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Kraft Foods said it began a cash tender offer for up to $1 billion of its notes.
The offer, which expires Dec. 27, is for its 5.625 percent notes that are due in 2011 and its 6.25 percent notes due in 2012. Holders who tender their offer by Dec. 10 will get an early tender premium of $30 for every $1,000 in principal amount of the notes they turn over. Get the full story »
Javelin Pharmaceuticals Inc. said Thursday it accepted a tender offer by Hospira Inc. to buy about 79 percent of the company’s shares. Under the offer, which expired on Wednesday at midnight, Hospira will purchase about 51.3 million shares at $2.20 per share. Javelin said the merger is expected to be completed by Friday. Get the full story »
