Qualcomm May Invest in Sharp, Sony Raises Funds for Olympus: M&A Weekly Recap

Here’s your Cheat Sheet to this week’s M&A headlines:

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Leucadia National Corporation (NYSE:LUK) will merge with Jefferies Group, Inc. (NYSE:JEF) through an agreement announced on Monday. Through the terms, all Jefferies shareholders distinct from Leucadia, which owns some 28.6 percent of the outstanding shares, will receive 0.81 of a share of the latter’s common stock for every share of Jefferies they now own. Following the close of the merger in the first quarter of next year, Jefferies will still operate as a full-service global investment banking company in its current form.

On Monday, Maryland-based Annaly Capital Management (NYSE:NLY) said that it seeks to acquire any outstanding shares of CreXus Investment Corp. (NYSE:CXS) that it had not already bought and is offering $12.50 per share, which constitutes a bonus of 13 percent over the Friday close. Annaly currently owns 12.4 percent of CreXus and the proposed purchase will be in the form of a cash transaction.

The Sherwin-Williams Company (NYSE:SHW) is purchasing Consorcio Comex, a coatings and paint major based in Mexico, D.F. The acquisition is all cash with the buyer paying about $2.34 billion which includes assumed debt. The privately-held Comex was founded 60 years ago and currently has operations in the United States, Canada and in Latin America.

Nokia Corporation (NYSE:NOK) purchases Earthmine, which is a mapping company that specializes in producing three-dimensional maps with street views. The transaction should close by the end of 2012, but Nokia spokesman Dour Dawson did not release the financial details. Earthmine is based in Berkeley, California.