Benzinga's M&A Chatter for Wednesday July 25, 2012
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday July 25, 2012:
Hearing Chatter of Illumina Bid for Complete Genomics
Spokespersons for the companies were not available for comment.
Complete Genomics closed at $2.83 Wednesday, a gain of 2.17% on lower than average volume.
The Carlyle Group and Management Partner to Acquire Service King Collision Repair Centers
The Carlyle Group (NASDAQ: CG), together with management and employees of Service King Collision Repair Centers, today announced they will acquire majority ownership in the largest independent U.S. chain of auto body repair shops. Founder Eddie Lennox will retain a significant ownership stake in Service King. Chief Executive Officer Cathy Bonner will become Chairman representing Mr. Lennox on the board of directors.
New equity for the investment will come from Carlyle Equity Opportunities Fund L.P. and Carlyle Strategic Partners Fund III L.P. Terms of the transaction, which is expected to close in August, were not disclosed.
Carlyle Group closed at $23.71 Wednesday, a gain of 1.45% on light volume.
Ancestry.com Rises on Report of Private Equity Interest
An Ancestry.com spokesperson declined comment on the article.
Ancestry.com closed at $31.42 Wednesday on 4 times average volume.
TPC Group Could Be Worth $40/Share in Leveraged Buyout
Shares of TPC Group (NASDAQ: TPCG) rose sharply on a Bloomberg report shares could be worth $40 in a leveraged buyout.
A spokesperson for TPC Group was not available for comment.
TPC Group closed at $38.97 Wednesday, a gain of 16.43% on 4 times average volume.