4 Merger and Acquisitions Stock Stories for Investors to Know Now
Best Buy Co. (NYSE:BBY): Current price $16.30
Company founder Richard Schulze is now said by inside sources to be mulling whether to bail on a plan to take over the electronics chain and instead recruit investors to take a minority interest. Since last summer, Schulze has trying to secure financing to take Best Buy private, but thus far has not picked up suffcient support from banks to finance the deal.
Vodafone Group (NASDAQ:VOD): Current price $26.06
The United Kingdom-based mobile firm Vodafone might make an offer for Kabel Deutschland, so as to expand services in Europe’s largest economy, says a person familiar with the matter, who also said that no final decision has been made at Vodafone regarding a formal offer. However, such a deal which would permit the company to sell bundled services of mobile, fixed-line and pay-TV, all of which aids in boosting customer loyalty.
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Coeur d’Alene Mines Corporation (NYSE:CDE): Current price $21.56
On Wednesday, the corporation confirmed that it has submitted a binding proposal to purchase all of the issued and outstanding common shares of Orko Silver Corp. in a transaction with a aggregate value of around C$384 million. Coeur’s proposal implies a value of C$2.70 per Orko share, which represents a bonus of roughly 71 percent to the unaffected Orko share price on December 14, the last trading day prior to the announcement of Orko’s agreement with First Majestic.
HopFed Bancorp (NASDAQ:HFBC): Closing price $9.74
HopFed Bancorp will acquire Sumner Bank & Trust in a cash transaction of around $14.3 million in cash, or $10.04 per share, to buy all of the common stock and common stock equivalents of Sumner. This includes common stock that would be issued upon the conversion of Sumner’s convertible preferred stock upon a change of control. The companies expect that the transaction will close in the third quarter.