4 Merger and Acquisitions Stock Stories Making Waves On Friday

eBay (NASDAQ:EBAY): Current price $53.85

On Friday, eBay said that it is acquiring the two largest online classified sites in Belgium, 2dehands.be and 2ememain.be. The buyer refers 2dehands.be, which is in Flemish, and its French-language counterpart 2ememain.be, a “staple in Belgian homes.” All told, the pair experience 5.5 million unique visitors per month, and  will become a part of the Classifieds group, which operates local sites in more than 25 countries and 1,000 cities globally. Financials of the transaction were not released.

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EBAY

Unilever (NYSE:UL): Current price $40.85

Unilever did not quite fulfill its public offer to hike its majority holding in Hindustan Unilever Ltd. to 75 percent, finishing with roughly a two-thirds interest after a number of shareholders elected not to sell. Unilever’s bid of 600 rupees per share gave it 67 percent, which was above the 52 percent before the offer, according to a company statement late Thursday. The offer price valued the transaction at about $3.2 billion. Consumer analyst Vivek Veda at Espirito Santo securities in Mumbai commented that “For Unilever this a clear win — I think they got more than what the market expected. This would also help bring in dollars into the country and ease pressure on the rupee, at least for the time being.”

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UL

Telecom Italia (NYSE:TI): Current price $6.61

The carrier said in a statement that it has terminated contacts with Hutchison Whampoa in regards to merging their Italian mobile businesses, as it now prefers to concentrate on a plan to spin off its fixed-line network. Telecom Italia said on Thursday that conditions were not in place to commence official talks with the conglomerate on a linkup with its 3 Italia unit. The statement read in part that “at present there are not the elements necessary to start negotiations.”

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TI

Diageo (NYSE:DEO): Current price $117.46

The world’s number-one distiller has gained control of United Spirits, subsequent to the completion of a transaction to purchase an interest in the maker of Bagpiper whiskey. Diageo acquired a 14.98-percent stake from a firm owned by Vijay Mallya for $521 million, according to a Thursday statement, giving it a 25.02— percent holding at a total cost of 52.4 billion rupees, which together with voting and other governance arrangements with Mallya is sufficient for control. The interest in United Spirits will give the Diageo the top position in the whiskey market on the planet.

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DEO

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