Blackberry and 10 Stocks Making Deal Buzz This Week

Here’s your Cheat Sheet to this week’s top mergers and acquisition news:

BlackBerry Ltd. (NASDAQ:BBRY): Current price $10.51

A number of private equity executives believe that an arrangement to take BlackBerry private might be logical from a financial standpoint, although any such move would not make the smartphone firm any more competitive. Following a weekend Reuters report that BlackBerry’s board was getting closer to the possibility of going private as it struggles to revive its fortunes, executives said that the figures for a leveraged buyout could still work.

According to The New York Post, BlackBerry wants a “strategic white knight with a big bankroll.” The struggling firm put itself on the block Monday, and recruited JPMorgan to advise it, sending the shares up over 10 percent at one point Tuesday. Ideally, the firm is hoping for a “Google-like” investor, instead of a private-equity firm, says The Post. Knowledgeable sources believe that BlackBerry wants to obtain a deal similar to the almost $13 billion transaction 15 months ago between Google and handset maker Motorola Mobility. One source remarked that ,”Ideally, they’d want to be put into a big technology company.”

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Rockwell Collins Inc. (NYSE:COL): Current price $72.56

Rockwell on Monday said it will purchase Arinc Inc., a portfolio firm of The Carlyle Group and a provider of communications and information processing solutions for the commercial aviation industry, at a price of $1.39 billion. The agreement will unite leading players in the field of aviation information management, combining Arinc’s networks and services with the industry-leading avionics and cabin technologies developed by Rockwell Collins, according to a company release. The transaction should close upon receipt of regulatory approvals and other usual conditions.

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Pinnacle Foods (NYSE:PF): Current price $26.45

Pinnacle announced Monday that it will acquire the Wish-Bone salad dressings division from Unilever PLC in a transaction that should be immediately accretive to the buyer. The purchase, which is subject to customary closing conditions, is anticipated to be finished in late third or early fourth quarter.

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

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Quest Diagnostics Inc. (NYSE:DGX): Current price $58.11

Royalty Pharma said Monday that through a collaboration with Aisling Capital and Clarus Ventures it has divested to the latter firms about 20 percent of the royalty interest in ibrutinib it recently bought from Quest Diagnostics for a pro rata percentage of the $485 million that Royalty Pharma paid to Quest for the royalty.

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Don’t Miss: BlackBerry Considering Its Options, Even the Auction Block.

 

Xerox Corp. (NYSE:XRX): Current price $10.30

On Tuesday, Xerox reported its purchase of CPAS Systems Inc., a company that supplies pension administration software to the private and public sectors, based in Toronto. CPAS software facilitates administration and record keeping for defined benefit, defined contribution, and hybrid retirement savings plans, together with health, welfare and group life insurance premiums. The firm’s open-architecture platform contains mobile and Web-enabled tech and oversees pensions for over 2 million persons in Canada, the United States, Europe, Asia, Africa, and the Caribbean.

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

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Novartis AG (NYSE:NVS): Current price $73.34

An inside source says that Novartis is no longer in the bidding for Onyx Pharmaceuticals Inc., whose current valuation is said to have made it too costly for Novartis. A spokeswoman for Onyx Lori Melancon, said the firm does not comment on rumors and speculation. Novartis spokesman Eric Althoff would not comment either.

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

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SolarCity Corp. (NASDAQ: SCTY): Current price $37.15

SolarCity and Paramount GR Holding, LLC, dba Paramount Equity, said Tuesday that SolarCity will purchase the assets of the latter, which is a subsidiary of Paramount Equity, in a transaction valued at roughly $120 million. Though the terms, SolarCity will buy the Paramount Solar business for $116.3 million in stock and the rest in cash. Paramount Equity Chief Executive Hayes Barnard will come to SolarCity as chief revenue officer in charge of the firm’s sales and marketing organizations upon the close.

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

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Don’t Miss: Will the Justice Department Crush the American Airlines-US Airways Merger?

US Airways Group Inc. (NYSE:LCC): Current price $16.01

Two days after the Department of Justice moved to block US Airways Group’s merger with AMR Corp.’s American Airlines — a deal that would end the latter’s bankruptcy — United States Bankruptcy Judge Sean Lane in Manhattan on Thursday asked lawyers to submit briefs on the impact of the department’s antitrust lawsuit before he went forward with the planned confirmation hearing. Lane said that he had considered postponing the hearing, Reuters reports. Prior to the suit, American hoped that the hearing would be the “final episode” in its reorganization, according to its attorney, Joe Sims, who told the publication: “It’s not going be now, so they will deal with that. They’ll adjust and continue as they have been.”

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

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Intel Corp. (NASDAQ:INTC): Current price $21.92

Intel spokeswoman Cara Walker said to FierceWireless that the company has acquired Fujitsu Semiconductor Wireless Products, a specialist in RF transceiver tech, in a move to boost its LTE and overall mobile expertise. Walker explained to the publication that “The deal extends Intel’s investments in mobile cellular technology and adds an  experienced RF team to our world-class RF development community.”  Financials of the transaction, which was first reported by analyst Will Strauss at Forward Concepts, were not reported.

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

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International Business Machines Corp. (NYSE: IBM): Current price $185.12

IBM on Thursday said it will acquire Trusteer, which provides software that aids organizations in guarding themselves against financial fraud and advanced security threats, according to a company press release. The purchase of Trusteer promotes the investment the buyer is making in cloud-delivered software and services. The announcement also indicated that IBM is creating a cybersecurity software lab in Israel that will unite more than 200 Trusteer and IBM researchers and developers to work on mobile and application security, malware, advanced threat, counter-fraud, and financial crimes. Financial terms were not divulged.

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

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Triumph Group Inc. (NYSE:TGI): Current price $74.15

Triumph Group said Thursday that it will buy General Donlee Canada Inc., which makes flight-critical complex machined components. In consideration of the purchase, Triumph will pay a roughly $110 million in cash to acquire General Donlee’s outstanding equity and to retire its existing debt, the company said in a press release. The transaction is subject to the usual closing conditions and must be approved by General Donlee shareholders; it should be completed in the third quarter of fiscal year 2014.

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

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Don’t Miss: Could Apple’s Purchase of Matcha.tv Foreshadow Apple TV?

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