WellPoint ACQUIRES Amerigroup and 4 Heavily Traded Shares Driving the Market

Research In Motion Limited’s (NASDAQ:RIMM) decision to postpone the intro of its new Blackberry 10 operating system, plus upbeat comments by its CEO followed by the large quarterly loss posted by the company in June, might expose the smartphone maker to lawsuits by shareholders, according to securities law experts to The New York Times on Sunday. For its part, RIM said it did not mislead investors.

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WellPoint (NYSE:WLP) will acquire Amerigroup (NYSE:AGP) at $92 per share for cash, in a transaction valued close to $4.9 billion. The price represents a 43 percent premium on the Fridays close, with the acquisition to close in the first quarter of 2013. The transaction should close in the first quarter of 2013 and is subject to the customary state regulatory approvals and standard closing conditions. The purchase is expected to be accretive to WellPoint’s earnings per share next year, including one-time transaction and integration costs. Accretion is projected to jump in 2014 and be higher than $1.00 per share by 2015. WellPoint has not altered its 2012 earnings per share guidance for this transaction.

Arena Pharmaceuticals, Inc.’s (NASDAQ:ARNA) FDA approval for its obesity med has led the firm to become a potential mergers and acquisition target. GlaxoSmithKline (NYSE:GSK), which is selling off its diet pill Alli, could be interested says WBB Securities, and Eisai might also be a potential suitor, thinks Lazard.

JPMorgan Chase & Co. (NYSE:JPM) is combining teams which are aimed at brokering customer derivatives and securities trades, according to a Wall Street Journal report, as Wall Street banks are said to be holding onto their stock of U.S. bonds, as opposed to divesting them to the Fed, because speculation that the slowing economy plus worldwide financial uncertainty, is making the bonds more important, reports Bloomberg. Data from the latter indicate that the largest bond dealers in the world offered an average of $7.2 billion in Treasuries per day to the Fed in June, which represented a 40.5 percent drop from an October high of $12.1 billion.

General Electric Company’s (NYSE:GE) GE Aviation and Lockheed Martin (NYSE:LMT) have reached a multi-million dollar deal for the communication, navigation and air traffic management data link for the C-130J aircraft in the Block 8.1 configuration. In December of last year, Lockheed Martin was awarded a $167 million block upgrade through which to overhaul the C-130J Hercules with Block 8.1 configuration.

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