Jan 5 (Reuters) - Following is a summary of spreads on major
European and U.S. merger and acquisition deals based on
Thursday's closing prices in New York and share prices at 1105
GMT on Friday in Europe.
The table lists the target company, the bidder, the value of
the primary bid and the spread, which is the difference between
where the stock is trading and the value of the deal.
A figure in brackets indicates the target company is trading
at a premium to the value of the offer.
EUROPEAN DEALS:
Target: London Stock Exchange (LSE.L) 1,287 pence
Bidder: Nasdaq (NDAQ.O) $31.89
Share price x terms 1,243 pence
Difference (44)
Spread (percent) (3.4)
Target: Euronext ENXT.PA 87.55 euros
Bidder: NYSE Group (NYX.N) $95.1
Share price x terms 92.51 euros
Difference 4.96
Spread (percent) 5.7
Target: Suez (LYOE.PA) 39.37 euros
Bidder: Gaz de France GAZ.PA 35.12 euros
Share price x terms 38.37 euros*
Difference (1.00)
Spread (percent) (2.5)
* terms include the deduction of a 1 euro special
dividend from the Suez share price.
Target: Endesa (ELE.MC) 35.34 euros
Bidder: E.ON EONG.DE 98.78 euros
Share price x terms 35.00 euros
Difference (0.34)
Spread (percent) (1.0)
Target: Scania (SCVb.ST) 487 SEK
Bidder: MAN (MANG.DE) 68.93 euros
Share price x terms 475 SEK
Difference (12.00)
Spread (percent) (2.5)
Target: SIG SIGN.S 406.25 CHF
Bidder: Elopak private
Share price x terms 325 CHF
Difference (81.25)
Spread (percent) (20)
Target: Techem TNHG.DE 56.15 euros
Bidder: BC Partners private
Share price x terms 52 euros
Difference (4.15)
Spread (percent) (7.4)
U.S. DEALS:
Target: Chicago Board of Trade BOT.N $156.14
Bidder: Chicago Mercantile Exchange CME.N $526.8
Share price x terms $158.36
Difference 2.22
Spread (percent) 1.42
Target: Harrah's Entertainment HET.N $82.59
Bidder: Apollo, TPG private
Share price x terms $83.50
Difference 0.91
Spread (percent) 1.10
Target: ADVO AD.N $32.62
Bidder: Valassis (VCI.N) $14.09
Share price x terms $37.00
Difference 4.38
Spread (percent) 13.43
Target: Phelps Dodge PD.N $115.6
Bidder: Freeport-McMoRan (FCX.N) $50.96
Share price x terms $122.14
Difference 6.54
Spread (percent) 5.66
Target: Equity Office EOP.N $48.1
Bidder: Blackstone private
Share price x terms $48.5
Difference 0.4
Spread (percent) 0.83
(Compiled by Mathieu Robbins in London)
