4 Merger and Acquisitions Stock Stories Ready for Tuesday Due Diligence

Dell Inc. (NASDAQ:DELL): Current price $13.85

A knowledgeable source said Tuesday that Michael Dell and Silver Lake Management LLC now have the votes they need for approval of their proposed $24.9-billion leveraged. The person also reported that holders of two-thirds of the voting shares have indicated their approval for the proposed deal.

It appears that finally, Michael Dell is poised to see his buyout secured after a seven-month saga that had the fate of the number-three computer maker on the planet in doubt for most of 2013. On Monday, the billionaire financier Carl Icahn abandoned his opposition to the transaction, removing what was one of the biggest road blocks to getting the buyout okayed.


Walgreen Co. (NASDAQ: WAG): Current price $50.67

On Tuesday, Walgreen Co. and the privately-held regional pharmacy chain in North Carolina, Kerr Drug, reported that they have reached a definitive agreement through which Walgreens will purchase certain assets of Kerr Drugs’ retail drugstores and specialty pharmacy division. In its fiscal year 2012, Kerr Drugs retail drugstores and specialty pharmacy business posted total sales amounting to $381 million. Financials of the transaction were not divulged.

The acquisition will be structured as an asset transaction and includes Kerr’s 76 retail drugstores and its specialty pharmacy arm. The deal also includes a distribution center. Kerr Drug will keep the ownership of its long-term care pharmacy division.


Lloyds Banking Group (NYSE:LYG): Current price $4.93

Shares touched a 3-year high in London on Tuesday from speculation the United Kingdom government might begin selling down its 39-percent interest in the banking group in September. Inside sources said that the government is mulling over the sale of about 25 percent of its shares, worth roughly 5 billion euro, if it can sell at above the average buy-in price of 73.6 pence. Shares have more than doubled in value during the last 12 months, and were trading at 78.4 pence at 2:40 Eastern Time, up by 2.2 percent. The stock is up about 1.33 percent in New York on Tuesday afternoon.


3D Systems Corp. (NYSE:DDD): Current price $52.41

3D Systems said Tuesday that it has bought The Sugar Lab, which is a start-up micro-design company based in Los Angeles, centered upon 3D printing customized, multi-dimensional, and edible confections in real sugar. The Sugar Lab adopted 3D Systems’ Color Jet Printing technology with which to print on a sugar bed employing different flavored edible binders that meet all food safety requirements.

The buyer will immediately integrate The Sugar Lab 3D printing technique into its professional and consumer content-to-print platforms with a variety of production-quality applications, along with the ability to 3D print indulgences at home. Terms of the acquisition were not reported.


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