4 Merger and Acquisitions Stock Stories For Friday Appraisal

International Business Machines Corporation (NYSE:IBM): Current price $190.55

A number of inside sources told CRN this week that IBM is in active negotiations to divest its x86 server hardware division, as Lenovo emerged as the top candidate to acquire it. The latter is presently the only firm in negotiations for the x86 server business, said one high-ranking industry executive monitoring the deal, who added that the transaction would encompass IBM’s System x line, which includes Intel- and AMD-based tower, rack and blade servers. The owner is said to be wanting between $5 billion and $6 billion for its business, reported the executive, who also related that Lenovo became a desirable candidate because IBM will only sell its unit to firms it does not see as a threat to other parts of its business.

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IBM

Sprint-Nextel Corporation (NYSE:S): Current price $7.14

David Faber at CNBC reports that Sprint has formed a special committee to look at DISH Network’s (NASDAQ:DISH) proposed $7.02-per-share takeover bid, as he noted considerable speculation on the gigantic debt being raised for the transaction. Such a combined entity would have roughly $44 billion of it, and Faber wonders if DISH Chief Executive Charlie Ergen is actually serious, or is driving at a commercial deal with Sprint of some sort.

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S

National Health Investors (NYSE: NHI): Current price $64.22

The company has announced a $26.3 million purchase totaling 254 beds, of newer skilled nursing facilities located in Canton and Corinth, Texas. Indirect affiliates of Fundamental committed to a ten-year initial lease term plus annual fixed escalators. The purchase was payed from borrowings on NHI’s revolving credit facility.

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NHI

Plains Exploration & Production Company (NYSE:PXP): Current price $44.48

Plains shareholders are expecting positive results from an oil well find, building up anticipation that Freeport-McMoRan Copper & Gold  (NYSE:FCX) will be forced to hike its takeover offer. Following Freeport’s agreement to purchase the Houston-based company in December for around $50 per share in cash and stock, or $6.9 billion, drilling commenced at Plains’ deep-water Phobos project in the Gulf of Mexico. While analysts await the well’s results in the next month, traders have pushed Plains shares as much as 2.7 percent over Freeport’s bid, the highest since the deal was announced, said data compiled by Bloomberg.

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PXP

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