Dell and 7 Stocks Making Deal Buzz This Week

Here’s your Cheat Sheet to this week’s top mergers and acquisition news:

The Blackstone Group (NYSE:BX): Current price $20.75

According to Sky News, the two private equity firms Blackstone and Lion Capital are working jointly to submit a formal bid for two soft drinks put on the block by GlaxoSmithKline (NYSE:GSK), which is a FTSE-100 pharmaceuticals maker. Blackstone and Lion have recruited bankers at Rothschild to advise them on their bid. Back in 2005, the companies purchased the European beverages division of Cadbury-Schweppes, divesting it four years afterwards to the Japanese food and drink producer Suntory, for about 1.5 billion pounds. Suntory is now one of the rival bidders to Blackstone and Lion in the current auction.

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BX

Ericsson (NASDAQ: ERIC): Current price $11.36

On Monday, Ericsson said that it wants to acquire Red Bee Media, which is a media services firm  headquartered in the United Kingdom, from an entity controlled by Macquarie Advanced Investment Partners. The potential purchase is subject to regulatory approval, supports the buyer’s strategy to expand in the broadcast services market, and takes advantage of Red Bee’s tech and services leadership so as to help broadcasters and content owners address the convergence of video and mobility.

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ERIC

Mellanox Technologies (NASDAQ: MLNX): Current price $49.27

The provider of end-to-end interconnect solutions for servers and storage systems on Monday said that it has concluded its purchase of the privately-held IPtronics, which designs optical interconnect components for digital communications, for a cash purchase price of $47.5 million, which is subject to certain working capital and other adjustments. Resulting from the agreement, IPtronics will operate as a wholly-owned indirect subsidiary of Mellanox Technologies.

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MLNX

CoreLogic(NYSE: CLGX): Current price $25.14

The residential property information, analytics and services supplier on Monday announced that it will buy Marshall & Swift/Boeckh, which provides residential and commercial property valuation solutions to the property and casualty insurance industry, the property data and analytics information firm DataQuick Information Systems, and the credit and flood services operations of DataQuick Lender Solutions, all from the Decision Insight Information Group. The acquisition price of the transaction is $661 million, and the transaction should close during the third quarter.

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CLGX

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Dell (NASDAQ:DELL): Current price $13.03

On Tuesday morning, analyst Brian White at Topeka Capital Markets, wrote of the latest occurrence in the Dell saga that “the financial details of the Icahn deal are credible, the $14 price is clearly higher than Silver Lake’s offer and the potential EPS accretion on the remaining shares outstanding is compelling,” as he pondered Carl Icahn’s Monday announcement that he has obtained lender commitments for $5.2 billion toward his $14 tender offer for Dell shares. Icahn’s move is in conflict with Chief Executive Michael Dell‘s intended leveraged buyout at $13.65, At this moment, White has a Buy and a $15 price target on Dell shares.

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DELL

General Electric Company (NYSE:GE): Current price $23.23

The European Commission reports that it has approved General Electric’s $4.3-billion acquisition of the aviation parts arm of Avio SpA, following assurances by GE that it will not prevent Avio’s participation in the European jet fighter project, Eurojet. Avio ranks as a significant contributor to the consortium that is developing the Eurojet. Subsequent to GE announcing the Avio deal in December, the commission’s antitrust authority said that the purchase might create a conflict of interest, as both GE and Avio manufacture engines for fighter jets.

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GE

Outerwall (NASDAQ:OUTR): Current price $61.88

Outerwall, formerly known as Coinstar, said on Tuesday that it will acquire ecoATM at a cash price of $350 million, which includes the payoff of certain debts and transaction costs, subject to adjustment for working capital as of closing. Additionally, since Outerwall presently holds a 23 percent ownership interest in ecoATM, consideration for this stake will be subtracted from the actual cash paid. When the transaction closes, Outerwall will own all of ecoATM.

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OUTR

US Airways Group (NYSE:LCC): Current price $16.88

Texas is leading a group of 19 attorneys general, that has joined a United States Justice Department inquiry into the planned merger of American Airlines and US Airways Group, said three sources close to the discussions to Reuters. A portion of the states fear that they will lose a hub due of the planned transaction, which would form the biggest airline on the planet, while others worry about service cutbacks to smaller cities because of the transaction, according to two sources. At this time, US Airways has hubs in Charlotte, Philadelphia, Washington D.C., and Phoenix, while American has hubs in New York, Dallas/Fort Worth, Miami, Chicago, and Los Angeles.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

LCC

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