corp (SCI) for $20 per share in cash. Lastly, General Motors (GM) rises on news it sold a 51% stake in GMAC.