4 Merger and Acquisitions Stock Stories For Monday Due Diligence

Actavis (NASDAQ:ACT): Current price $127.59

On Monday it was announced that Actavis will purchase Warner Chilcott in an all-stock transaction valued at roughly $8.5 billion. Once completed, the acquisition will form a global specialty pharmaceutical firm holding around $11 billion in combined annual revenue, and will create the number-three such company in the United States with about $3 billion in annual revenues, concentrated upon core therapeutic categories of Women’s Health, Gastroenterology, Urology, and Dermatology.  The proposed deal was unanimously okayed by the boards of both Actavis  and Warner Chilcott.

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ACT

Meade Instruments Corp. (NASDAQ:MEAD) Current price $3.39

Jinghua Optics & Electronics Co. said Monday that Meade and its wholly-owned subsidiary, JOC North America, and JOCNA’s wholly-owned merger subsidiary, have reached a definitive merger agreement for JOCNA to purchase all outstanding shares of Meade for around $4.5 million, or $3.45 per share. The transaction will be funded with cash and should be concluded by the end of July, subject to shareholder approval.

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MEAD

Plains Exploration & Production Co. (NYSE:PXP): Current price $48.88

The amended merger agreement between Freeport-McMoRan Copper & Gold (NYSE:FCX) and Plains Exploration & Production Co., is getting the thumbs-up from Paulson & Co., whose funds hold as of the record date 12.8 million shares or about 9.9 percent of the outstanding shares of the later. On Monday, Paulson issued a statement concerning the deal, stating in part, ”Paulson & Co. appreciates the flexibility of both Plains and Freeport in adding incremental cash to the transaction and will vote all the shares owned by funds under its management in favor of the merger.”

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PXP

 Autodesk (NASDAQ: ADSK): Current price $37.04

Autodesk will acquire the browser-based 3D design tool Tinkercad, which addition will help to broaden the popular Autodesk 123D repertoire of applications, and supports Autodesk’s mission to help anyone imagine, design, and create anything. The purchase should also revive the Tinkercad service and community, in the aftermath of a previously-reported shutdown by its founders and creators.

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ADSK

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