4 Merger and Acquisitions Stock Stories For Thursday Appraisal

T-Mobile US (NASDAQ:TMUS) Current price $19.69

Deutsche Telekom, which finalized a deal in May to expand its United States business, revealed that it has the option to divest the asset to a buyer prior to the expiry of an 18-month share lock-up period. The telecom would not be restricted from selling if a third party extended an offer for T-Mobile US, Chief Financial Officer Timotheus Hoettges told shareholders at the annual meeting in Cologne on Thursday. He responded to an investor who asked whether Vodafone Group could be a hypothetical buyer. In its deal to merge the fourth largest American wireless carrier with MetroPCS Communications, Deutsche Telekom promised not to sell shares of the listed carrier for 18 months. The German company holds a 74 percent interest in the company, which has a market value of $14.2 billion.

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TMUS

Quest Diagnostics (NYSE:DGX): Current price $59.88

On Thursday, Quest announced that it has purchased the toxicology and clinical laboratory unit of the medical center operator Concentra, which is a subsidiary of Humana. What’s more, Quest Diagnostics has reached a long-term agreement with Concentra to be its primary supplier of workplace drug toxicology and clinical laboratory testing.

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DGX

Commerce Bancshares (NASDAQ:CBSH): Current price $41.76

Summit Bancshares and Commerce Bancshares on Thursday jointly announced a merger agreement through which the former will merge into a wholly-owned subsidiary of Commerce Bancshares in a transaction valued at around $40.6 million, entirely comprised of Commerce Bancshares stock. This acquisition of Summit Bancshares, the parent company of Summit Bank, will add roughly $261 million in assets, $213 million in loans and $231 million in total deposits. The merger agreement has been approved by the boards of both companies and should close in the third quarter.

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CBSH

Newcastle Investment Corp. (NYSE:NCT): Current price $5.72

Newcastle reports that the spin-off of New Residential Investment Corp. was successfully concluded on Wednesday. Beginning on Thursday, New Residential will commence trading on the New York Stock Exchange under the symbol NRZ. Holders of Newcastle common stock as of the record date, May 6, have been electronically issued one share of New Residential common stock for each share of Newcastle common stock held as of the record date.

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NCT

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