In headlines this morning: the NYSE goes for Euronext; private equity bidders win VNU and the bid deadline for Univision is set.
NYSE Group Inc. put forth a $10.8 billion bid for Europe’s No.2 exchange operator Euronext NV paving the way for a bidding war with Deutsche Börse AG. Meanwhile, Deutsche Börse denied rumors Monday it was mulling a €90 per Euronext share bid according to a published report from the Financial Times.
On Sunday, the private equity consortium vying for VNU SA, the Valcon consortium offering $11 billion for the Dutch media company, said stakeholders controlling 78.7% of VNU shares agreed to tender them.
In other news, the contest for Univision Communications Inc. will see its first milestone June 8 as bids are due for the Spanish broadcaster. The company also said it would hear only hear bids beginning at $40 per share, valuing the company at $13.6 billion. Likely contenders include Grupo Televisa SA and a private equity consortium that includes Haim Saban.
And coming up in The Daily Deal midday PDF and on TheDeal.com: Wal-Mart unhands its South Korean assets for $882 million and Cedar Fair LP agreed to take CBS Corp.'s Paramount Parks Inc. for $1.24 billion.—Carolyn Murphy
NYSE bids for Euronext
PE bidders win VNU battle
Univision sets deadline, bid floor
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