4 Merger and Acquisitions Stock Stories Making News On a Crazy Trading Day

Vodafone Group (NASDAQ:VOD): Current price $27.36

Vodafone has announced its intention to purchase Kabel Deutschland in a cash transaction allowing the latter’s shareholders 87 euros per share, valuing the entire fully diluted ordinary share capital of the German cable giant at 7.7 billion euros. The acquisition will be carried out as a voluntary public tender offer by Vodafone’s wholly-owned subsidiary Vodafone Vierte Verwaltungsgesellschaft mbH, for €84.50 per share in cash, plus the payment of a 2.50 euro dividend reported by Kabel Deutschland on February 20. The Management and Supervisory Boards intend to recommend that shareholders accept the Offer, and the members intend to accept the offer in respect of their entire beneficial shareholdings.

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VOD

IntercontinentalExchange (NYSE:ICE): Current price $172.81

On Monday, the operator of world markets and clearing houses was advised by the European Commission that ICE’s proposed purchase of NYSE Euronext has been okayed unconditionally. The finalization of the transaction is still subject to final approval from the Euronext College of Regulators, the Securities and Exchange Commission, along with other national financial regulators.

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ICE

Western Digital Corporation (NASDAQ:WDC): Current price $58.61

It was announced Monday that HGST, a wholly-owned subsidiary of Western Digital, will acquire sTec, which is  an early innovator in enterprise solid-state drives, for about $340 million in cash, which works out to $6.85 per share. This marks around $207 million in enterprise value, less sTec’s cash as of March 31st. The transaction is expected to close in the third or fourth calendar quarter of 2013.

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WDC

 Marathon Oil Corporation (NYSE:MRO): Current price $35.79

China Petrochemical Corp. has purchased a 10-percent interest in an oil and gas field in Angola from Marathon Oil Corp. at a price of $1.52 billion. The acquisition brings China Petrochemical’s stake in Block 31 to 15 percent, according to the parent of China Petroleum and Chemical Corp. in an e-mailed statement on June 21st, which said that increasing its holding in the block, presently operated by BP, will add 14,600 barrels of oil per day for China Petrochemical. The deal is pending okays from the governments of China and Angola.

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MRO

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