Google and 11 Stocks Making Deal Buzz This Week

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

GlaxoSmithKline (NYSE:GSK): Current price $51.50

Following negative feedback from minority shareholders, GlaxoSmithKline has abandoned a plan to boost its interest in the firm’s consumer healthcare division GSK Consumer Nigeria. The decision marks a new jolt to the firm, as bailing on the arrangement loses an opportunity to increase its indirect ownership in the unit to 75 percent, while the company fights a corruption scandal in China. On Monday, Glaxo said that it will consult shareholders and the Securities and Exchange Commission regarding the proposal, including whether it should be implemented via a tender offer.

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GSK

Google Inc. (NASDAQ:GOOG): Current price $885.35

Google has made another move towards a commercial version of its Google Glass eyewear, by purchasing a small interest in a division of the Taiwanese chip producer Himax Technologies Inc., which creates tiny displays. Google will buy a 6.3-percent stake in Himax Display Inc., and has an option to hike its stake to 14.8 percent within a year, according to a Himax statement, which did not report any financial details. For its part, Google confirmed the deal in an email to Reuters, and said that Himax Display Inc. has been its partner for several years.

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GOOG

Spartan Stores, Inc. (NASDAQ:SPTN): Current price $20.73

The regional grocery distributor and retailer Spartan Stores, and the food distribution firm Nash Finch Co. (NASDAQ:NAFC), announced that they have reached  a definitive merger accord, through which Spartan Stores and Nash Finch will combine in an all-stock merger valued at about $1.3 billion, including existing net debt at each firm. The combination forms an entity in the retail and military commissary, grocery wholesale, and exchange channels, with pro forma annual sales of roughly $7.5 billion.

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SPTN

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Cisco Corp. (NASDAQ:CSCO): Current price $25.55

On Tuesday, Cisco and Sourcefire reported that Cisco will purchase the cybersecurity solutions firm Sourcefire. The companies will unite their world-class products, tech, and research teams, and through the terms of the arrangement, Cisco will pay $76 per share in cash in return for each share of Sourcefire, and assume outstanding equity awards for a total purchase price of roughly $2.7 billion, including retention-based incentives. The transaction has been cleared by the board of directors of each firm.

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CSCO

Telefonica S.A. (NYSE:TEF): Current price $14.05

The Dutch telecoms group KPN will divest its German division to Telefonica at a cash price of $11 billion and shares in a transaction that will test antitrust regulators’ attitudes in Europe’s biggest mobile market. Should the deal pass scrutiny, the new entity would hold a share of approximately 30 percent of Germany’s mobile service revenue, and would be in a stronger position to challenge Deutsche Telekom and Vodafone, which hold 35 percent apiece. Telefonica reported that it anticipates the deal will close in the first half of 2014, which implies that it expects a quite thorough antitrust review by the European Commission.

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TEF

Neonode Inc. (NASDAQ:NEON): Current price $7.77

The optical touch tech firm Neonode said it has reached a license agreement with an unidentified Tier-One Consumer Electronics OEM in South  Korea, through which to integrate its MultiSensing touch tech into high-volume consumer applications. Neonode’s growing success in budding consumer markets, like tablets and wearables, is a credit to its patented optical MultiSensing touch technology, which offers OEMs an incomparable value deal.

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NEON

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Time Warner Cable (NYSE:TWC): Current price $116.85

Two sources told Reuters that the owners of video streaming site Hulu LLC have called off discussions with Time Warner Cable after failing to reach agreement on a price. Hulu’s owners started talks with Time Warner Cable in early July, after they were unable to entice satisfactory bids in an auction of the service.

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TWC

Rosetta Stone (NYSE:RST): Current price $16.21

On Thursday, Rosetta Stone said it will acquire the education tech firm Lexia Learning Systems Inc., whose English reading products are employed in more than 14,000 schools and used by more than one million students online, for $22.5 million. The cash transaction represents Rosetta Stone’s first extension beyond language learning and takes the company deeper into the education tech industry.

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RST

Spirit Aerosystems Holdings (NYSE:SPR): Current price $26.00

Chatter continues that the U.K. car and aerospace supplier GKN might tender an offer for part or all of Spirit Aerosystems, but the latter said on Thursday that it is laying off some 360 workers in Kansas and Oklahoma. The action affects salaried support and management employees and is said to be part of a strategy to make the aerospace supplier more cost-competitive, according to a Spirit statement. The company manufactures airplane body sections for the Boeing 737 and Airbus A320 jets, along with wing pieces and other components for other aircraft makers, among which include Bombardier, Gulfstream, and Mitsubishi.

SPR

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Republic Airways Holdings Inc. (NASDAQ:RJET): Current price $13.57

On Friday, Republic announced that it has reached a nonbinding deal to divest its Frontier division, causing a 5.6 percent spike in the company’s shares. Chief Executive Bryan Bedford said the terms stipulate that certain conditions be met to secure a binding accord, and complete the potential sale. The seller did not specify the buyer’s identity, but referred to it as a third party. During an earnings conference call, Bedford commented that “If a binding sales agreement is reached… we currently would expect such a closing to occur late in the third quarter.” Republic, which operates regional carriers Republic Airlines and Chautauqua Airlines, has wanted to divest itself of Frontier since late 2011, having brought it out of bankruptcy two years prior.

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RJET

W.P. Carey Inc. (NYSE:WPC): Current price $70.89

Corporate Property Associates 16 – Global Incorporated reported Friday that it will be acquired by W. P. Carey Inc., in a transaction valued at around$4 billion. The transaction has been approved by CPA:16 Global’s board, upon the unanimous recommendation and approval of a Special Committee comprised of its independent directors. The merger must still be approved by stockholders of both W. P. Carey and CPA:16 Global.

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WPC

Syntroleum Corp. (NASDAQ:SYNM): Current price $6.40

Syntroleum said that its board has retained Piper Jaffray & Co. for exploring strategic alternatives, so as to enhance shareholder value. This move was prompted by unsolicited offers coming from third parties connected with a potential sale of the firm, its assets, its intellectual property, or a combination thereof. Piper Jaffray is presently helping the company examine these alternatives and is actively contacting additional parties as part of the process. However, the firm said Friday that there can be no assurances as to whether any one strategic alternative will be recommended by the board or undertaken — or, if so, upon which terms and conditions.

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SYNM

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