4 Merger and Acquisitions Stock Stories for Wednesday Appraisal

CBS Corporation (NYSE:CBS): Current price $46.04

CBS and Lionsgate Entertainment Corp.  have formed an equal partnership for the well-distributed entertainment cable network TVGN as well as the website TVGuide.com. The basic cable network is available in over 80 million homes, and will continue to be entertainment-centered, with a specific rebranding and programming strategy to be announced later on. Through the terms, CBS will purchase a 50-percent interest in TVGN and TVGuide.com., and will also buy the ownership interest currently held by One Equity Partners, which is the world private equity investment arm of JPMorgan Chase. The transaction closed Tuesday on signing.

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CBS

Urban Outfitters (NASDAQ:URBN): Current price $39.07

The New York Times reports that Urban Outfitters recently contacted the 28-year-old Nasty Gal founder Sophia Amoruso regarding a potential acquisition, according to knowledgeable sources. When asked about it, Amoruso said no more than, “We’re talking.” If such a deal were to come off, it is thought that Nasty Gal would afford Urban Outfitters some street credence, and the latter would provide the neophyte e-retailer the sort of support, money, and infrastructure that only a major corporation is able to. However, Nasty Gal made almost $128 million in sales, and netted around $100 million. Beyond that, Amoruso raised almost $50 million from Index Ventures, which had invested in e-commerce sites like Net-a-Porter, Etsy, and Asos.

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URBN

Intel Corporation (NASDAQ:INTC): Current price $21.89

Intel is progressing in its discussions with Time Warner, NBC Universal, and Viacom, through which to obtain television shows and films for its online pay-TV service, says Bloomberg. According knowledgeable sources, Intel is negotiating financial terms with the firms and the broad terms have already been agreed upon.

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INTC

New Energy Systems Group (AMEX:NEWN): Current price $0.39

NewEnergy announced Tuesday that its board has received a notice from its Chairman and Chief Executive Weihe Yu, to withdraw his preliminary, non-binding proposal dated February 28, which stated that Yu intends to purchase all of the outstanding shares of the firm’s common stock not currently owned by him. Yu presently beneficially owns around 13.65 percent of the common stock.

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NEWN

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