3 Merger and Acquisitions Stock Stories Making Midweek Waves

Berkshire Hathaway Inc. (NYSE:BRKB): Current price $116.44

The Berkshire Hathaway subsidiary MiTek Industries announced Wednesday that it has purchased Benson Industries LLC, which provides design, pre-fabrication, and the installation of custom-unitized curtain wall systems for high-end hotel, commercial, residential, governmental, and institutional buildings globally. MiTek is a supplier of advanced engineered structural connector systems, equipment, software, and services for the building components industry. Financials of the transaction were not mentioned in the press release.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

BRKB 20130731

Cubist Pharmaceuticals Inc. (NASDAQ:CBST): Current price $62.14

On Wednesday, Cubist and Optimer Pharmaceuticals Inc. reached a merger agreement that will allow Cubist to buy all of the outstanding shares of Optimer common stock at $10.75 per share in cash, or around $535 million on a fully diluted basis. Besides the upfront cash payment, each stockholder of Optimer will receive a Contingent Value Right, which should be publicly traded, entitling the holder to receive an additional one-time cash payment of as much as $5 for each share they own if certain net sales of Dificid (fidaxomicin) are attained, or a total transaction value of as much as $801 million on a fully diluted basis.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

CBST 20130731

Kohlberg Kravis Roberts & Co. (NYSE:KKR): Current price $20.65

The private equity firm Kohlberg Kravis Roberts is exploring an offer for billionaire Li Ka-shing’s ParknShop supermarket chain, according to two knowledgeable sources. The sources said that KKR is talking to banks regarding the  financing for a potential deal, and could elect to not make an offer. Li’s Hutchison Whampoa Ltd. has requested that potential suitors submit bids for the Hong Kong chain by August 16, according to the sources.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

KKR 20130731

Don’t Miss: Whisper Number: What Will Kellogg’s Shares Do Post Earnings?

More Articles About:   , ,  

More from The Cheat Sheet