Dell and 12 Stocks Making Deal Buzz This Week

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

Saks Inc. (NYSE:SKS): Current price $16.14

The Toronto-traded Hudson’s Bay Company will acquire the iconic retailer Saks in a transaction worth close to $3 billion, including debt. The buyer already owns Lord & Taylor and a network of Hudson’s Bay department stores throughout Canada, and this purchase will have the group managing 320 stores in the United Satets and Canada. Hudson Bay Chairman and Chief Executive Richard Baker said in a written statement, that ”This exciting portfolio of three iconic brands creates one of North America’s premier fashion retailers. With the addition of Saks, HBC will offer consumers an unprecedented range of retailing categories and shopping experiences.”

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

SKS 20130803

Penske Automotive Group, Inc. (NYSE:PAG): Current price $38.72

The global automotive retailer said Monday that it will acquire the distributor of commercial vehicles, linked spare parts, and aftermarket support Western Star Trucks Australia, spanning Australia and New Zealand, and portions of Southeast Asia, from Transpacific Industries Group Limited. The business mostly distributes heavy and medium-duty trucks for Western Star, MAN, and Dennis Eagle through a network of more than 80 independent dealers, while serving customers through several industries, including construction, on-highway, logistics, mining, manufacturing, and agricultural and waste/refuse collection.

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

PAG 20130803

Cellcom Israel Ltd. (NYSE:CEL): Current price $11.31

Sources to Globes say that the French communications magnate Xavier Niel, who holds 30 percent of Golan Telecom Ltd. along with controlling shareholder Michael Golan, have gotten a proposal to purchase control in the mobile operator Cellcom Israel, which they are already considering. Additionally, the offer was likely made through the investment bank Lazard. IDB Holding Corp. Ltd., controlled by the controlling shareholder in Cellcom Nochi Dankner, refuted the idea that the mobile operator is on the block, but a senior source close to Niel and Golan confirmed that an offer to acquire the firm has been made, and that they are seriously thinking about it.

On Tuesday, Cellcom said that its controlling shareholder advised it that despite rumors in the media concerning a supposed offer made to a third party to acquire the firm, it is not on the block. The company supplied this information at the request of its controlling shareholder, IDB, in conjunction with certain debt arrangements for IDB. Cellcom is providing this information only because of this request, but otherwise does not intend to comment on market rumors.

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

CEL 20130803

Don’t Miss: From Payroll to Payday Loans, Wal-Mart Wants to Be in Your Wallet.

US Airways Group Inc. (NYSE:LCC): Current price $18.92

US Airways (NYSE:LCC) and AMR Corp.’s (AAMRQ.PK) American Airlines look set for the next step in their $11 billion merger.

The deal will reportedly receive European Commission approval, after the two airlines agreed to give up slots at Philadelphia and Heathrow airports in response to concerns about competition along the transatlantic route, sources told Reuters on Monday. One person was quoted as saying, “The deal is set to be approved.” An official ruling is expected by August 6.

LCC 20130803

Regulators in the U.S. are also reviewing the merger, which would create the largest airline in the world, and bring American Airlines out of Chapter 11 bankruptcy protection. The potential go-ahead from the European Union is positive news for both airlines, which have faced intense scrutiny since news of the deal broke in mid-February.

The deal has also attracted a fair share of antitrust overseers, including 19 U.S. attorneys general, the Transportation Department, and the Government Accountability Office. The Justice Department must approve the merger before it moves forward.

If approved, the tie-up will be the fourth significant merger involving U.S. carriers in six years — following Southwest Airlines’s (NYSE:LUV) move to buy AirTran Airways in 2011, Continental Airlines and United Airlines’s deal to become United Continental Holdings (NYSE:UAL) in 2010, and Delta Air Lines’s (NYSE:DAL) acquisition of Northwest Airlines in 2008.

American Airlines has won the approval of creditors for its plan to get out of bankruptcy protection by merging with US Airways Group, thus forming the biggest carrier on the planet. Preliminary results indicated that a minimum of 88 percent of ballots in each creditor class approved the plan, representing over 97 percent of the claim value in each group, according to a Friday statement of parent AMR Corp. The vote moves American a step nearer to the completion of the merger with US Airways. The carriers are now waiting for approval from the Manhattan federal court overseeing AMR’s bankruptcy, as well as approval from the Justice Department, which is looking to see if the combination will create a monopoly in any market.

Don’t Miss: Whisper Number: Another Negative Price Reaction After JetBlue Earnings?

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

Hess Corp. (NYSE:HES): Current price $75.31

Hess announced Tuesday that it will sell its energy marketing business for a total of $1.025 billion to Direct Energy, a North American subsidiary of Centrica PLC. The energy marketing unit provides natural gas and electricity to some 23,000 commercial, industrial, and small business customers residing in the eastern half of the United States. The transaction forms part of the previously reported plan for Hess to get out of the entirety of its downstream business as it transitions into a pure play E&P company with a portfolio of focused, high growth, and lower risk assets.

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

HES 20130803

Teck Resources Ltd. (NYSE:TCK): Current price $23.83

A source told Bloomberg that Canada’s No. 2 mining company is among the remaining bidders for Rio Tinto Group’s controlling interest in Iron Ore Co. of Canada. The source also said that Rio might decide to retain its stake in Iron Ore Co., having been disappointed with the bids it has received so far. Rio thought about divesting the division’s mining and infrastructure assets separately, but then decided against the plan, according to the source.

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

TCK 20130803

Don’t Miss: Will Starbucks Soon Charge Up You and Your Phone?

Dell Inc. (NASDAQ:DELL): Current price $13.65

The dreaded Carl Icahn has filed a lawsuit Thursday to attempt to block Dell from scheduling another new record date prior to a key shareholders’ vote, raising the stakes further in a battle to avert a $24.4-billion buyout of the personal computer maker. Icahn has urged his fellow shareholders to turn down Chief Executive Michael Dell’s and Silver Lake’s bid to acquire and take Dell private, including a list of demands in his lawsuit such as the CEO and his affiliates should be disallowed from voting any shares purchased after February 5.

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

DELL 20130803

Adobe Systems Inc. (NASDAQ:ADBE): Current price $47.50

On Thursday, Adobe made its fourth acquisition of the year as it bought Satellite, which is a tag management tech firm that assists marketers with analytics and media tracking across web sites. The purchase should further reinforce its marketing and analytics business. Satellite, based in Atlanta, had been part of the bigger interactive marketing agency Search Discovery. Tech Crunch says that it is endeavoring to learn the financial terms of the transaction, and also says that it looks as if Search Discovery is spinning off only its Satellite business, instead of the entire company joining Adobe as well.

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

ADBE 20130803

The Standard Register Co. (NYSE:SR): Current price $14.15

Standard Register announced Thursday that it has purchased WorkflowOne in a deal valued at $218 million, which was financed by assuming $210 million of long-term debt and issuing warrants having an estimated value of $8 million. The transaction reinforces the buyer’s revenue position, improves its product and solutions portfolio, widens its customer base, enhances its cost structure, and allows greater financial flexibility and stability. Standard Register anticipates $1 billion in yearly revenue and $40 million in annual savings once the integration of the two firms is completed.

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

SR 20130803

Blucora Inc. (NASDAQ:BCOR): Current price $21.57

Blucora said Thursday that it will acquire Monoprice, the online provider of self-branded consumer electronics and accessories. The all-cash $180-million transaction is subject to satisfaction of the usual closing conditions and should close in the third quarter. Blucora operates two Internet businesses, and its InfoSpace business supplies online search and monetization solutions to a network of over 100 partners worldwide.

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

BCOR 20130803

Investing Insights: Will Siemens Stock Take Off With Proposed Changes?

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

Yahoo! Inc. (NASDAQ:YHOO): Current price $27.65

Yahoo! has acquired the social browsing startup Rockmelt. The latter’s apps and website will shut down after August 31, said a Yahoo spokesperson. The buyer plans to integrate Rockmelt’s tech across various products, according to both parties. Rockmelt has a well-regarded team that was probably drawn to Yahoo Chief Executive Marissa Mayer, as she continues to develop her own team.

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

YHOO 20130803

Chevron Corp. (NYSE:CVX): Current price $124.91

The indirect division of Chevron Corp., Chevron Canada, said late Thursday that it will acquire all interests in the Duvernay shale formation in west-central Alberta from Alta Energy Luxembourg Sarl and affiliates. Financials of the transaction were not revealed, but sources said that the deal came in at just under $1 billion. The acquired stakes cover 67,900 net acres in the Duvernay, which is a popular play in oil and gas, both for its natural gas and its natural gas liquids, which bring a higher market price.

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

CVX 20130803

Emergent BioSolutions Inc. (NYSE:EBS): Current price $17.87

Emergent BioSolutions said Friday that it has closed on its purchase of Bracco Diagnostics Inc.’s Healthcare Protective Products Division. This acquisition includes the RSDL (decontamination lotion) product cleared for marketing by the FDA, for removal or neutralization of chemical warfare agents from the skin. The purchase also diversifies and broadens Emergents biodefense franchise into the chemical countermeasure market.

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

EBS 20130803

Don’t Miss: Back to Business as Usual for Boeing: Pentagon Awards $2 Billion Contract.

More from The Cheat Sheet