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Mergers and Acquisitions for Monday
 By CommScan
Monday, June 28, 1999 12:00 PM ET
Ann Date Expected Transaction Acquiror Full Name Acquiror Specific Industry Group Target Full Name Target Specific Industry Group Synopsis
Closing Value (mm)
Date
/27/1998 Apr 1999 4,333.40 CHANCELLOR MEDIA TELECOMMUNICATIONS-RADIO/TV BROADCASTING CAPSTAR TELECOMMUNICATIONS-RADIO/TV ON AUGUST 27, 1998,
CORP. BROADCASTING BROADCASTING CHANCELLOR MEDIA ANNOUNCED
CORP. THAT IT AGREED TO ACQUIRE
CAPSTAR. CAPSTAR
SHAREHOLDERS WILL RECEIVE
0.48 SHARES IN CHANCELLOR
FOR EACH CAPSTAR SHARE.
BASED CHANCELLOR'S $44.75
CLOSING PRICE ON 8/26/98,
CAPSTAR IS BEING VALUED AT
$21.48 PER SHARE IN STOCK
OR AN AGGREGATE $2.3 BLN.
THE COMPANY WILL ALSO
ASSUME APPROX. $1.6 BLN OF
CAPSTAR DEBT AND $391 MLN
OF PREFERRED STOCK.
/27/1998 1,828.12 FRAMATOME CONNECTORS DIVERSIFIED OPERATIONS-CONGLOMERATES BERG ELECTRONICS COMPUTERS & ELECTRONICS-COMPONENTS ON AUGUST 27, 1998,
FRANCE, SA INC. FRAMATOME ANNOUNCED THAT
IT HAD AGREED TO ACQUIRE
BERG FOR $35 PER SHARE IN
CASH OR AN AGGREGATE $1.44
BLN. FRAMATOME WILL ALSO
ASSUME $382 MLN OF BERG
DEBT.
/27/1998 Jan 1999 688.07 BB&T CORP. FINANCE-COMMERCIAL BANKS MAINSTREET FINANCE-COMMERCIAL BANKS ON AUGUST 27, 1998, BB&T
FINANCIAL CORP. ANNOUNCED THAT IT HAD
AGREED TO ACQUIRE
MAINSTREET. MAINSTREET
SHAREHOLDERS WILL RECEIVE
1.18 SHARES IN BB&T FOR
EACH MAINSTREET SHARE.
BASED ON MAINSTREET'S
$32.1875 CLOSING PRICE ON
8/26/98, BB&T IS BEING
VALUED AT $37.98 PER SHARE
IN STOCK OR AN AGGREGATE
$536 MLN. BB&T WILL ALSO
ASSUME APPROX. $152 MLN OF
MAINSTREET DEBT.
/27/1998 151.25 CBL & ASSOCIATES REAL ESTATE-REIT SAMUELS & REAL ESTATE-DEVELOPMENT ON AUGUST 27, 1998, CBL
PROPERTIES, INC. ASSOCIATES, INC. ANNOUNCED THAT IT HAD
(MERIDIAN MALL IN ACQUIRED THE MERIDIAN MALL
MI; JANESVILLE IN LANSING, MI AND THE
MALL IN WI) JANESVILLE MALL IN
JANESVILLE, WI FROM
SAMUELS. CBL ISSUED OP
UNITS AT $25 PER SHARE
CONVERTIBLE INTO 2.118 MLN
SHARES OF COMMON STOCK.
BASED ON CBL'S $25.5625
CLOSING PRICE ON 8/26/98,
THE OP UNITS ARE VALUED AT
$54 MLN. CBL WILL ALSO
ASSUME $97 MLN OF DEBT.
/27/1998 108.00 SNYDER COMMUNICATIONS PROFESSIONAL CLINICAL PROFESSIONAL ON AUGUST 27, 1998, SNYDER
INC. SERVICES-ADVERTISING/MARKETING COMMUNICATIONS SERVICES-ADVERTISING/MARKETING ANNOUNCED THAT IT HAD
GROUP AGREED TO ACQUIRE CLINICAL
COMMUNICATIONS FOR $108
MLN IN STOCK.
/27/1998 Oct 1998 93.41 SALTON / MAXIM COMPUTERS & ELECTRONICS-HOUSEHOLD TOASTMASTER INC. COMPUTERS & ELECTRONICS-HOUSEHOLD ON AUGUST 27, 1998,
HOUSEWARES INC. APPLIANCES APPLIANCES SALTON/MAXIM ANNOUNCED
THAT IT HAD AGREED TO
ACQUIRE TOASTMASTER FOR $7
PER SHARE IN CASH OR AN
AGGREGATE $53 MLN. THE
COMPANY WILL ALSO ASSUME
APPROX. $40 MLN OF
TOASTMASTER DEBT.
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