4 Merger and Acquisitions Stock Stories for Investor Appraisal
Micron Technology (NASDAQ:MU): Current price $7.79
Despite the opposition of bondholders in the United States, Elpida Memory has won court approval for tech deals linked to its proposed $2.5 billion sale to Micron. On Thursday, a U.S. Bankruptcy Court judge in Delaware found no evidence of collusion or improper motives in the company’s tech licensing arrangements with Micron and a $15 million patent sale to Rambus. Bondholders contended that the agreements were an attempt to bind the bankrupt chipmaker to Micron and were also unfairly beneficial to the latter.
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K-Swiss (NASDAQ:KSWS): Current price $4.72
E.Land World will purchase all of the outstanding common stock of K-Swiss in a cash transaction of $4.75 per share, representing an aggregate equity value of about $170 million.
Stryker Corporation (NYSE:SYK): Current price $60.85
On Thursday, Stryker said it is proposing a voluntary general offer to acquire all the shares of Trauson Holdings Company Limited for HK$7.50 per ordinary share at a total cash consideration of $764 million, representing an enterprise value of around $685 million. Luna Group, Trauson’s controlling shareholder, is tendering 61.7 percent of the Trauson shares towards the offer.
Dell (NASDAQ:DELL): Current price $12.85
While Dell explores a potential leveraged buyout by Silver Lake Partners, some of its customers are wondering how such a deal might affect their IT investments, says the Wall Street Journal. A number of CIOs worry that distractions from a deal could upset Dell’s tech roadmap, but they also remarked they could easily switch to another supplier of computers, servers and storage such as Hewlett-Packard if they must.
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