3 Merger and Acquisitions Stock Stories for a Monday Appraisal

GlaxoSmithKline (NYSE:GSK): Current price $51.95

Following negative feedback from minority shareholders, GlaxoSmithKline has abandoned a plan to boost its interest in the firm’s consumer healthcare division GSK Consumer Nigeria. The decision marks a new jolt to the firm, as bailing on the arrangement loses an opportunity to increase its indirect ownership in the unit to 75 percent, while the company fights off a corruption scandal in China. On Monday, Glaxo said that it will consult shareholders and the Securities and Exchange Commission regarding the proposal, including whether it should be implemented via a tender offer.

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GSK

Google Inc. (NASDAQ:GOOG): Current price $910.39

Google has made another move towards a commercial version of its Google Glass eyewear, by purchasing a small interest in a division of the Taiwanese chip producer Himax Technologies Inc., which creates tiny displays. Google will buy a 6.3-percent stake in Himax Display Inc., and has an option to hike its stake to 14.8 percent within a year, according to a Himax statement, which did not report any financial details. For its part, Google confirmed the deal in an email to Reuters, and said that Himax Display Inc. has been its partner for several years.

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GOOG

Spartan Stores, Inc. (NASDAQ:SPTN): Current price $22.45

The regional grocery distributor and retailer Spartan Stores, and the food distribution firm Nash Finch Co. (NASDAQ:NAFC), announced that they have reached  a definitive merger accord, through which Spartan Stores and Nash Finch will combine in an all-stock merger valued at about $1.3 billion, including existing net debt at each firm. The combination forms an entity in the retail and military commissary, grocery wholesale, and exchange channels, with pro forma annual sales of roughly $7.5 billion.

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SPTN

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