4 Merger and Acquisitions Stock Stories Getting Attention Tuesday

Google (NASDAQ:GOOG): Current price $883.72

Tuesday on its website, Google announced the official closing on its acquisition of the Israeli traffic update firm Waze. For the time being, the Waze product development team will stay in Israel and operate separately. Google said in its blog, “We’re excited about the prospect of enhancing Google Maps with some of the traffic update features provided by Waze and enhancing Waze with Google’s search capabilities. We’ll also work closely with the vibrant Waze community, who are the DNA of this app, to ensure they have what’s needed to grow and prosper. The Waze community and its dedicated team have created a great source of timely road corrections and updates. We welcome them to Google and look forward to working with them in our ongoing effort to make a comprehensive, accurate and useful map of the world.”

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GOOG

Salesforce.com (NYSE:CRM): Current price $37.48

The cloud-computing firm Salesforce.com stays on its shopping binge, as late last week it snapped up EdgeSpring, which builds business-intelligence and analytics software Financials of the transaction were not reported. Salesforce was quite discreet with the EdgeSpring compared to its $2.5-billion ExactTarget purchase, also last week, that included the typical hoopla: a conference call, a press release with plenty of executive quotes, and more. In a conference call on June 4 with analysts and journalists, Salesforce Chief Executive Marc Benioff implied that the firm would take “a vacation from M&A for anywhere between probably 12 and 18 months.”

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CRM

DISH Network Corp. (NASDAQ:DISH): Current price $39.16

Knowledgeable sources say that the merger discussions with Sprint Nextel Corporation (NYSE:Swent awry partly about Sprint insisting on a $3-billion reverse breakup fee in case the deal did win approval. Rather, Dish had proposed a $1 billion termination fee, said the sources. Sprint announced Monday that Dish had not come up with an “actionable” bid, and moved instead to endorse a sweetened, $21.6 billion offer from SoftBank Corp., which originally agreed to buy the carrier back in October.

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DISH

The Hertz Corporation (NYSE: HTZ): Current price $25.81

Hertz Corp. says that Hertz UK Limited has purchased CCL Vehicle Rentals, a national accident management provider headquartered in Dorset, England. The acquisition positions Hertz for hefty growth potential in the £1-billion car and van insurance replacement market in the United Kingdom. Beyond that, Hertz builds upon its impressive track record of success in the United States, where it has participated in the insurance replacement industry for more than 10 years.

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HTZ

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