4 Merger and Acquisitions Stock Stories Making Monday Headlines

JPMorgan Chase & Co. (NYSE:JMP): Current price $7.05

According to The Times of London, the commodities broker Marex Spectron is in discussions to acquire the metals storage division owned by JPMorgan. Marex is supported by Jeremy Isaacs, who is the former chief of Lehman Brothers Europe. JP Morgan’s warehousing business is the U.K.-based logistics provider Henry Bath. JPMorgan Chase did not comment on the report, but said in July that it would seek “strategic alternatives” for its gas, physical oil, power, and metals trading arm, during a crackdown by American regulators on banks owning commodities storage.

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ING Groep (NYSE:ING): Current price $10.46

The private equity firm MBK Partners is in exclusive talks to acquire a controlling interest in ING Groep’s South Korean insurance business, said a source familiar with the matter on Monday. ING’s South Korean division attracted a total of four offers in May, including those from Tong Yang Life Insurance Co Ltd., Hanwha Life Insurance Co Ltd., and Kyobo Life Insurance Co Ltd., according to sources in a report by Reuters. ING and MBK will commence negotiations based on MBK’s original offer of roughly $1.3 to 1.4 billion for a 90 percent stake in the business, but the final pricing and stake size might change, said the first source.

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Revlon, Inc. (NYSE:REV): Current price $25.97

On Monday, Revlon said that its wholly-owned operating subsidiary, Revlon Consumer Products Corporation, together with its subsidiaries, will acquire the entirety of the stock of The Colomer Group, a privately-held beauty care firm concentrated on the professional salon channel. The transaction should close in the fourth quarter, subject to the usual conditions and regulatory approvals. The cash purchase price of $660 million is subject to adjustments through the closing date.

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Edison International (NYSE:EIX): Current price $48.78

Edison said Monday that it has finalized the purchase of SoCore Energy, LLC. The latter, based in Chicago, is a distributed solar developer focused on commercial rooftop installations. Financials of the transaction were not reported. SoCore will become a wholly-owned indirect subsidiary of the buyer, and its management team, employees, and operations will continue to be based in Chicago.

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