4 Merger and Acquisitions Stock Stories Creating a Friday Buzz

US Airways Group Inc. (NYSE:LCC): Current price $18.92

American Airlines has won the approval of creditors for its plan to get out of bankruptcy protection by merging with US Airways Group, and thus forming the biggest carrier on the planet. Preliminary results indicated that a minimum of 88 percent of ballots in each creditor class okayed the plan, representing over 97 percent of the claim value in each group, according to a Friday statement of parent AMR Corp. The vote moves American a step nearer to the completion of the merger with US Airways. The carriers are now waiting for approval from the Manhattan federal court overseeing AMR’s bankruptcy, as well as approval from the Justice Department, which is looking to see if the combination will create a monopoly in any market.

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Yahoo! Inc. (NASDAQ:YHOO): Current price $27.63

Yahoo! has acquired the social browsing startup Rockmelt. The latter’s apps and website will shut down after August 31, said a Yahoo spokesperson. The buyer plans to integrate Rockmelt’s tech across various products, according to both parties. Rockmelt has a well-regarded team that was probably drawn to Yahoo Chief Executive Marissa Mayer, as she continues to develop her own team.

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Chevron Corp. (NYSE:CVX): Current price $124.33

The indirect division of Chevron Corp., Chevron Canada, said late Thursday that it will acquire all interests in the Duvernay shale formation in west-central Alberta from Alta Energy Luxembourg Sarl and affiliates. Financials of the transaction were not revealed, but sources said that the deal came in at just under $1 billion. The acquired stakes cover 67,900 net acres in the Duvernay, which is a popular play in oil and gas, both for its natural gas and its natural gas liquids, which bring a higher market price.

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Emergent BioSolutions Inc. (NYSE:EBS): Current price $17.83

Emergent BioSolutions said Friday that it has closed on its purchase of Bracco Diagnostics Inc.’s Healthcare Protective Products Division. This acquisition includes the RSDL (decontamination lotion) product cleared for marketing by the FDA, for removal or neutralization of chemical warfare agents from the skin. The purchase also diversifies and broadens Emergents biodefense franchise into the chemical countermeasure market.

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