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.

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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.

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