AEGON Enters Strategic Partnership and 4 Stocks Hitting 52-Week Highs

AEGON (NYSE:AEG) signs an exclusive 25-year strategic partnership accord with Banco Santander, for the distribution of  both protection and general insurance products via the group’s extensive network of more than 4,600 bank branches, concentrated on a potential client base numbering 12 million customers. Through the terms, the former will buy a 51 percent  interest in both a life insurance firm, as well as in a non-life insurance company for €220 million, and depending upon the performance of the partnership, the firm may pay an additional amount following five years. The transaction should close in the first half of next year subject to regulatory approval, and it will be financed from existing resources. Shares closed up 2.54 percent on the day at $6.47, having been traded in a 52-week range of $3.87 to $6.39.

Arris Group’s (NASDAQ:ARRS) chief executive was promised by Google (NASDAQ:GOOG) that the firm would be held liable for only a “very small” amount of money if Motorola is found to have infringed TiVo’s (NASDAQ:TIVO) patents on its set-top boxes, according to TechCrunch. TiVo has brought suit against Motorola for patent violations, and the former firm has predicted that the damages from the infringement could be worth billions of dollars. On Wednesday, Arris agreed to purchase Motorola’s set-top box business. Shares closed up 3.58 percent on the day at $15.06, but have been traded in a 52-week range of $10.36 to $14.73.

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Blackrock (NYSE:BLK) and Federated Investors (NYSE:FII) may shield their funds from a deluge of money that will likely flood out of United States banks when a federal guarantee lapses on approximately $1.7 trillion in bank deposits. The worry is that cash pouring into the $2.65 trillion money-fund industry will further depress record low yields, and could also close some money-market funds to new investors, say sources to the Wall Street Journal. Shares closed up 1.69 percent on the day at $209.29, having been traded in a 52-week range of $160.25 to $209.37.

Illumina (NASDAQ:ILMN) could be acquired by Roche (RHHBY) at $66 per share, or for an aggregate of $8.1 billion, said the Swiss newspaper L’Agefi, citing trustworthy information that could not be verified, according to Bloomberg. An arrangement is said to have been reached last week, and might be announced in the first half of January, said L’Agefi. Shares closed up 7.76 percent on the day at $56.22, having been traded in a 52-week range of $27.25 to $55.39.

L-3 Communications (NYSE:LLL) Westwood division wins a contract from the United States Army to design and manufacture the next generation of 100 and 200 kW generator sets, which are known as Large Advanced Mobile Power Sources. The initial $11.5 million delivery order will supply Engineering and Manufacturing Development during a 32-month period. Also, there exist three production options for a total of up to 36 months, with a contract ceiling price of $92.2 million. Shares closed up 2.07 percent on the day at $77.91, and have been traded in a 52-week range of $65.87 to $77.70.

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