4 Merger and Acquisitions Stock Stories For Monday Appraisal

Sprint Nextel Corporation (NYSE:S): Current price $7.13

On Monday, SoftBank Corp. confirmed that at the request of the Special Committee formed by the board of Sprint Nextel Corp, it has given Sprint a limited waiver of certain provisions of the merger agreement between the firms. The waiver will allow Sprint to enter into a non-disclosure agreement with DISH Network Corporation (NASDAQ:DISH), so as to receive confidential information from the latter, and to have talks with it solely to clarify and obtain additional information regarding its preliminary proposal made on April 15. However, the waiver does not allow Sprint to give non-public information to DISH, nor does it permit Sprint to enter into negotiations with that company; such actions may be taken by Sprint only in agreement with the Sprint-SoftBank merger accord.

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S

PepsiCo (NYSE:PEP): Current price $82.77

PepsiCo has confirmed that it was in discussions with the investor Nelson Peltz, who has disclosed that he is a major stakeholder in the company of $269 million. This revelation has ignited chatter suggesting that his Trian Fund Management firm might be ready to broker a merger between PepsiCo and another Peltz interest, Mondelez. In turn, that idea prompted talk of PepsiCo turning its drinks divisions into a stand-alone company, which a PepsiCo/Mondelez giant, always ready to focus on more profitable snacks, might either maintain loosely, or divest altogether. What is more, one analyst implied to Just-drinks a$60 billion value for PepsiCo’s drinks, with Anheuser-Busch InBev seen as a potential suitor.

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PEP

Conceptus (NASDAQ:CPTS): Current price $30.93

Bayer will acquire Conceptus at a cash price of roughly $1.1 billion, to add a permanent contraception device to complement its offerings in women’s health. Conceptus shareholders will receive $31 per share in cash, according to a Monday statement by the parties. The price is 20 percent beyond the April 26th close for Conceptus of $25.90.

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CPTS

Telular Corporation (NASDAQ:WRLS): Current price $12.65

Avista Capital Partners will purchase Telular for $12.61 per share net in cash and around $18.5 million in assumed net debt, or about $253 million in total consideration. The purchase price marks a 31 percent premium to the close on April 26, which was the last full trading day before Monday’s announcement, and a 27 percent premium to the 60-day average share price. The proposed transaction has fully committed financing and should close within 50 to 75 days.

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WRLS

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