4 Merger and Acquisitions Stock Stories Fit for a Friday Appraisal

US Airways Group (NYSE:LCC): Current price $16.11

The United States government’s attempt to disallow the proposed merger of American Airlines and US Airways to form the biggest airline on the planet has run afoul of officials in three states, who believe that the combined entity would benefit their local economies. Last week, the Justice Department brought a lawsuit challenging the merger, saying that it would shrink competition among air carriers and eventually cause higher fares for passengers.

However, some local political and business officials in Florida, Texas, and North Carolina, in which are located big hubs for American and US Airways, are requesting the federal government and supporting states to rethink the lawsuit.

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LCC 20130823

Kohlberg Kravis Roberts & Co. (NYSE:KKR): Current price $19.40

Two knowledgeable sources to Reuters say that KKR will purchase a sizable stake in Australia’s GenesisCare in a transaction valuing the company at as much as $600 million or $602 million. The buyer will take a stake of up to 63 percent in GenesisCare as it endeavors to take advantage of the rising need for healthcare in Oz, according to a statement which did not report a deal value.

GenesisCare operates an Australia-wide network of cancer and cardiovascular care centers and presently has earnings before interest, tax, depreciation, and amortization of $55-60 million, said one of the sources.

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KKR 20130823

Baidu, Inc. (NASDAQ:BIDU): Current price $138.83

The Chinese language Internet search provider Baidu and Renren Inc., which is a real-name social networking Internet platform in China, said jointly that Baidu
Holdings Limited will purchase a certain number of newly issued ordinary shares of Nuomi Holdings Inc., which is a wholly-owned subsidiary of Renren, representing roughly 59 percent of the equity interest in Nuomi. The purchase is at a price of $160 million in cash. The parties expect to close the transaction in the fourth quarter.

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BIDU 20130823

Blucora, Inc. (NASDAQ:BCOR): Current price $20.23

Blucora said that it has finalized its previously-reported purchase of Monoprice, an online supplier of self-branded consumer electronics and accessories, in an all-cash transaction valued at $180 million. Monoprice provides premium-quality products at prices far below other national brands and has secured a loyal customer base by offering thousands of Monoprice-branded items on its website with outstanding customer service and prompt product delivery.

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BCOR 20130823

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