4 Merger and Acquisitions Stock Stories in a Busy Earnings Week

General Electric Co. (NYSE:GE): Current price $23.64

According to The Sunday Times, GE is poised to launch a transatlantic bidding war for the British industrial software firm Invensys, after the latter confirmed that it is in early discussions with its French peer Schneider Electric over a multi-billion dollar takeover agreement. Sources told the newspaper that GE is plotting a $5.3-billion counterbid for Invensys, beating Schneider’s offer that values Invensys at 505 pence per share. The sources also reported that an auction between the world’s largest industrial giants could push Invensys’ share price to 550 pence, valuing it at £3.6 billion instead. Presently, GE has a market capitalization of £162 billion, while Schneider is worth £28 billion.

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Ericsson (NASDAQ:ERIC) Current price $12.22

On Monday, Ericsson said it will acquire the entire business of TeleOSS Consulting Ltd. in a business transfer arrangement. TeleOSS is a consulting and systems integration specialist for Operating Support Systems, based in Bangkok. The finalization of the purchase is subject to consultation and the usual closing conditions, and should take place by the end of the third quarter. Through the acquisition, about 50 skilled, Thailand-based OSS systems integration professionals will join Ericsson. TeleOSS  provides OSS-related solutions to telecom service providers, especially in the areas of inventory and traffic management, and software development.

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Abbott Laboratories (NYSE:ABT): Current price $35.49

Abbott said Monday it will purchase the privately-held IDEV Technologies, which focuses on developing next-generation medical devices for use by interventional radiologists, vascular surgeons, and cardiologists. Through the terms, Abbott will buy all outstanding equity of IDEV Technologies, at a price of $310 million net of cash and debt.  The transaction should close by the end of the year, and will not affect Abbott’s ongoing full-year 2013 earnings-per-share guidance.

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XPO Logistics, Inc. (AMEX:XPO): Current price $21.55

On Monday, XPO reported that it will acquire all of the common stock of 3PD, Inc. in a transaction valued at roughly $365 million. 3PD is the number one non-asset, third party supplier of heavy goods and last-mile logistics in North America. It is anticipated that the acquisition will be immediately and significantly accretive to earnings.

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