3 Merger and Acquisitions Stock Stories Ready for a Thursday Appraisal

Northrop Grumman Corp. (NYSE:NOC): Current price $93.28

Northrop will acquire the defense division of Australian flag carrier Qantas Airways, Qantas Defence Services, as the United States military contractor endeavors to expand its international presence. Contractors are being forced to search out new sources for revenue because of shrinking military budgets worldwide, including the current sequestration-related cuts in the United States. In 2012, Northrop Grumman obtained some 10 percent of its revenue from overseas military customers, which was smaller than that of its main domestic competitors. Financials of the transactions were not reported.

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

NOC 20130829

IDT Corp. (NYSE:IDT): Current price $17.44

On Thursday, IDT Corp. said that its board had instructed management to identify and pursue strategic alternatives so as to unlock the value in its Zedge subsidiary, among which include a spinoff or IPO of the unit. IDT will retain financial advisors to assist it in analyzing and moving on the optimal path. Zedge ranks as the worlds top discovery platform, offering free, high quality games, ringtones and wallpapers.

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

IDT 20130829

Maidenform Brands, Inc. (NYSE:MFB): Current price $23.44

Maidenform reported on Thursday that it has been advised by the Premerger Notification Office of the Federal Trade Commission of the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, applicable to its proposed merger with a wholly-owned subsidiary of Hanesbrands Inc.

The early termination of the waiting period meets the condition to the finalization of the proposed merger relating to the expiration or termination of any applicable waiting period under the HSR Act. The proposed merger still needs the approval by the stockholders of Maidenform and other customary closing conditions. As previously reported, Maidenform’s special meeting of stockholders will vote on the merger on October 3.

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

MFB 20130829

Don’t Miss: Wal-Mart: The New Gay Rights Champion?

More Articles About:    

More from The Cheat Sheet