4 Merger and Acquisitions Stock Stories to Close the Trading Week

Campbell Soup Company (NYSE:CPB): Current price $45.56

On Friday, the iconic soup company said that it will purchase Plum Organics, which provides premium, organic foods and snacks for the nutritional needs of infants, toddlers, and children. Plum is based in Emeryville, California, and is the number-two brand of organic baby food in the United States, and is presently the number-four baby food brands overall. Financials of the transaction were not divulged. The deal will not affect the company’s previously-reported fiscal 2013 guidance, and will be funded through available credit. The transaction should close in the fourth quarter of fiscal 2013.

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CPB

Iconix Brand Group (NASDAQ:ICON): Current price $30.10

Iconix Brand said Friday that it has acquired the 49-percent minority interest in IP Holdings Unltd., owner of the Ecko Unltd., Marc Ecko Cut & Sew, and related trademarks. Prior to this, the firm held a 51-percent controlling position in IPHU. Marc Ecko Enterprises will continue as the core apparel licensee for the brands.

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ICON

Tempur-Pedic International (NYSE: TPX): Current price $42.74

The company has announced that stockholders okayed the change of its name to Tempur Sealy International at the annual meeting of stockholders on May 22nd. The corporate name Tempur Sealy International recognizes the transformational quality of the recent merger of Tempur-Pedic and Sealy. Tempur-Pedic finalized the purchase of Sealy Corporation on March 18.

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TPX

Kohlberg Kravis Roberts & Co. (NYSE:KKR): Current price $20.23

Toshiba Corp and the American private-equity firm KKR are among those potential buyers expected to bid for Panasonic Corp’s healthcare unit, said some knowledgeable financial sources. Panasonic hopes to raise up to $1 billion by selling shares in the healthcare division, whose products include blood sugar monitoring equipment, hearing aids, and electronic medical record-keeping systems. The corporation is being advised by Bank of America Merrill Lynch on the divestiture, and has set a deadline of Monday for first-round bids, according to the sources.

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KKR

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