A Quick Roundup Of All The Deal Activity Announced This Morning


Photo: Wikimedia Commons

It’s Monday, and there are a decent number of notable deals out there today.

  • The big ones: VF Corp — the big maker of jeans and other clothes — is buying boots maker Timberland, for about $2 billion net of cash. The $43/share takeout price represents¬† premium of over 42% to Friday’s closing price. Good for them.
  • Wendy’s is selling its Arby’s unit to PE firm Roark Capital for $130 million. Between the assumption of debt, however, and the tax benefit, the deal will create $430 million of value for Wendy’s shareholders.
  • Separately, Roark Capital is buying a sandwich company.
  • defence company Honeywell is acquiring mobile networking company EMS Technology for $491 million.
  • Gerber scientific is selling to Vector Capital for $11/share.

For more on what’s happening this morning, see here >

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