bloggingbuyouts

CDW Computer Centers (NASDAQ: CDWC) volatility Flat as Arbitrage spread widens. CDWC is recently down 47 cents to $83.31. CDWC, a direct marketer of multi-brand information technology products and services, agreed to be acquired by Madison Dearborn for $7.3 billion cash, or $87.75 on May 30. CDWC September option implied volatility of 9 is near its 10-week average according to Track Data, suggesting flat risk.

TXU Corp (NYSE: TXU) volatility Elevated as Arbitrage spread widens. TXU, manager of a portfolio of energy business in Texas, is recently down $1.57 to $61.96. KKR & Texas Pacific announced in February the acquisition of TXU for $69.25. The deal is expected to close by year's end. TXU October option implied volatility of 30 is above its 23-week average of 13 according to Track Data, suggests large price fluctuation risk.

Nuveen Investments (NYSE: JNC) volatility at 18 into expected Autumn deal close. JNC, a provider of diversified investment services to institutional and high-net-worth investors, is recently down 80 cents to $60.40. Madison Dearborn Partners announced on June 19 the acquisition of JNC for $65 cash. JNC shareholders will meet on September 18 to vote on the proposed acquisition. JNC overall option implied volatility of 17 is near its 7-week average of 15 according to Track Data, suggesting flat risk.

Daily M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Back in 1898, John Nuveen started the firm Nuveen Investments (NYSE: JNC) to trade municipal bonds. It was a smart move. Now, the firm is a big player in the asset management space, with about $165 billion in assets under management.

Well, soon Nuveen will no longer be a public company. It announced today that private equity firm Madison Dearborn Partners LLC has agreed to a $5.42 billion buyout.

Interestingly enough, Nuveen wants to do the transaction so as to have more flexibility in pursuing its long-term growth goals. After all, it can be distracting to deal with the mind-numbing regulations of Sarbanes-Oxley and also the quarter-by-quarter pressures of Wall Street analysts.

No doubt, Nuveen's business is growing nicely. In fiscal Q1, net income increased 17% to $52.3 million.

On the news of the deal, shares of Nuveen spiked 17.15% to $63.45. The current buyout bid is $65.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.