3 Merger and Acquisitions Stock Stories for Friday Appraisal

General Electric Company (NYSE:GE): Current price $22.62

Marking the first major purchase for the company since it sold its remaining interest in NBC Universal two months ago, GE has won antitrust approval to acquire the oilfield pump maker Lufkin Industries, in a $2.98 billion transaction that will permit GE to notably grow its presence in the rapidly-growing market to extract oil and natural gas from shale. The Federal Trade Commission, woriking with the Justice Department to enforce antitrust law, reported the approval on Friday. GE hopes to close the acquisition by June.

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GE

Ericsson (NASDAQ:ERIC): Current price $12.20

The firm will sell its power cable operation to the  Danish company NKT Cables. Resulting from the divestiture, around 320 employees and consultants, based mostly in Sweden, will transfer to the buyer. The purchase price of the transaction is at 250 million Swedish kroner, and it should close during the beginning of the third quarter, being subject to the usual regulatory approvals.

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ERIC

The Hain Celestial Group (NASDAQ:HAIN): Current price $62.73

Hain has purchased Ella’s Kitchen Group Limited, for the formation of the Global Infant, Toddler & Kids Division under Hain Celestial US. Ella’s Kitchen makes and distributes premium organic baby food under the Ella’s Kitchen brand and is the first firm to offer baby food in convenient flexible pouches. Beyond that, the company offers an array of 80 branded organic baby food products mostly in the United Kingdom, the United States and in Scandinavia.

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HAIN

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