4 Merger and Acquisitions Stock Stories to Round Out the Week

The Coca-Cola Company (NYSE:KO): Current price $37.55

On Thursday, the Mexican bottling company Coca-Cola FEMSA SAB De CV said that it will acquire Grupo Yoli in a transaction valued at approximately $700 million in which Coke will pay with shares and absorb debt. Grupo Yoli will receive 42.4 million newly-issued Coca-Cola FEMSA L Shares, with each valued at 184 pesos. Further, Coca-Cola FEMSA will absorb 1 billion pesos in net debt. The purchased company operates in the western states of Guerrero and Oaxaca.

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Liberty Media Corporation (STRZA): Current price $15.79

After a very long time, Liberty now has majority ownership of  the satellite radio broadcaster Sirius XM Radio, according to a securities filing. It happened on Thursday when John Malone’s Liberty Media purchased another 50 million shares of Sirius at an average price of $3.15 per share. Subsequent to that, Liberty owns around 1.9 billion shares of Sirius XM’s common stock.


CNOOC Limited (NYSE:CEO): Current price $209.68

The now-famous proposed takeover by CNOOC of Nexen (NYSE:NXY) has moved a step further as China’s National Development and Reform Commission, the country’s top economic planning body, announced Friday that it has okayed the deal. In its decision, the Commission cited the National Energy Administration in a statement published on its website, but nothing else. In December, government of Canada approved the acquisition, but the deal is still waiting approval by the United States  government.


Six Flags Entertainment Corporation (NYSE:SIX): Current price $62.75

SeaWorld Parks and Entertainment has attracted early interest from the private equity firm Apollo Global Management and the amusement park operator Six Flags, according to three inside sources.  SeaWorld, which is controlled by The Blackstone Group, filed for an initial public offering in December, but at the same time is also in discussions with potential suitors, says Reuters.


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