Mergers and Acquisitions: Computer Sciences and Cree Catch a Bid
Computer Sciences (NYSE:CSC) soars on a WSJ report of PE interest. Interest includes firms such as Blackstone (NYSE:BX) and TPG Capital. The IT services provider has long thought to be coveted by buyout firms. Recent share declines may make the company a compelling value.
Investing Insights: What Did Warren Buffett Trade in the Third Quarter?
Cree (NYSE:CREE) took off once again, but has since given back some of its gains. Takeover rumors have been speculated for years that lighting giants General Electric (NYSE:GE) and Philips (NYSE:PHG) might be interested in making a bid.
ChinaCast Education (NYSE:CAST) shares are up 17.3%. A special committee of independent directors has formed to consider strategic alternatives after an institutional investor made an unsolicited bid for the online education provider. The bid was at a “significant premium” to the stock price.
Don’t Miss: What Are These 3 Hedge Funds Doing With Gold?