Mergers and Acquisitions Recap: UPS Financing, Electronic Arts Chatter

Recent rumors that Nexon might acquire Electronic Arts (NASDAQ:EA) may indeed be only rumors, according to Bloomberg sources, but the former is in talks with EA concerning the distribution of the coming version of its FIFA Online game in Asia. Nexon’s presence in Asia and its virtual goods sales could significantly help EA in its venture.

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Renewed chatter regarding a possible acquisition by BHP Billiton (NYSE:BHP), helped shares of Walter Energy (NYSE:WLT) survive its first quarter statement, in which earnings sank by 50 percent, missing estimates. The loss was blamed on higher operating costs and increased interest expenses.

Avon (NYSE:AVP) rejected suitor Coty in April, but Richmont Holdings, which owns Mary Kay and Dirt Devil, is assembling a bid which will rival that of Coty. Avon shares were up 9.2 percent at the close, when the news broke.

United Parcel Service (NYSE:UPS) will issue $1.8 billion in debt to complement its $5 billion in cash, to fund its purchase of TNT Express, after first expected to use only $3 billion of its reserves. Additionally, UPS declares its regular quarterly dividend of 57 cents per share and intends to buy back $1.5 billion in shares in 2012 and in 2013.

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