4 Merger and Acquisitions Stock Stories for Tuesday Due Diligence

BlackBerry Ltd. (NASDAQ:BBRY): Current price $10.93

According to The New York Post, BlackBerry wants a “strategic white knight with a big bankroll.” The struggling firm put itself on the block Monday, and recruited JPMorgan to advise it, sending the shares up over 10 percent at one point Tuesday. Ideally, the firm is hoping for a “Google-like” investor, instead of a private-equity firm, says The Post. Knowledgeable sources believe that BlackBerry wants to obtain a deal similar to the almost $13-billion transaction 15 months ago between Google and handset maker Motorola Mobility. One source remarked that ,“Ideally, they’d want to be put into a big technology company.”

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Xerox Corp. (NYSE:XRX): Current price $10.49 Up

On Tuesday, Xerox reported its purchase of CPAS Systems Inc., a company that supplies pension administration software to the private and public sectors, based in Toronto. CPAS software facilitates administration and record keeping for defined benefit, defined contribution, and hybrid retirement savings plans, together with health, welfare and group life insurance premiums. The firm’s open-architecture platform contains mobile and Web-enabled tech and oversees pensions for over 2 million persons in Canada, the United States, Europe, Asia, Africa, and the Caribbean.

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Novartis AG (NYSE:NVS): Current price $73.78

An inside source says that Novartis is no longer in the bidding for Onyx Pharmaceuticals Inc., which current valuation is said to have made it too costly for Novartis. A spokeswoman for Onyx Lori Melancon, said the firm does not comment on rumors and speculation. Novartis spokesman Eric Althoff would not comment either.

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SolarCity Corp. (NASDAQ: SCTY): Current price $37.92

SolarCity and Paramount GR Holding, LLC, dba Paramount Equity, said Tuesday that SolarCity will purchase the assets of the latter, which is a subsidiary of Paramount Equity, in a transaction valued at roughly $120 million. Though the terms, SolarCity will buy the Paramount Solar business for $116.3 million in stock and the rest in cash. Paramount Equity Chief Executive Hayes Barnard will come to SolarCity as chief revenue officer in charge of the firm’s sales and marketing organizations upon the close.

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