Acquisition Latest News: Advisory Firms Follow ISS With Dell Buyout Endorsement

Wochit 1:07 mins

Michael Dell's offer to acquire outstanding shares in the company he founded and bring it private has been endorsed by two more advisory firms.Glass Lewis and Egan-Jones, firms that advise shareholders in matters of public companies, announced that after reviewing Michael Dell's $13.65-per-share deal, it's in the best interests for the company's stockholders to vote for it. Kroger says it has agreed to buy Harris Teeter Supermarkets Incorporated for about $2.44 billion in cash. Kroger will pay $49.38 for each of its rival supermarket chain's shares. The price represents a 2 percent increase over the company's Monday closing stock price. Flowers Foods confirmed that it has received regulatory approval to acquire the Wonder, Nature's Pride, Merita, Home Pride, and Butternut bread brands; 20 bakeries; and 36 depots from Hostess Brands.

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