4 Merger and Acquisitions Stock Stories Ready for Tuesday Due Diligence

Vodafone Group Plc (NASDAQ:VOD): Current price $34.91

A knowledgeable source says that Vodafone is mulling over buying out the minority shareholders of its Indian division and might initiate discussions to that effect in the coming weeks. Vodafone currently has a 64.4 percent interest in Vodafone India Ltd., and so far has not decided how much it wants to spend, nor has it sought a nod from the foreign investment regulator for a purchase, according to the source. In 2011, a sale of a minority stake to Piramal Healthcare Ltd. valued the business in excess of $11 billion.

 

ABB Ltd. (NYSE:ABB): Current price $23.04

On Tuesday, the power and automation firm said that it will divest all its assets of Baldor’s generator-set business to Generac Holdings Inc. The latter produces generators and other engine-powered products, headquartered in Waukesha, Wisconsin. It is expected that the sale should close in the fourth quarter. Financials of the transaction were not divulged.

McKesson Corp. (NYSE:MCK): Current price $133.80

Shares of the pharmaceutical distribution major have set a new 52-week high at $138.43 on news that it is in advanced discussions to acquire its German counterpart Celesio AG for up to $5 billion. The Wall Street Journal reports that McKesson has gained access to Celesio’s books, and cited unidentified sources who said that McKesson might offer a 30-percent premium for Celesio. However, the persons also said that the deal also could collapse.

Quest Diagnostics Inc. (NYSE:DGX): Current price $62.16

The provider of diagnostic information services Quest Diagnostics announced Tuesday that it has purchased ConVerge Diagnostic Services, LLC from the strategic health care industry investor Water Street Healthcare Partners. ConVerge is a full-service laboratory that supplies clinical, cytology and anatomic pathology testing services to patients, physicians and hospitals in New England. Terms of the transaction were not reported.

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