4 Merger and Acquisitions Stock Stories To Follow on Thursday

Verizon Communications (NYSE:VZ): Current price $52.96

Two knowledgeable sources say that Verizon has hired advisers to prepare a potential $100 billion offer to take full control of Verizon Wireless from its partner Vodafone Group (NASDAQ:VOD). Verizon is said to be mulling an approximate 50/50 cash and stock bid for the 45 percent interest in Verizon Wireless that it does not already own. As of late Wednesday, the sources reported that it has not put a proposal to Vodafone, but the company has hired banking and legal advisers for a possible offer, and also that there are no guarantees that Vodafone will be interested in a deal or that any bid will come forth. However, they did say that Verizon was ready to push assertively and hopes to initiate discussions with Vodafone in the near-term for a ‘friendly’ agreement.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

vz

Cobalt International Energy (NYSE:CIE): Current price $28.92

The oil explorer Cobalt has doubled in value since it went public in 2009, now is looking like a takeover target for energy firms which are lured to its oil discoveries from Africato the Gulf of Mexico. The company has been elevated by offshore crude finds that Global Hunter Securities believes might yield a total drilling potential of up to 6 billion barrels of oil equivalent, which would equal almost all of the proved reserves of the OPEC member Ecuador, said data compiled by BP. Capital One Southcoast said that larger energy companies like Royal Dutch Shell may be enticed by the opportunity to reinforce crude resources, while Guggenheim Partners believes that suitors could include Chevron Corporation (NYSE:CVS), Exxon Mobil Corporation (NYSE:XOM), and/or ConocoPhillips (NYSE:COP).

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

cie

Telefonica (NYSE:TEF): Current price $14.37

Inside sources report that Telefonica is mulling the divestiture of its broadband Internet and phone unit in Germany, during a surge in investor interest in European fixed-line assets. The division, with 2.4 million broadband customers as part of Telefonica Deutschland Holding, could be sold to one of its competitors in that country, according to two of the sources, who also said that the company is also thinking about sharing its wireless network with another carrier along with a full merger with Royal KPN’s E-Plus, but no decision has thus far been made.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

tef

Baidu (NASDAQ:BIDU): Current price $92.43

The online video business of Baidu iQiyi is said to have acquired the Shanghai-based video streaming platform PPStream for between $350 million to $400 million. A spokesperson for Baidu would not confirm the reports, which have been percolating in the Chinese media since the end of March, but a statement issued by the chief of the competitor video platform Youku-Tudou seems to confirm that an agreement has indeed been reached.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

bidu

Don’t Miss: Most Americans Missed the ‘Economic Recovery.

More from The Cheat Sheet