4 Mergers and Acquisitions Stock Stories Ready for Weekend Due Diligence

Dell Inc. (NASDAQ:DELL) Current price $13.81

On Friday, Judge Leo Strine, presiding over Carl Icahn’s lawsuit against Dell, dismissed the activist investor’s allegations that the company and its board breached their fiduciary duties by accepting CEO Michael Dell’s $25 billion takeover bid, Reuters reports. Strine turned aside Icahn’s request to fast-track his lawsuit against Dell, which was created to block the controversial buyout, and said that he will set a formal hearing on the lawsuit but pressed Icahn and the firm to settle their differences in the meantime.

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DELL 20130816

KKR (NYSE:KKR): Current price $19.42

The private equity firm KKR is among potential suitors for the ParknShop business of Hutchison Whampoa Ltd., controlled by Asia’s richest man, Li Ka-shing. The company has received at least seven offers for its Hong Kong supermarkets business, according to sources who spoke to Reuters. Offers reportedly came from Australia’s Woolworths Ltd., Japan’s Aeon Co., China Resources Enterprises Ltd. , KKR, and TPG Capital along with a partner. In July, Hutchison reported a strategic review of the unit, which operates 345 stores in Hong Kong, mainland China, and Macau, and set an asking price of between $3 billion and $4 billion. The first-round bids were due Friday.

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KKR 20130816

OpenText Corp. (NASDAQ:OTEX): Current price $68.46

OpenText said Friday that it purchased the BPM market leader Cordys, which is based in The Netherlands. The addition of Cordys allows OpenText customers the most comprehensive set of EIM and BPM software from a single supplier, according to a company statement. Customers leveraging the benefits of its software include Siemens, Mercer, Pacific Blue Cross and Tata Steel. The deal also permits OpenText to more aggressively leverage indirect market channels like ISVs, SIs, and MSPs. The transaction is now complete, with an approximate purchase price of $33 million.

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OTEX 20130816

ING Groep (NYSE: ING): Current price $11.35

The commercial lending division of ING Groep, ING Real Estate Finance, said Friday that it has divested a $1.6 billion commercial loan portfolio to Wells Fargo. The sale was comprised of 29 performing loans and is equal to about 50 percent of ING Real Estate’s total United States loan portfolio, according to a press release. Specific financial terms were not reported.

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ING 20130816

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