4 Merger and Acquisitions Stock Stories for Thursday Diligence

Telecom Italia (NYSE:TI): Current price $8.35

On Thursday, Telecom Italia’s board meets to discuss a potential merger with the Hong Kong-based Hutchison Whampoa, which inside sources  say is targeting almost 30 percent in the Italian group. Chairman Franco Bernabe is being pressed by shareholders to improve margins at Telecom Italia, and is likely to gain permission from the board to intensify talks, which both the telecom and Hutchison have reported this week to be at a preliminary stage. The newspaper Il Messaggero on Thursday reported that Bernabe and representatives from Hutchison have already signed a non-binding, confidentiality agreement to continue discussions.

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TI

Facebook (NASDAQ:FB): Current price $28.00

Facebook is continuing to make purchases that will help reinforce the strategy of building out a stronger role in mobile overall. TechCrunch has learned that in the lead-up to the debut last week of Facebook Home, the company seems to have quietly picked up Osmeta, which is a Mountain View-based mobile software startup, which thus far never launched a commercial product, and it is unclear right now if this is an acqui-hire or a tech deal as well.  TechCrunch is also reporting that a Facebook spokesperson has now confirmed the acquisition, without further comment.

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FB

American Realty Capital Properties (NASDAQ: ARCP): Current price $16.00

The company on Thursday said that it has withdrawn its proposal, valued at around $9.7 billion including assumption of debt, to purchase Cole Credit Property Trust III. The deal would have paid CCPT III’s stockholders $12.50 per share in cash, or not less than $13.59 per share in ARCP stock, and formed the biggest, best managed, highest quality publicly traded REIT in the net lease sector.

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ARCP

Avago Technologies Limited (NASDAQ:AVGO): Current price $35.63

Avago will acquire CyOptics, which is in Indium Phosphide optical chip and component technologies for the data communications and telecommunications markets, at a cash price of roughly $400 million. The buyer says that the acquisition of CyOptics will reinforce Avago’s fiber optics product portfolio for emerging 40- and 100-gigabyte enterprise and data center applications. Avago is a supplier of analog interface components for communications, industrial and consumer applications.

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AVGO

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