Wall St. Brief: Microsoft Announcing a SECRET, KKR Loves Everything Everywhere

Microsoft (NASDAQ:MSFT) and Barnes & Noble (NYSE:BKS) will announce on Monday plans to create a tablet/e-reader emphasizing entertainment, reported TechCrunch. The tablet will be unveiled at a Los Angeles event; it may be the inaugural non-Xbox device to include possible Xbox live streaming. Other stories are swirling that Microsoft will announce plans to make its own Windows 8 tablet.

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KKR (NYSE:KKR) is conducting early talks to purchase British mobile operator Everything Everywhere from France Telecom (NYSE:FTE) and Deutsche Telekom (DTEGF.PK) for BP 8 billion. Former Everything Everywhere chief Tom Alexander is leading the private equity team. One banker called this “preposterous,” reported Reuters as Alexander supposedly attempted to get private equity firms interested in the company six months ago but had no luck and now “financing markets are even worse right now.”

British buyout group Melrose is in negotiations to purchase the German company Elster Group (NYSE:ELT) from CVC Capital for $2.3 billion. The potential $20.50 offer per ADS is a 25 percent premium from Elster’s closing price from Friday. In premarket trading, the stock is up 17 percent.

Groupon (NASDAQ:GRPN) received an upgrade from Morgan Stanley analysts to an “Overweight” rating from “Equal Weight.” Shares are up five percent in premarket trading.

DSW (NYSE:DSW) projected weak fiscal second quarter earnings, noting a mix of regular-priced and clearance-priced sales and pre-opening costs connected to its expansion plans. The company also announced a new $100 million stock-repurchase program. Its share price is down 13 percent in premarket trading.

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