4 Merger and Acquisitions Stock Stories for a Midweek Appraisal

Western Digital Corp. (NASDAQ:WDC): Current price $66.81

Western Digital has purchased privately held VeloBit, which provides high-performance storage I/O optimization software. VeloBit will be fully joined into HGST, the wholly owned subsidiary of Western Digital. VeloBit has its headquarters in Lincoln, Massachusetts, and enhances storage system performance with its software tech by contributing a transparent acceleration layer that employs solid-state drives. Financials of the transaction were not reported.

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WDC

Fresh Del Monte Produce (NYSE:FDP): Current price $28.45

It’s thought that U.S. food groups Fresh Del Monte Produce and Pinnacle Foods are mulling offers for the canned food unit of Del Monte Foods. Reports came in June that Del Monte Foods was thinking about the possible sale of its canned food business. Centerview Partners and Morgan Stanley have reportedly been hired to assist in the divestiture of the business. On Tuesday, Reuters cited Pinnacle and Fresh Del Monte as potential suitors, also reporting that such a deal could be valued in excess of $1.5 billion.

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FDP

 ServiceNow (NYSE: NOW): Current price $43.44

On Wednesday, the enterprise IT cloud firm ServiceNow said it bought Mirror42 for an unreported amount and is offering its cloud-based information tech and business intelligence solution to ServiceNow customers. Further details about the transactiopn will be made available in conjunction with the ServiceNow second-quarter financial results announcement set for July 31.

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NOW

 

LeMaitre Vascular Inc. (NASDAQ:LMAT): Current price $6.65

The supplier of peripheral vascular devices and implants announced Wednesday that it acquired the assets of Clinical Instruments International Inc. on Friday at a price of $1.1 million, or 1.7 times its 2012 sales. Clinical Instruments makes carotid shunts and embolectomy catheters. This purchase allows LeMaitre Vascular to enlarge its No. 2 and No. 3 product lines (catheters and shunts, respectively). It also adds two new products to the LeMaitre Vascular sales repertoire: latex-free carotid shunts and latex-free dual-lumen embolectomy catheters.

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LMAT

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