4 Merger and Acquisitions Stock Stories Ready for a Thursday Appraisal
BlackBerry Ltd. (NASDAQ:BBRY): Current price $8.22
According to the Globe and Mail, the former Apple Inc. Chief Executive John Sculley, who notoriously clashed with Steve Jobs, is mulling a bid along with Canadian partners, for the embattled BlackBerry Ltd. Sculley said that he could not comment on the matter, but observed that, “I’ve been a long-time BlackBerry fan and user.” A number of suitors have emerged for the firm, such as Fairfax Financial Holdings Ltd.
R. R. Donnelley & Sons Co. (NASDAQ:RRD): Current price $17.79
On Thursday, R.R. Donnelley and Consolidated Graphics, Inc. jointly announced that they have reached an agreement by which RR Donnelley will purchase Consolidated Graphics, which supplies digital and commercial printing, fulfillment services, print management, and proprietary Internet-based tech solutions. The agreement has been unanimously confirmed by each firm’s board. Through the terms, Consolidated Graphics shareholders will receive a combination of $34.44 in cash and a fixed exchange ratio of 1.651 Donnelley shares for each outstanding share of Consolidated Graphics they hold, or $62 per share based on Donnelley’s close on October 23. This consideration represents a transaction value of around $620 million, plus the assumption of Consolidated Graphics’ net debt.
Rackspace Hosting Inc. (NYSE:RAX): Current price $52.59
This week, Rackspace announced that it was acquiring the Israeli cloud tech firm ZeroVM, which offers a hypervisor built for the cloud, that compensates for the advantages and limitations of cloud. Off-loading data from a local server permits developers to easily access much data at once, but most cloud architectures require moving the data back to the application for processing, which can cause inaccurate results because of latency matters.
TELUS Corp. (NYSE:TU): Current price $34.73
TELUS will acquire 100 percent of Public Mobile. Upon approval from the Competition Bureau after Thursday’s approval by Industry Canada, the deal will ensure continuity of service and enhanced functionality for Public Mobile’s 280,000 wireless customers. Financials of the transaction were not disclosed. Proceeds will be used to satisfy Public Mobile’s debt and also equity investors. Public Mobile employees will have a chance to review and secure roles with TELUS.