4 Merger and Acquisitions Stock Stories Ready for Monday Appraisal
Google Inc. (NASDAQ:GOOG): Current price $887.76
Google has acquired Bump, a mobile application that was one of the early hit mobile apps but never developed into a large entity. The app was created to allow people to share contact information by just bumping their phones together, and the firm also evolved to permit the sharing of things such as photos through bumps. Subsequently, it debuted a second app named Flock for group photo sharing. Financials of the transaction were not reported.
Accenture plc (NYSE:ACN): Current price $76.34
Accenture will purchase a majority interest in the mortgage-processing tech firm Vivere Brasil Serviços e Soluções S.A, which is partly owned by BTG Pactual. The move is designed to boost Accenture’s mortgage-processing tech and services capabilities, so as to help Brazilian banks enhance their efficiencies and capacity for processing loans in the country’s quickly expanding mortgage market.
After the acquisition closes, Accenture will hold majority ownership and also have management responsibility for Vivere Brasil. Through its investment in Vivere Brasil, Accenture will expand its mortgage-services capabilities in Brazil, in which the mortgage industry is developing quickly.
Rockwood Holdings Inc. (NYSE:ROC): Current price $66.61
Knowledgeable sources told Reuters Monday that Rockwood is in advanced discussions to divest its titanium dioxide unit and other pigments divisions to Huntsman Corp. One of the sources reported that a deal could be signed within the next few days. In the talks, the units are being valued at between $1 billion and 1.2 billion including debt.
Harsco Corp. (NYSE:HSC): Current price $26.20
The diversified worldwide industrial firm Harsco Corp. said on Monday that it will divest its Infrastructure division into a joint venture with Clayton, Dubilier & Rice, through a transaction that will unite that division with Brand Energy & Infrastructure Services, Inc., which CD&R is simultaneously purchasing from First Reserve.
The combined entity, which will go forward under the name Brand Energy & Infrastructure Services, will be a single-source supplier of specialized industrial services to the global energy and infrastructure sectors. At the close, Harsco will receive cash proceeds of about $300 million and a 29-percent equity stake in the combined firm, which has an enterprise value of around $2.5 billion.
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