Dell and 16 Stocks Making Deal Buzz This Week

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

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MetLife (NYSE:MET): Current price $36.90

MetLife enters an agreement with BBVA through which to purchase the largest private pension fund administrator in Chile, AFP Provida. Under the agreement, MetLife will conduct a public cash tender offer for all of the outstanding shares of Provida and BBVA will transfer its 64.3 percent stake to MetLife. The purchase price should be around $2 billion.

Clearwire Corporation (NASDAQ:CLWR): Current price $3.20

On Friday, Clearwire filed a preliminary proxy statement linked with its agreement with Sprint Nextel Corporation (NYSE:S) for the latter to buy the remaining 50 percent-interest in Clearwire that it does not already own at $2.97 per share. As previously reported on January 8th, Clearwire received an unsolicited, non-binding proposal.

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Perrigo Company (NASDAQ:PRGO): Current price $108.30

Perrigo will acquire Velcera at a purchase price of $160 million in cash. The transaction should close during calendar year 2013, assuming the satisfaction of closing conditions, including regulatory approvals. Velcera is a top companion pet health product firm focused upon supplying consumers with best-in-class pet health products containing the same active ingredients as branded veterinary products, but at a lower cost.

News Corp. (NASDAQ:NWS): Current price $28.90

News Corp. has just about finalized its divestiture of its IGN gaming business to the business cloud provider Ziff Davis, a company which is now owned by J2 Global, according to inside sources. Although the purchase price in the deal is unknown, sources say that News Corp. acquired IGN for $650 million in late 2005 and that this transaction is considerably lower. IGN has been on the block for the past half-year following a failed attempt to spin it off.

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Kohlberg Kravis Roberts & Co. (NYSE:KKR): Closing price $17.85

The buyout firms Permira Advisers and KKR are collaborating with JPMorgan Chase concerning options for their controlling interest in the German broadcaster ProSiebenSat.1 Media that might include a sale, according to a knowledgeable source who explained that the parties currently own 53 percent of ProSieben and might pull out in 2013 by divesting their stake to another firm or place it on the block. On Monday, the firm that might be sold was valued at €2.9 billion.

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

Oracle Corporation (NASDAQ:ORCL): Closing price $34.90

Oracle will purchase the session border control tech provider Acme Packet for $29.25 per share or about $1.7 billion net of Acme Packet’s cash. The firm enables the trusted first-class delivery of next-generation voice, data and unified communications services and applications throughout IP networks.

Jabil Circuit (NYSE:JBL): Closing price $19.36

Jabil will acquire Nypro, a supplier of manufactured precision plastic products for customers in the healthcare, packaging and consumer electronics industries, bringing in more than $1 billion in total annual revenues. Chief executive Timothy L. Main of Jabil said that, “The combination with Nypro will extend Jabils materials manufacturing capabilities into the healthcare and consumer packaging markets as well as add depth to our consumer electronics business.”

Harry Winston Diamond Corporation (NYSE:HWD): Closing price $14.65

The corporation advises that it has been served with a formal Notice of Discontinuance of the court action brought by C. Fipke Holdings related to Harry Winston’s proposed acquisition of BHP Billiton’s interests in the Ekati diamond mine against the former, BHP Billiton Canada, Stuart Blusson, Archon Minerals and other associated firms. Harry Winston has been told by BHP Billiton that all of its joint venture partners have agreed to waive their rights of first refusal, including regulatory approvals, in regards to the sale by BHP Billiton to Harry Winston, pursuant to their existing purchase agreements.  The discontinuance of the action and waivers of the rights of first refusal permit the transactions between Harry Winston and BHP Billiton to proceed, subject to satisfaction of closing conditions.

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Dell (NASDAQ:DELL): Current price $13.63

On Tuesday, Dell signed a definitive merger agreement under which the company founder, Chairman and Chief Executive Michael Del, in partnership with the world tech investment firm Silver Lake, will purchase the firm. Through the terms, Dell stockholders will receive $13.65 in cash for each share of Dell common stock they hold, in a transaction valued at about $24.4 billion. The price represents a bonus of 25 percent over Dell’s close of $10.88 on January 11th, which was the last trading day prior to rumors of a possible going-private transaction were first published. The deal also represents a premium of roughly 35 percent over Dell’s enterprise value as of January 11th; and a premium of around 37 percent over the average closing share price during the previous 90 calendar days ending on the same date. The board unanimously approved the transaction, with Michael Dell recusing himself from voting.

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

AOL (NYSE:AOL): Current price $33.72

Sources to TechCrunch say that the consumer electronics review site gdgt is in late-stage acquisition negotiations with AOL, and that a deal for the latter to acquire gdgt could be ready in days. TechCrunch is already owned by AOL.

ProPhase Labs (NASDAQ:PRPH): Current price $1.62

The Zicam products maker Matrixx Initiatives reported Tuesday that it is withdrawing its $1.60 per share-offer made in October to purchase all of the outstanding shares of ProPhase Labs.

Praxair (NYSE:PX): Current price $111.61

The industrial gases firm Praxair will acquire the beverage carbonator NuCO2 from the private-equity company Aurora Capital Group at cash price of $1.1 billion, as the buyer follows its recent acquisitions series. NuCO2 aims at fast service restaurants and convenience stores, offering fountain beverages, and has 162,000 customer locations and a workforce of 900. The transaction should to be neutral or a slight plus to Praxair’s full-year per-share earnings, and is expected to close by the end of the first quarter.

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