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 / October 13, 2010, 8:41 pm

Cheviot Financial To Buy First Franklin For $14.50/Shr Cash - Quick Facts

(RTTNews) - Cheviot Financial Corp. (CHEV: News ), the parent company of Cheviot Savings Bank, said it entered into an agreement to purchase First Franklin Corp. (FFHS: News ), the Blue Ash-based parent company of The Franklin Savings and Loan Co. As per ... (Source: RTT News 2010-10-13T12:34:38Z)

DeNA Deal Justifies iPhone Fund

Kleiner Perkins Caufield & Byers' move to form a venture fund dedicated to iPhone applications has already paid off, with the buyout of mobile-game publisher Ngmoco Inc. for up about $400 million. The acquisition by Japanese social videogame developer ... (Source: Wall Street Journal 2010-10-13T08:38:24Z)

Prosensa Earns £7.5M from GSK on Positive Phase IIa Data with Antisense DMD Drug

Dutch biopharmaceutical company Prosensa received a £7.5 million (about $12 million) milestone payment from GlaxoSmithKline (GSK) on the achievement of successful data from a Phase IIa trial with the Duchenne muscular dystrophy (DMD) candidate GSK2402968 ... (Source: Genetic Engineering News 2010-10-13T13:31:54Z)

Pfizer to buy King Pharmaceuticals

Pfizer says it will buy a company specializing in pain drugs in a $3.6 billion deal meant to shore up the portfolio of the world's largest drug company. Pfizer Inc. says it is paying $14.25 a share for King Pharmaceuticals Inc. in Bristol, Tenn. That's a ... (Source: Today's THV 2010-10-12T16:53:31Z)

Pfizer to buy Bristol, Tenn.-based King Pharmaceutical for $3.6B

Price: $3.6 billion, or $14.25 per share. Advantage for Pfizer: The deal expands Pfizer's portfolio and would give it access to King's pain drugs and drug candidates, along with the allergy injection EpiPen, treatments for exposure to nerve agents and ... (Source: Knoxville News Sentinel 2010-10-13T00:45:57Z)

Lions Gate offers to combine with MGM

Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios. Lions Gate Entertainment Corp. said Tuesday it has sent a proposal for a combination with financially troubled ... (Source: AP - msnbc.com 2010-10-12T21:11:13Z)

NewsNow: Pfizer to buy pain drugmaker King Pharmaceuticals for $3.6 billion

NEW YORK - Pfizer says it will buy a company specializing in pain drugs in a $3.6 billion deal meant to shore up the portfolio of the world's largest drug company. Pfizer Inc. says it is paying $14.25 a share for King Pharmaceuticals Inc. in Bristol, Tenn ... (Source: Minneapolis Star Tribune 2010-10-12T16:17:43Z)

Prosensa receives GBP7.5m milestone payment under programme with GlaxoSmithKline for ...

Disclaimer: The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves ... (Source: TradingMarkets.com 2010-10-13T13:39:03Z)

Cheviot Financial buys First Franklin, shares soar

Cheviot Financial Corp . has agreed to buy First Franklin Corp. for $14.50 per share. The news sent shares of First Franklin jumping 81 percent to $14.14 per share in afternoon trading. Nearly 200,000 shares had traded hands by late afternoon, up from an ... (Source: Birmingham Business Journal 2010-10-13T13:31:54Z)

Verizon's Android Success Augurs Well for Its iPhone

Verizon Wireless's embrace of Google Inc.'s Android operating system did more than provide the carrier with devices to compete with the iPhone. It also gave the company experience dealing with the data hogs who can hobble a wireless network. That ... (Source: Wall Street Journal 2010-10-13T21:38:39Z)

Japanese company DeNA buys iPhone game developer Ngmoco for $400 million

Japanese mobile Internet company DeNA Co., intent on establishing a broad mobile games business in the U.S., has bought iPhone game developer Ngmoco Inc. for $300 million in cash, plus an additional $100 million if the company meets undisclosed financial ... (Source: TradingMarkets.com 2010-10-13T09:07:02Z)

Prosensa Earns £7.5M Milestone from GSK through Antisense DMD Drug Deal

Dutch biopharmaceutical company Prosensa received a £7.5 million (about $12 million) milestone payment from GlaxoSmithKline ( GSK ) on the achievement of successful data from a Phase IIa trial with the Duchenne muscular dystrophy (DMD) candidate ... (Source: Genetic Engineering News 2010-10-13T14:14:51Z)

Cheviot Financial buys First Franklin

Cheviot Financial Corp., the parent company of Cheviot Savings Bank, on Wednesday said it agreed to buy Blue Ash-based First Franklin Corp., parent of Franklin Savings and Loan, for $14.50 a share in cash. The deal is worth about $24.4 million based on the ... (Source: Cincinnati.com 2010-10-13T17:28:07Z)

Japanese game company DeNA snaps up Ngmoco for $400 million

Japanese mobile Internet company DeNA Co. has bought iPhone game developer Ngmoco Inc. for a tidy $300 million in cash, plus an additional $100 million if the company meets certain financial targets before the end of 2011. Ngmoco, founded two years ago by ... (Source: Los Angeles Times 2010-10-12T23:34:22Z)

Chargers holdout McNeill agrees to five-year deal

SAN DIEGO -- Chargers left tackle Marcus McNeill has agreed to a five-year contract extension through 2015 believed to be worth $48.5 million, with $24.5 million guaranteed. McNeill said after practice Wednesday that the sides were still tweaking the deal ... (Source: CBS Sports 2010-10-14T02:03:31Z)

Liverpool Owners Say Texas Court Gives Restraining Order on Sale

Oct. 13 (Bloomberg) -- Liverpool owners Tom Hicks and George Gillett said a Texas court gave a temporary restraining order blocking the sale of their English Premier League soccer club. The Americans are trying to stop the forced sale of Liverpool and are ... (Source: San Francisco Gate 2010-10-13T22:57:24Z)

Lions Gate - MGM deal in the works

NEW YORK — Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios. Lions Gate Entertainment Corp. said today that it has sent a proposal for a combination with ... (Source: Oregonian 2010-10-12T14:44:40Z)

AOL, Private-Equity Firms Mulling Deal to Buy Yahoo

AOL ( AOL ) executives and executives from several private-equity firms are in preliminary discussions about a potential purchase of Yahoo ( YHOO ), according to a report published late Wednesday in The Wall Street Journal that cited people with the matter ... (Source: FOXBusiness 2010-10-13T23:33:11Z)

Sampling of editorials from NY state

Power corrupts, as the saying goes, and former state Comptroller Alan Hevesi is the poster boy right now. As the sole guardian of New York's gargantuan pension fund, Hevesi accepted nearly $1 million in gifts in a pay-to-play investment scheme. Last week ... (Source: Times Union 2010-10-13T13:17:35Z)

Chargers' McNeill agrees to 5-year extension

SAN DIEGO – Chargers left tackle Marcus McNeill has agreed to a five-year contract extension through 2015 believed to be worth $48.5 million, with $24.5 million guaranteed. McNeill said after practice Wednesday that the sides were still tweaking the deal ... (Source: FOX News 2010-10-14T02:03:31Z)

Hevesi pleads guilty to felony linked to pension fund

ALBANY — Former state Comptroller Alan Hevesi pleaded guilty Thursday to a felony public-corruption charge in a massive pay-to-play scandal involving the state pension fund. In his plea deal, Hevesi, a Democrat, admitted that about $1 million from a ... (Source: Poughkeepsie Journal 2010-10-08T13:44:59Z)

Report: AOL, buyout firms mulling bid for Yahoo

Yahoo Inc.'s inability to snap out of a financial funk may be about to turn the embattled Internet company into a takeover target for the second time in less than three years. That possibility, floated in a story posted online late Wednesday by The Wall ... (Source: AP - msnbc.com 2010-10-14T03:15:06Z)

WSJ: Verizon's iPhone due early in 2011

The Wall Street Journal's online edition says that Apple's exclusive deal with AT&T will end by early next year, and that Verizon will start offering its own version of the iPhone: Apple Inc. plans to begin mass producing a new iPhone by the end of 2010 ... (Source: Philadelphia Daily News 2010-10-06T23:27:10Z)

Done deal: Chargers will pay LT McNeill $48.5M over five years

There are no hard feelings between the San Diego Chargers and Marcus McNeill , just a contract extension. The Chargers officially announced Wednesday night that had agreed to a new deal with the two-time Pro Bowl left tackle, who missed training camp and ... (Source: NFL 2010-10-14T02:17:50Z)

UPDATE 5-Lions Gate seeks MGM deal, gets Icahn's support

LOS ANGELES/NEW YORK, Oct 12 (Reuters) - Lions Gate Entertainment Corp ( LGF.N ) has proposed merging with Metro-Goldwyn-Mayer in a deal valuing one of Hollywood's oldest movie studios at $1.6 billion to $1.8 billion, a source familiar with Lions Gate's ... (Source: Reuters 2010-10-12T23:48:41Z)

Liverpool sale headed for another court battle

L ONDON - Liverpool's proposed sale to the owners of the Boston Red Sox [ team stats ] was stymied Wednesday when its current American owners obtained an injunction in Texas blocking the deal - just as it was about to be approved. Co-owners Tom Hicks and ... (Source: Boston Herald 2010-10-13T23:47:30Z)

Apple Readies Verizon iPhone

AT&T Inc. is about to lose its lock on the iPhone. Apple Inc. is making a version of its iPhone that Verizon Wireless will sell early next year, according to people familiar with the matter, ending an exclusive deal with AT&T and sharpening the competition ... (Source: Wall Street Journal 2010-10-07T03:37:43Z)

Hevesi pleads guilty to public corruption charge

ALBANY -- Former state Comptroller Alan Hevesi pleaded guilty Thursday to a felony public corruption charge in a massive pay-to-play scandal involving the state pension fund. In his plea deal, Hevesi, a Democrat, admitted that about $1 million from a ... (Source: Press & Sun-Bulletin 2010-10-08T03:36:32Z)

AOL looking into deal for Yahoo, report says

AOL executives are in discussions with several private equity firms over the possibility of trying to buy rival Internet portal Yahoo Inc., The Wall Street Journal reported Wednesday. The talks are preliminary and so far have not involved anyone from Yahoo ... (Source: msnbc.com 2010-10-14T00:01:49Z)

Liverpool sale to Red Sox owners headed for another court battle

LONDON (AP) — Liverpool 's proposed sale to the owners of the Boston Red Sox was stymied Wednesday when its current American owners obtained an injunction in Texas blocking the deal — just as it was about to be approved. Co-owners Tom Hicks and George ... (Source: USA Today 2010-10-14T00:08:59Z)

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