4 Merger and Acquisitions Stock Stories Making Monday Headlines

AT&T (NYSE:T): Closing price $35.58

Chernin Group and AT&T have submitted a joint offer for Hulu, meeting the deadline for binding offers, said a person having knowledge of the situation. Bids for Hulu, owned by Walt Disney Co., 21st Century Fox Inc. and Comcast Corp., were due Saturday, according to two inside sources. The amount involved in the offer was not immediately revealed, but three suitors, including DIRECTV, previously had offered a minimum of $1 billion.

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T

EMC Corp. (NYSE: EMC): Closing price $24.27

On Monday, EMC said that it has bought the privately-held business-driven Identity and Access Management firm Aveksa Inc. Effective immediately, Aveksa will operate within the RSA security division, as part of RSA’s Identity Trust Management product group, bringing top tech and expertise that will help RSA provide new solutions to identity and access management challenges throughout enterprise, cloud  and mobile access use cases. Financials of the transaction were not divulged.

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EMC

Hasbro, Inc. (NASDAQ:HAS): Closing price $46.72

Hasbro on Monday announced its purchase of a majority interest in Backflip Studios, which develops several of the mobile industry’s most popular games, including DragonVale, NinJump and Paper Toss. In an all-cash-transaction, Hasbro paid $112 million for 70 percent of the firm. Hasbro expects the transaction to be neutral to slightly accretive to its 2013 financial results.

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HAS

Lender Processing Services (NYSE:LPS): Closing price $32.01

Lender Processing Services announced on Monday the expiry of the period pursuant to the terms of the previously reported merger agreement dated May 28, 2013, among LPS, Fidelity National Financial and its subsidiary Lion Merger Sub. The transaction must be okayed by LPS and FNF stockholders, along with approvals from applicable federal and state regulators and satisfaction of other usual closing conditions. The close of the transaction should occur in the fourth quarter.

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LPS

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