11 Stocks Making Big M&A News and Rumors This Week

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

CBS Corp. (NYSE:CBS): Current price $52.50

Platinum Equity and CBS said Tuesday that an affiliate of the former has made an irrevocable binding offer to purchase the assets of CBS Outdoor International. The proposed deal represents an aggregate value of around $225 million and is subject to the finalization of works council consultation along with other conditions.

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CBS

Dell Inc. (NASDAQ:DELL): Current price $13.14

Dell shareholders are supposed to vote Thursday on Michael Dell’s proposed buyout, but now a special committee of the board is thinking about postponing the that vote, as it wants a higher bid or time to win over support for the $24.4-billion deal, according to a Bloomberg source, who said that the committee is considering a delay of about a week. The source also said that the group will probably make its decision by Thursday morning if the votes already cast against the buyout are sufficient to collapse it, and that the June 3 record date — by which it was necessary to invest by to be entitled to vote — will not be altered.

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DELL

Apple Inc. (NASDAQ:AAPL): Current price $425.25

Calcalist said Tuesday that Apple is in early talks to acquire the Israel-based PrimeSense, which develops chips that enable 3-D machine vision, at a price of $280 million. Calcalist said that a delegation of Apple engineering executives visited PrimeSense in early July, but officials at PrimeSense were not available for comment. PrimeSense has raised $85 million from Israeli and U.S. venture capital funds, according to the website.

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AAPL

Smithfield Foods Inc. (NYSE:SFD): Current price $33.14

The buyer of Smithfield Foods, Shuanghui International Holdings, intends to list the combined entity in Hong Kong following its completion of the takeover, according to sources speaking to Reuters. An IPO in Hong Kong, valued at approximately $4 billion, would permit the merged group to trade in a market that would place a higher valuation on the stock than would the American or other exchanges, according to the sources.

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SFD

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Yahoo Inc. (NASDAQ:YHOO): Current price $29.25

Yahoo said Thursday that it acquired the Beijing-based Ztelic Technology, which specializes in data analysis from social websites, but the purchase price was not reported. Ztelic offers services like social network-based hiring, online network management, and third-party data analysis, and was founded by former Yahoo U.S. senior Web architect Zheng Hao. Zheng at one time served as the chief Web architect for Yahoo’s global research and development institute in Beijing, and also as the chief tech officer at the online game maker Zynga (NASDAQ:ZNGA). Following the close, he will serve as the vice president of Yahoo’s Beijing research center.

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YHOO

Sherwin Williams Co. (NYSE:SHW): Current price $172.55

The competition authority of Mexico reports that it denied the United States paint maker Sherwin Williams’s $2.34-billion acquisition of Mexican paint company Consorcio Comex because of fears that it might create unfair market conditions. The commission said it worried that the merger would form a company having a large part of the local market for decorative paint, which could potentially impede competition. Sherwin Williams reported the deal in November 2012, saying that it would help it grow its presence in markets like Mexico, the American West Coast, and Canada, where its store count is low. However, the authority said its analysis indicated that a tie-up would create an entity with between 48-58 percent of the decorative paint market, and one that would be six to 10 times larger than its closest competitor.

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SHW

Quest Diagnostics Inc. (NYSE:DGX): Current price $59.12

The global provider of diagnostic information services announced Thursday that it finalized the sale of its rights to royalties from commercialization of the drug candidate Ibrutinib to Royalty Pharma, which buys royalty interests in marketed and late-stage biopharmaceutical products, at a cash price of $485 million.  The sale should result in after-tax cash proceeds of about $300 million before associated transaction costs. The gain linked with the sale will be recorded in the third quarter and will be excluded from adjusted earnings.

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DGX

Washington Post Co. (NYSE:WPO): Current price $473.76

The company said it will purchase Forney Corp., which provides products and systems that control and monitor combustion processes in electric utility and industrial applications on a global basis. The transaction is expected to close in early August. Forney is part of UTC Climate, Controls & Security, a unit of United Technologies Corp. Forney Corporation general manager Tom Demrick and the Forney management team will continue to run the business. The purchase price was not divulged.

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WPO

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Qihoo 360 Technology Co. (NYSE:QIHU): Current price $58.50

Qihoo reveals that it is in early negotiations with Sohu.com Inc. to acquire its Sogou search engine. If realized, the purchase is estimated to be worth as much as $1.4 billion, and could help the upstart control 25 percent of China’s search market. Qihoo, worth some $7 million, moved onto the scene in 2012, and has quickly worn away at Baidu Inc.’s dominance to become the country’s second biggest search engine firm, holding a 15 percent interest.

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QIHU

Charter Communications Inc. (NASDAQ:CHTR): Current price $126.09

Charter, supported by John Malone, is working with Goldman Sachs Group Inc. (NYSE:GS) to extend an offer for Time Warner Cable Inc. (NYSE:TWC), according to knowledgeable sources. The action implies that Charter Chief Executive Officer Tom Rutledge and Malone are seriously revisiting a potential merger, having been turned down by Time Warner Cable earlier in 2013, according to one source.

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CHTR

Symantec Corp. (NASDAQ:SYMC): Current price $24.02

The Spanish news outlet Expansion said on Friday that Symantec has purchased Spain’s PasswordBank for $25 million, with the news confirmed by The Next Web. A spokesperson for the buyer said that “Symantec has acquired PasswordBank, a company with less than 20 employees based in Barcelona. PasswordBank is an independent provider of multifactor authentication, single sign on and user management services.” The person added that Symantec will employ PasswordBank’s “expertise” in single sign on tech to “enhance its secure sign on for web or cloud applications and further enhance its identity and context aware security, a key strategic initiative.”

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SYMC

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