3 Merger and Acquisitions Stock Stories for Midweek Due Diligence

Berkshire Hathaway Inc. (NYSE:BRKB): Current price $116.42

Marmon Group, which is owned by Berkshire Hathaway, will acquire the beverage dispense and merchandising businesses of the engineering firm IMI Plc for 690 million euros, or $1.10 billion, in an attempt to center upon the profitable industrial end-markets of its core fluid power and severe service units. IMI’s beverage business, which manufactures valves for drink dispensers and comprises about 14 percent of the firm’s revenue, has been having hard times while major customers have held back capital expenditure and deferred orders.

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Advance Auto Parts Inc. (NYSE:AAP): Current price $69.40

Advanced Auto will purchase 1,418 outlets of the Carquest chain so as to reinforce its auto repair operations to complement its car parts division. The buyer sells products like batteries, air fresheners and engine parts, and said it would acquire General Parts International Inc for just a bit over $2 billion, forming the biggest North American retailer of auto parts. Advance Auto Chief Executive Darren Jackson said that commercial sales would soar to 55 percent of total revenue from 35 percent after the General Parts transaction. The buyer’s shares are up around 17 percent Wednesday.

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Liberty Global Inc. (NASDAQ:LBTYA): Current price $77.11

The Dutch cable-television provider Ziggo NV has turned down a takeover proposal from its shareholder Liberty Global, marking a setback for billionaire John Malone’s European expansion plan. Terming Liberty Global’s preliminary offer as “inadequate,” Ziggo said through a statement that it is uncertain whether it will receive any improved bid. On Wednesday, Germany’s Manager Magazin reported that Liberty Global is seeking to purchase the remainder of the cable entity.

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