Amazon Launches Free Beer Delivery

| About: Amazon.com, Inc. (AMZN)
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Summary

Amazon plots end of liquor stores.

EU clears AT&T-Time Warner.

Sinclair preps Tribune offer.

Welcome to the Frothy issue of M&A Daily

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Amazon

Amazon (NASDAQ:AMZN) is ready to do to the local liquor store what it did to the local book store. It is rolling out free beer and wine 2-hour delivery and $7.99 1-hour delivery for Prime Now members, starting in Cincinnati and Columbus, Ohio. It is reasonable to expect this experiment to be wildly successful and for the company to roll it out more broadly in the near future.

Time Warner

The EU approved the AT&T (NYSE:T) acquisition of Time Warner (NYSE:TWX). The $9.50 arb spread offers an 11% IRR if the deal closes by year-end.

Moneygram

Moneygram (NYSE:MGI) is reviewing the unsolicited $15.20 offer from Euronet (NASDAQ:EEFT). Ant Financial is highly committed to its existing deal with Moneygram.

Air Methods

The definitive merger agreement was filed for the American Securities acquisition of Air Methods (NASDAQ:AIRM).

Ixia

The definitive proxy was filed for the Keysight (NYSE:KEYS) acquisition of Ixia (NASDAQ:XXIA). Ixia shareholders vote April 12.

du Pont

Today is the walk date for the Dow (DOW) merger with du Pont (DD).

Middleburg

Middleburg (NASDAQ:MBRG) and Access National (NASDAQ:ANCX) shareholders vote today.

Tribune

Sinclair (NASDAQ:SBGI) is preparing a cash and stock offer for Tribune (NYSE:TRCO) worth within a buck of $40 per share. It will encounter a receptive audience among TRCO owners. More to come in future editions of M&A Daily

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Disclosure: I am/we are long TWX.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. This post may contain affiliate links, consistent with the disclosure in such links. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).