4 Merger and Acquisitions Stock Stories For Midweek Due Diligence

France Telecom (NYSE:FTE): Current price $10.55

Chief Executive Stephane Richard said that France Telecom will invest some $64 million in its video-sharing website Dailymotion and start a fresh search for a partner in the autumn, adding that ”the door is not closed” to Yahoo, which had been in discussions to acquire a 75-percent interest in Dailymotion, in a purchase that would have valued Europe’s biggest video website at $300 million. Earlier in May, inside sources told Reuters that French government officials had voiced worries that the country would surrender control over one of its largest Internet industry successes if the deal went forward.

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fte

 SolarWinds (NYSE:SWI): Current price $41.33

On Wednesday, the provider of powerful and affordable information tech management software, said that it has reached into a definitive agreement to but the privately-held N-able Technologies, which produces Cloud-based remote monitoring and management and service automation software for managed service suppliers. The transaction is priced at $120 million in cash, and should close before the end of May.

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SWI

Saks (NYSE:SKS): Current price $15.69

Knowledgeable sources say that Kohlberg Kravis Roberts & Co. is considering an investment in Saks and might press the luxury retailer to look at a merger with its rival Neiman Marcus Group, also saying that the talks might not result in a transaction a transaction. However, it is unclear whether KKR has approached Saks. The sources also considered that joining the two would form an upscale department-store chain with over $7 billion in annual sales, which would then be second only to Nordstrom (NYSE:JWN) in the United States. Recently, both Saks and Neiman have hired advisers to examine strategic options such as sales. If combined, the two could then lower costs by closing stores, according to one source.

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SKS

ConocoPhillips (NYSE:COP): Current price $62.95

By early next month, officials in Kazakhstan will decide whether to exercise an option to acquire the ConocoPhillips 8.4-percent interest in the Kashagan oil field, which has already gotten notice from firms in China and India. Kazakh Oil & Gas Minister Sauat Mynbayev said on Wednesday that the decision will be made by July 2nd. Kashagan is the world’s largest oilfield discovery in over 40 years, and holds an approximate 30 billion barrels of oil in place, out of which between 8 and  12 billion are potentially recoverable. The first output is anticipated in the middle of 2013.

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COP

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