Mergers and Acquisitions Roundup: Oracle and Taleo Link Together, Illumina Chatter

Barclays (NYSE:BCS) and RBS (NYSE:RBS) control around 70% of Spain’s third-largest hospital operator. United Kingdom private equity Doughty Hanson has agreed to buy USP, for 355 million euros ($477 million) from the creditors.

Investing Insights: Banks Reach $25 Billion Settlement Over Mortgage Fraud, Foreclosures.

Illumina (NASDAQ:ILMN) traded higher on chatter that an activist investor movement may be stirring and ongoing speculation on the firm’s deal with Roche. Trader Karen Finerman translated the semantics and says that the phrase “ready to commence discussions” equates to we’ll pay more.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Constant Contact, Inc. (NASDAQ:CTCT) and NetSuite Inc. (NYSE:N) have all sold off in the wake of the Oracle Corporation (NASDAQ:ORCL) deal with Taleo Corp. (NASDAQ:TLEO). Others are faring better: Saba Software, Inc. (NASDAQ:SABA), inc. (NYSE:CRM), and Kenexa Corporation (NASDAQ:KNXA). Bernstein thinks Oracle’s modest premium, perhaps due to a limited number of potential buyers, “puts a cap” on future deal valuations. However, as Nomura notes, the run-up already seen in Taleo due to marketing and advertising hopes helps explain the small premium.

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