Deals of the Hour

Trying to find out what's the deal with the world, tracking what's on sale and who's talking about it on Twitter. Update hourly.

Deals of the Hour / August 4, 2010, 4:43 pm

Shire forges $565M buyout deal for Movetis

Seeing a nice fit in the GI arena of specialty pharma and an open door to a bigger European presence, Shire has agreed to pay $565 million for Movetis ( MOVE ), a Belgian biotech which has one product on the ... (Source: FierceBiotech 2010-08-03T12:04:18Z)

Brazil miner MMX says no buyout deal reached

RIO DE JANEIRO Aug 4 (Reuters) - Brazilian iron miner MMX ( MMXM3.SA ), owned by billionaire industrial magnate Eike Batista, said on Wednesday it has not reached an agreement on selling a stake in the company ... (Source: Reuters 2010-08-04T17:25:14Z)

Broadline Retail companies shares up at the close of trading

NEW YORK — Shares of some top broadline retail companies were up at the close of trading: BJ's Wholesale rose $.21 or .5 percent, to $44.61. Costco rose $1.06 or 1.9 percent, to $57.40. Target rose $.52 or 1.0 percent ... (Source: San Francisco Examiner 2010-08-04T22:11:34Z)

Sanofi Aventis Board Votes To Make a Formal Offer to Genzyme

French drug maker Sanofi Aventis intends to continue its project on Genzyme after the failure of its informal approach to U.S. biotech company Genzyme (NASDAQ stock symbol:GENZ), Reuters learned Wednesday from a source ... (Source: HULIQ.com 2010-07-29T03:13:21Z)

Disney World Raising Ticket Prices

ORLANDO, Fla. (AP) -- Visitors to Walt Disney World will have to dig deeper into their pockets to get into the theme park resort in Orlando. Disney World is raising the price of a one-day, one-park adult ticket to $82 ... (Source: WLTX.com 2010-08-04T21:28:37Z)

EU OKs $4.9B Teva-Ratiopharm Deal, With Caveats

Law360, New York (August 04, 2010) -- Teva Pharmaceuticals Industries Ltd. has won the European Commission's blessing to proceed with its $4.93 billion purchase of German generic-pharmaceuticals manufacturer Ratiopharm ... (Source: site.law360.com 2010-08-04T19:26:55Z)

Cott Announces Intention to Offer Common Shares to Fund Cliffstar Acquisition

Cott Corporation (NYSE: COT) (TSX: BCB) announced today that it intends to offer, subject to market and other conditions, U.S. $65 million of its common shares pursuant to an underwritten public offering. In connection ... (Source: msnbc.com 2010-08-04T19:55:33Z)

Ford: UAW Deals Bring Work Back To Plants

TRAVERSE CITY, Mich. (AP) -- Competitive contracts with the United Auto Workers union are helping Ford Motor Co. bring nearly 2,000 jobs back into its factories that would have gone to parts supply companies -- some in ... (Source: Industrial Distribution 2010-08-04T14:26:17Z)

Senators offer gay marriage bill in conservative Chile, but left and right predict ...

SANTIAGO, Chile — Two leftist senators introduced a bill to legalize gay marriage Tuesday, drawing predictions from colleagues on both the left and right that the measure has little chance of approval in ... (Source: Deseret News 2010-08-04T20:17:02Z)

Religion News in Brief,

NEW YORK (AP) Plans for an Islamic community center and mosque near the site of the Sept. 11 terrorist attacks moved forward as a city panel opened the way for developers to tear down a building that was ... (Source: WCBD 2010-08-04T22:18:43Z)

Bovespa Stock Index Fluctuates on Easing Global Concern, Retailer Retreat

The Bovespa stock index fluctuated between gains and losses after a report showing faster-than- estimated growth in private payrolls in the U.S. offset a drop in Brazilian retailers. "I'm not seeing any ... (Source: Bloomberg 2010-08-04T21:50:05Z)

SkyWest (SKYW) Announces Deal To Acquire ExpressJet (XJT)

Regional carriers for United Airlines (NASDAQ: UAUA ) and Continental Airlines Inc. (NYSE: CAL ) announced Wednesday that they will combine in an all cash move valued at $133 million. SkyWest Inc. (NASDAQ: SKYW ) said ... (Source: StreetInsider.com 2010-08-04T14:19:07Z)

Parks welcome rich visitors

ORLANDO, Fla. -- The economy could be teetering on the edge of a double-dip recession, and theme parks are still tossing discounts at reluctant travelers. But there are encouraging signs from at least one ... (Source: The Sun News 2010-07-23T04:03:25Z)

Brazil Miner MMX: No Deals Yet For Sale Of Iron Ore Assets

RIO DE JANEIRO -(Dow Jones)- Brazilian mining and metals company MMX Mineracao e Metalicos SA (MMXM3.BR) said Wednesday the company has not reached any deals to sell its iron ore assets. In a regulatory filing, MMX ... (Source: NASDAQ 2010-08-04T16:13:39Z)

Disney World To Offer Luxury Pet Boarding Resort

Disney World will soon offer a way to take your pet along on your visit and have him or her boarded in style at the Best Friends Pet Care resort. What is being called a new luxury pet option is ready to open August 27 ... (Source: HULIQ.com 2010-08-04T20:52:49Z)

Ford says UAW deals bring work back to plants

TRAVERSE CITY, Mich. -- Competitive contracts with the United Auto Workers union are helping Ford Motor Co. bring nearly 2,000 jobs back into its factories that would have gone to parts supply companies ... (Source: Inside Bay Area 2010-08-04T16:56:36Z)

Movetis receives a tender offer from Shire of €19 cash per share for all ...

Turnhout (Belgium) – 3 August 2010 (1:35 PM CET) – Movetis NV (MOVE), the European gastrointestinal (GI) specialty pharmaceutical company, announces that it has received a conditional offer from a Luxembourg ... (Source: Phramalive.com 2010-08-03T11:57:08Z)

Deals of the day -- mergers and acquisitions

Aug 4 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Wednesday. ** Citigroup is poised to put its UK online bank Egg up for ... (Source: The Guardian 2010-08-04T20:02:43Z)

Cott Announces Intention to Offer Senior Notes to Fund Cliffstar Acquisition

Cott Corporation (NYSE: COT) (TSX: BCB) announced today that its wholly owned subsidiary, Cott Beverages Inc. ("Cott Beverages"), intends to offer U.S. $375.0 million aggregate principal amount of senior notes due 2018 ... (Source: msnbc.com 2010-08-04T20:02:43Z)

Results of Operations and Financial Condition, Financial Statements and Ex

Item 2.02 Results of Operations and Financial Condition. On August 4, 2010, Valence Technology, Inc. issued a press release reporting its financial results for the fiscal first quarter ended June 30, 2010. A copy of the ... (Source: YAHOO! 2010-08-04T22:54:31Z)

Shire Agrees To Acquire Movetis For EUR428 Million

LONDON -(Dow Jones)- U.K. drug maker Shire PLC (SHP.LN) Tuesday said it agreed to acquire Belgium's Movetis NV (MOVE.BT) for EUR428 million in cash in a deal that adds to its stable of medicines for ... (Source: FOXBusiness 2010-08-03T16:14:50Z)

UPDATE 1-Deals of the day -- mergers and acquisitions

Aug 4 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Wednesday. (For Reuters columns on deals, click on [DEALTALK ... (Source: Reuters India 2010-08-04T13:14:42Z)

Robbins Umeda LLP Announces An Investigation Of The Tender Offer By SkyWest, Inc. To ...

Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of ExpressJet Holdings, Inc. ("ExpressJet" or ... (Source: Street.Com 2010-08-04T23:08:50Z)

ExpressJet Doubles On Merger Agreement

Corporate charter aviation and jet maintenance firm ExpressJet Holdings (NYSE: XJT - News ) signed a definitive merger agreement with SkyWest (NASDAQ: SKYW - News ), sending shares higher by 99% on Wednesday. SkyWest ... (Source: Yahoo Finance 2010-08-04T15:52:11Z)

Costco: A Buy for Long-Term Investors

Font Size: A company's mission statement that reads "to continually provide our members with quality goods and services at the lowest possible prices," clearly has the right methodology in the discount retail ... (Source: Seekingalpha.com 2010-08-04T15:52:11Z)

New Chilean Gay Marriage Bill Likely To Struggle

Liberal opposition senators introduced a bill to legalize gay marriage in traditionally conservative Chile on Tuesday, seeking to follow Argentina's lead in what looks to be an uphill battle. The initiative ... (Source: Post Chronicle 2010-08-04T11:48:48Z)

Will it be a "Mais Oui" from Genzyme for Sanofi-Aventis $19 Billion Dowry Offer?

SUGAR LAND--August 3, 2010--Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--Like many courtships, French drug giant Sanofi-Aventis' (NYSE:SNY) (U.S. Headquarters: Bridgewater, New Jersey ... (Source: Industrialinfo.com (subscription) 2010-08-03T13:37:21Z)

Ford says UAW deals bring nearly 2,000 jobs back to its plants

Competitive contracts with the United Auto Workers union are helping Ford Motor Co. bring nearly 2,000 jobs back into its factories that would have gone to parts supply companies — some in other countries ... (Source: MLive.com 2010-08-04T16:27:58Z)

Professional Research on Costco and Dollar Tree - Discount Retailers Looking at a ...

www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the discount, variety stores industry, and offers free research on industry players Costco ... (Source: PR-USA.net 2010-08-03T11:49:59Z)

Should Sanofi stick to smaller deals?

Now that Sanofi-Aventis ( NYSE: SNY ) and Genzyme ( NASDAQ: GENZ ) are officially negotiating, deal fever is giving way to deal worry. As we reported yesterday, investors on the Sanofi side worry that the ... (Source: FiercePharma 2010-08-04T14:33:26Z)

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