4 Merger and Acquisitions Stock Stories for Tuesday Perusal

PowerSecure International (NASDAQ: POWR): Current price $12.14

PowerSecure has acquired Solais Lighting, a private firm which has a proprietary portfolio of LED lamps and fixtures for commercial and industrial applications that provide superior light output, thermal management, optics, light quality and aesthetics. The buyer paid the stockholders of Solais $6.5 million in cash along with 675,160 shares of its common stock, and assumed roughly $0.2 million in negative working capital for an aggregate transaction value of $15 million. The shares were valued at $12.22 apiece.

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POWR

Verizon Communications (NYSE:VZ): Current Price $50.86

The Wall Street Journal reports that Verizon Wireless will pay as much as $1.5 billion to acquire spectrum leases from Clearwire Corporation (NASDAQ:CLWR). The purchase would give the United States’ biggest wireless carrier the right to use airwaves currently controlled by Clearwire in big domestic markets. Beyond that, it further complicates a three-way series of agreements in which Clearwire would divest itself to part owner Sprint Nextel Corporation, and Sprint agreed to sell a controlling interest in itself to Softbank of Japan. Adding yet another factor, Sprint now has become the subject of a competitive takeover bid from DISH Network Corporation.

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VZ

Royal Dutch Shell (NYSE:RDSA): Current price $64.94

On Monday, Shell said that it is mulling the divestiture of its retail, aviation and supply and distribution downstream units in Italy. The potential sale builds on Shell’s strategy to focus its world where it can be most competitive. The company’s non-service station lubricants and marine businesses are not relevant to this announcement, which also has no impact on the upstream, or exploration and production, and gas and power businesses in Italy, as they present strong growth opportunities for Shell there.

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RDSA

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

SoftBank Corp. on Tuesday said that it believes its offer for the wireless carrier Sprint Nextel is a better choice than is the $25.5 billion counteroffer by DISH Network Corp (NASDAQ:DISH). For its part, DISH says that its cash and stock bid beats Softbank’s. In the firm’s Tuesday statement, SoftBank contended that the agreed terms of its deal “offer Sprint shareholders superior short and long term benefits to DISH’s highly conditional preliminary proposal.” The Japanese firm expects to finalize the transaction under the terms already agreed upon by July 1.

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S

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