4 Merger and Acquisition Stock Stories to Spark Friday Chatter
Dell (NASDAQ:DELL): Current price $13.55
Dell is said to be almost to the point of selling itself to Michael Dell and the private equity firm Silver Lake Partners in a transaction that is likely to become official over the weekend, according to inside sources. Michael Dell is the founder and chief executive of the company, which is currently the third largest computer maker in the world, and has a market value of about $23 billion. No purchase price has been reported thus far, but this deal is expected to be the largest leveraged buyout since the global financial crisis.
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HSBC Holdings (NYSE:HBC): Current price $56.82
Though there was some doubt it would ever happen, the government of China has okayed the divestiture of HSBC’s remaining $7.5 billion interest in Ping An Insurance to a consortium controlled by Thailand’s richest man in a deal that would represent the country’s largest inbound merger and acquisitions transaction. The deadline for approval was less than 24 hours away.
Gardner Denver (NYSE:GDI): Current price $70.48
The industrial machinery manufacturer Gardner Denver has requested that private equity bidders submit their final bids for it by mid-February, according to knowledgeable sources on Thursday, who related that the buyout firms Advent International Corp, KKR & Co, and the partnership of TPG Capital Management LP and Onex Corp have been evaluating final offers after meeting with Gardner Denver’s management recently.
Fidelity National Information Services (NYSE:FIS): Current price $37.57
Fidelity will purchase the remaining 78 percent interest in mFoundry, which provides mobile banking and payment solutions for financial institutions and retailers. The buyer already holds 22 percent of mFoundry and will pay around $120 million for the rest in a transaction that should close by the end of the first quarter. Fidelity is the worlds largest provider of banking and payments tech.
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