3 Merger and Acquisitions Stock Stories for Tuesday Diligence

Lloyds Banking Group  (NYSE:LYG): Current price $3.12

Knowledgeable sources say that Lloyds is searching for a buyer for its 400-million-pound, or $609 million, portfolio of shipping loans, who also said that for the past two years, the United Kingdon-owned bank has been divesting parts of a 6-billion-pound book of loans that were granted for the building of commercial vessels. It was  not clear what price Lloyd’s is seeking. The sources said that Lloyds has turned to American hedge funds to rid itself of the distressed debt as  other banks that typically engage in ship finance are dealing with their own problem loans.

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LYG

International Paper (NYSE: IP): Current price $47.73

The firm has announced that it is in discussions with Unisource concerning a proposed business merger of International Paper’s distribution unit xpedx,, and Unisource.  Both xpedx and Unisource are business-to-business distributors of printing, packaging and facility supplies. The talks began when Unisource approached International Paper about a possible combination, and on April 19th, the parties entered into a non-binding letter of intent through which to explore a possible transaction.

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IP

 CA Technologies (NASDAQ:CA): Current price $24.82

CA Technologies has signed a definitive agreement to purchase Layer 7 Technologies, which provides Application Programming Interface  management and security. The financials of the transaction were not divulged. The acquisition of Layer 7 will permit CA Technologies to manage and secure the API marketplace with top tech that complements its present Identity and Access Management suite, including CA SiteMinder, and its technologies that are concentrated on DevOps including the CA LISA suite.

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CA

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