Merger Monday - Top 3 Deals - Real Time Insight


There a few things that can compare to owning a stock that gets bought out.  Shareholders of TEG, ALO and MCRS each got that feeling today.

Integrys Energy (TEG) is pretty much the exception to the above statement as Wisconsin Energy (WEC) announced a deal to acquire the company for $9.1B.  The combined company would have a regulated rate base of $16.8B and 4.3M gas and electric customers across Wisconsin, Illinois, Michigan and Minnesota.

On the international front General Electric (GE) agreed to buy a stake in Alstom (ALO) in a deal valued at around $17B.  ALO is a French company that is involved in electricity generation and rail transport markets.  Alstom popped higher this morning but has since moved lower and at the time of publishing this article, the stock was down 4.1%.

Finally we have Oracle (ORCL) buying MICROS Systems (MCRS) for about $5.3B.  This deal was widely expected after MCRS reported earnings on Tuesday, June 17.  The company missed, but speculation of a sale pushed the stock from around $58 to as high as $70.  MCRS has traded in a fairly narrow spread of $0.21 so far today.

Those are your top 3 deals for a Merger Monday… but let's keep in mind another recent development.  Priceline (PCLN) bought OpenTable (OPEN) and then the following Friday we saw Google (GOOGL) buy Dropcam for $555M.  Are the high tech deals looking at making Friday the new Monday?  Or do those bankers just want to make sure they have a full weekend?

What do you think these deals say about the market?  Do they give you confidence that things are looking up?

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Stocks

Referenced Stocks: TEG , WEC , GE , ORCL , MCRS

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