There a few things that can compare to owning a stock that gets
bought out. Shareholders of TEG, ALO and MCRS each got that
(TEG) is pretty much the exception to the above statement as
(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
(GE) agreed to buy a stake in
(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
(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.
(OPEN) and then the following Friday we saw
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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