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) -- Hospital operator

Tenet Healthcare

(THC) - Get Tenet Healthcare Corporation Report

said it will acquire smaller rival

Vanguard Health Systems


for $4.3 billion, or $21 a share, a 70% premium to Vanguard's closing price on Friday.

The deal, which includes the assumption of $2.5 billion of debt, will allow Tenet to enter new markets, according to CEO Trevor Fetter.

In a statement, Fetter said, "This acquisition will take Tenet into new geographic markets, expand the breadth of our service offerings, diversify our earnings sources and increase the benefits we expect to realize under healthcare reform." The acquisition will give Tenet 28 acute care hospitals in markets including Boston, Chicago, Detroit, Phoenix and San Antonio.

Tenet said it expects the deal to add to earnings in the first year and generate annual savings of $100 million to $200 million. The deal is expected to close by the end of the year.

British cell phone company


(VOD) - Get Vodafone Group Plc Report

agreed to buy German cable operator

TheStreet Recommends

Kabel Deutschland

for €7.7 billion ($10 billion) in its second acquisition of a European fixed-line network in the past year.

Vodafone's offer of 87 euros a share is valued at €10.7 billion when including €3 billion in net debt.

Vodafone beat out billionaire John Malone's

Liberty Global

(LBTYA) - Get Liberty Global Plc Class A Report

for Kabel; Liberty Global made a preliminary offer for the company last week.

Kabel's board is expected to recommend Vodafone's offer, according to statements by both companies.

Hostess Brands

said its Twinkies snack cakes will return to store shelves on July 15 under its new ownership.

In what the company is touting as "the sweetest comeback in the history of ever," Twinkies and sister products including CupCakes and Donettes will once again be for sale after Hostess went bankrupt last year amid a fight with its union workers, who went on a strike that crippled the company's production. Hostess is now owned by private-equity firms

Apollo Global Management

(APO) - Get Apollo Global Management Inc. Class A Report


Metropoulos & Co.


The price for a 10-count box of Twinkies will remain the same at $3.99.

The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar


Brittany joined TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.