4 Merger and Acquisitions Stock Stories Making Midweek Waves

Verizon Communications (NYSE:VZ): Current price $50.60

A number of analysts have warned that Verizon’s potential entry into Canada might “disrupt the Canadian wireless market,” causing shares of Canada’s largest phone companies to slide on Wednesday. Verizon is moving forward with its strategy to expand into Canada’s $19-billion wireless market, as it made an initial offer  for Wind Mobile and began discussions with Mobilicity. The communications giant’s opening bid for the small Canadian wireless carrier Wind Mobile, values it at roughly $700-million, said two inside sources.

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VZ

Telefonica (NYSE:TEF): Current price $12.88

Telefonica will sell its mobile-phone division in Ireland to Hutchison Whampoa, so as to make itself stronger when it takes on the number-one Vodafone. Separately, the latter reported the takeover of Kabel Deutschland Holding, which joins Germany’s largest cable operator with its own landline and wireless networks through which to offer combined Internet, TV and mobile services in Europe’s biggest economy. It is likely that the two transactions will be sent to the European Commission, which, in 2012, attempted to block Vodafone’s move to merge with a rival in Greece, and also imposed concessions before permitting Hutchison to combine Austria’s third- and fourth-biggest wireless operators.

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TEF

First Cash Financial Services (NASDAQ:FCFS): Current price $49.33

First Cash has announced that it has purchased 19 large-format U.S. pawn stores located in Texas. The locations are in the Houston, Dallas and Fort Worth markets, and operate primarily under the Valu + Pawn brand. The all-cash asset purchase transaction cost the buyer roughly $70 million, which was funded mostly with its revolving credit facility. The operations and earnings of the Valu + Pawn stores have been integrated into First Cash, effective with the closing of the transaction on June 25th.

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FCFS

Home BancShares (NASDAQ:HOMB): Current price $25.75

Home Bancshares, parent company of Centennial Bank, and Liberty Bancshares, parent company of Liberty Bank of Arkansas, announced Wednesday that they signed a definitive agreement for Liberty to merge into Home. Under the terms, shareholders of Liberty will receive $250 million of Home common stock together with $30 million in cash. When the transaction closes, the combined entity will hold about $7.1 billion in total assets, $5.6 billion in deposits, $4.5 billion in loans, 151 branches, 186 ATMs, and 1,500 employees across Arkansas, Florida and Southern Alabama.

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HOMB

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