Mergers and Acquisitions Recap: Apple TV and Zynga’s Spree

Shares of TII Network Technologies (NASDAQ:TIII), which supplies network products for the communications industry, rose in early trading following word that it will be bought by Kelta Inc. The price of the transaction is $2.15 per share, which represents a 48 percent bonus over Friday’s closing price.

Although Loewe denies the rumor, Apple (NASDAQ:AAPL) is said to be in discussions with that company, which is a German producer of high-end TVs and speakers that feature minimalist designs, for its acquisition. The bid, according to a source, will be $112 million, which would come to a 47 percent windfall over Loewe’s Friday close on the Frankfurt exchange (with shares up 24.6 percent on Monday). A further connective link is that Sharp, which owns 28.8 percent of Loewe’s, recently received an investment from Foxconn, whose chairman recently reported that his company expects to produce an Apple TV. A final decision on the above possible acquisition could come this week.

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Zynga (NASDAQ:ZNGA) is still on its shopping spree for companies, as it buys Wild Needle, which develops casual game titles targeted at female game-players. Financials of the transaction were not disclosed, and chatter has it that the deal was an “acqui-hire”, in that Zynga might be more interested in Wild Needle’s engineering talent than in its products.

Shares of BMC Software (NASDAQ:BMC) move up significantly on word of Elliott Associates’ investment of at least 5 percent, and BMC’s adoption of a poison pill in reaction. Investors note that Elliott did the same moves on Novell and Blue Coat Systems, before they were sold; and JG Capital’s Jeff Gaggin predicts that Oracle (NASDAQ:ORCL) will make a bid for BMC, to set itself in a better position in which to compete more effectively with IBM in systems management software. In the meantime, BMC’s competitor Quest Software (NASDAQ:QSFT) is currently available for acquisition.

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