4 Merger and Acquisition Stock Stories Making a Splash on Monday

Dell Inc. (NASDAQ:DELL): Current price $13.85

The dreaded Hedge fund titan Carl Icahn officially abandoned his struggle for control of Dell on Monday, said a letter he filed with the Securities and Exchange Commission. Dell shareholders are set (so far) to vote on the deal on Thursday and because of an alteration as to how shareholder votes will be counted, Icahn admitted that it is now “almost impossible to win the battle.”

However, he tossed a few more zingers at Michael Dell and the Dell board as he made his adieu, writing that, “We therefore congratulate Michael Dell and I intend to call him to wish him good luck (he may need it).” His final shot was at for Dell’s board. “Like so many boards in this country, reminds me of Clark Gable’s last words in Gone with the Wind, they simply ‘don’t give a damn.’”

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Apollo Global Management LLC (NYSE:APO): Current price $26.50

Apollo Global will acquire Evo Banco, a division of the nationalized Spanish lender NCG Banco SA, in the first foreign private-equity purchase since the 2012 bank bailout in that country. The New York-based buyout company run by Leon Black will pay 60 million euro or $79 million, representing 55 percent of net book value, for Evo Banco, according to a Monday emailed statement from NCG.

The unit has 702 million euro of loans and 1.6 billion euro of deposits. The transaction marks the first foreign private-equity purchase of a Spanish bank since it agreed to a 100-billion euro European bailout for its financial system and created a vehicle to remove toxic real estate assets from lenders’ books.

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DIRECTV (NASDAQ:DTV): Current price $59.64

On Monday, Communications Equity Associates said that it advised Old UGC, Inc. in conjunction with the divestiture of its subsidiaries TV Show Brasil S.A. and Rapix Tecnologia e Internet Ltda. to Sky Brasil Serviços Ltda., which itself is a subsidiary of DIRECTV. TV Show supplies pay-TV and broadband connectivity services in the City of Fortaleza, Ceará State, via a MMDS and other licenses. Fortaleza is Brazil’s fifth biggest city with a population of roughly 2.5 million. DIRECTV operations in Brazil are managed under the Sky brand.

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Jacobs Engineering Group Inc. (NYSE:JEC): Current price $58.60

The construction consulting firm Jacobs Engineering Group announced Sunday that it would purchase the Australian employee-owned consultancy Sinclair Knight Merz for some $1.2 billion) in cash. Jacobs has been searching out new projects in the oil and gas and chemicals sectors, and has historically used acquisitions to grow its market presence, having bought six other firms in the last three years.

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