4 Merger and Acquisitions Stock Stories Ready for Thursday Due Diligence
Oracle Corp. (NASDAQ:ORCL): Current price $32.82
Oracle said Thursday that it has purchased the cloud-based content marketing provider Compendium that aids companies in planning, producing, and delivering engaging content spanning multiple channels throughout their customers’ lifecycle. Compendium’s innovative solution complements Oracle’s industry-topping Eloqua Marketing Cloud, which forms part of Oracle’s comprehensive Customer Experience solution. Financials of the transaction were not reported.
Harman International Industries Inc. (NYSE:HAR): Current price $71.21
The world audio and infotainment company announced its acquisition of the privately-held Duran Audio BV. The move supplies Harman with access to innovative electro-acoustic and software-based directivity control technologies such as the successful AXYS Intellivox line of steerable columns. The AXYS products and core technologies will be integrated with the Harman Professional audio product line. Founded in Zaltbommel, The Netherlands, by Gerrit Duran in 1981, Duran Audio has made for itself a strong reputation for its AXYS array of professional audio products that include amplifiers, loudspeakers, signal processors, and network devices.
Jos A. Bank Clothiers Inc. (NASDAQ:JOSB): Current price $48.20
Jos A. Bank Chairman Robert Wildrick said in an interview on Wednesday, that the clothier has received backing for its $2.3-billion takeover offer for Men’s Wearhouse Inc from the majority of the shareholders with large positions in both firms. A number of Jos A. Bank’s top four shareholders, including Fidelity, Royce & Associates, and Wellington Management are also among the top 30 shareholders in Men’s Wearhouse, says Thomson Reuters data as of June 30.
TigerLogic Corp. (NASDAQ:TIGR): Current price $2.02
On Thursday, TigerLogic announced that it will divest its Multidimensional Database Management Systems business to Rocket Software Inc. for gross proceeds of roughly $22 million in cash. The sale should close within the fourth calendar quarter of 2013, and is subject to satisfaction of the usual closing conditions.
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