Newcastle Investment (NYSE:NCT) announced that it has acquired Dow Jones Local Media Group from News Corp (NASDAQ:NWSA) for $87 million. The Company made a total equity investment of $54 million, including transaction expenses, and financed the remainder of the purchase price with $33 million of debt. Local Media Group operates 33 local publications, including 8 daily and 15 weekly newspapers, in 7 states.
Arthur J. Gallagher & Co.(NYSE:AJG) has signed an agreement to acquire the Giles Group of Companies headquartered in London, England. Giles is an independent retail broker in the United Kingdom with over 1,100 employees operating out of 43 offices in England, Scotland, Wales, Northern Ireland, Isle of Man and the Channel Islands.
C. R. Bard (NYSE:BCR) has entered into a definitive agreement to acquire Rochester Medical (ROCM), a leading developer and supplier of silicone urinary incontinence and urine drainage products, for a purchase price of $20 per share, or approximately $262 million in the aggregate to be paid at closing, expected to occur later this year.
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