1:11
Motorola Mobility Shareholders Approve Merger with Google
Motorola Mobility Shareholders Approve Merger with Google
Motorola Mobility Holdings (NYSE:MMI) announced that stockholders voted overwhelmingly to approve the proposed merger with Google (NASDAQ:GOOG). Approximately 99% of the shares voting at the special meeting of stockholders voted in favor of the adoption of the merger agreement, which represented approximately 74% of Motorola Mobility's total outstanding shares of common stock as of Oct. 11. Google previously disclosed that it expected the merger to close by the end of 2011 or early 2012. While the company continues to work to complete the transaction as expeditiously as possible, given the schedule of regulatory filings, it currently believes that the close is expected to occur in early 2012. Motorola Mobility Holdings (NYSE:MMI) has potential upside of 1.5% based on a current price of $38.94 and an average consensus analyst price target of $39.54.
1:02
RightNow Shareholders Approve Merger with Oracle
RightNow Shareholders Approve Merger with Oracle
RightNow Technologies (NASDAQ:RNOW) announced that at the company's Special Meeting of Stockholders, stockholders voted overwhelmingly to approve the proposed merger with an indirect wholly owned subsidiary of Oracle Corporation (NASDAQ:ORCL) for $43.00 per share in cash. Greg Gianforte, founder and CEO of RightNow, said, "We are pleased by the strong support we have received from our stockholders, with 87.0% of the shares voting in support of the transaction. We look forward to working with Oracle to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners." Oracle (NASDAQ:ORCL) has potential upside of 42.8% based on a current price of $25.5 and an average consensus analyst price target of $36.41.
1:03
News Update: Smith Stockholders Approve Schlumberger Merger
News Update: Smith Stockholders Approve Schlumberger Merger
Smith International, Inc. (NYSE:SII) stockholders voted in favor of the company's merger with Schlumberger Limited (NYSE:SLB). Over 99 percent of the shares voted at the meeting were in favor of the merger. Until August 27, 2010, when the merger is expected to close, the companies will continue to operate separately. Schlumberger Limited is currently trading 0.52 percent lower at $55.53. Smith International iscurrently trading 0.69 percent lower at $38.57. SmarTrend currently has Schlumberger in a Downtrend. Since 2008, SmarTrend subscribers trading Schlumberger using our alerts outperformed the stock by 46%. We are monitoring these developments and will alert subscribers to any change in trend. SmarTrend currently has Smith International in an Uptrend and is currently monitoring these developments and will alert subscribers to any change of trend.
0:45
Cephalon Shareholders Approve Merger With Teva
Cephalon Shareholders Approve Merger With Teva
Cephalon (NASDAQ:CEPH) recently announced that its stockholders voted to approve the Teva (NASDAQ:TEVA) Pharmaceutical proposal to acquire Cephalon for $81.50 per share in cash, or a total enterprise value of approximately $6.8 billion. The transaction is currently under review by the US Federal Trade Commision and the European Commission. Both Cephalon and Teva are two independent companies pending those clearances Cephalon is currently above its 50-day moving average (MA) of $79.82 and above its 200-day of $67.80.
0:50
Stockholders Approve Psychiatric Solutions Merger with Universal Health Services
Stockholders Approve Psychiatric Solutions Merger with Universal Health Services
"Psychiatric Solutions, Inc. (NASDAQ:PSYS) stockholders have approved the acquisition of PSI by Universal Health Services (NYSE:UHS). Almost 97 percent of the shares that voted, voted in favor of the merger, which is expected to be complete by the fourth quarter of 2010. PSI stockholders will receive $33.75 per share for each share they own. SmarTrend is bullish on shares of Psychiatric Solutions and our subscribers were alerted to buy on January 20, 2010 at $24.14. The stock has risen 39.1% since the alert was issued. "
0:49
News Update: Smith Stockholders Approve Schlumberger Merger
News Update: Smith Stockholders Approve Schlumberger Merger
Smith International, Inc. (NYSE:SII) stockholders voted in favor of the company's merger with Schlumberger Limited (NYSE:SLB). Over 99 percent of the shares voted at the meeting were in favor of the merger. Until August 27, 2010, when the merger is expected to close, the companies will continue to operate separately. Schlumberger Limited is currently trading 0.52 percent lower at $55.53. Smith International iscurrently trading 0.69 percent lower at $38.57. SmarTrend currently has Schlumberger in a Downtrend. Since 2008, SmarTrend subscribers trading Schlumberger using our alerts outperformed the stock by 46%. We are monitoring these developments and will alert subscribers to any change in trend. SmarTrend currently has Smith International in an Uptrend and is currently monitoring these developments and will alert subscribers to any change of trend.
1:00
Warner Music Shareholders Approve Merger Agreement
Warner Music Shareholders Approve Merger Agreement
Warner Music Group (NYSE:WMG) announced that at a special meeting of stockholders held earlier. Stockholders voted to adopt the previously announced merger agreement with Airplanes Music LLC and Airplanes Merger Sub, Inc., affiliates of Access Industries. Under the terms of the Merger Agreement, the Company's stockholders will receive $8.25 per share in cash at the closing of the transaction. The Company currently expects the merger to be completed in the third calendar quarter of 2011, although the Company cannot assure completion by any particular date, if at all. Warner Music has a potential upside of 0.4% based on a current price of $8.22 and an average consensus analyst price target of $8.25. Warner Music is currently above its 50-day moving average (MA) of $8.07 and above its 200-day of $6.22.
0:49
Goundamani and Mergers
Goundamani and Mergers
Goundamani disabuses stockholders of inflated pre-merger evaluations
70:26
Google Annual Stockholders Meeting 2008
Google Annual Stockholders Meeting 2008
Eric Schmidt, Larry Page, Sergey Brin, David Drummond and others speak at Google's Annual Stockholders Meeting in Mountain View, CA, on May 8, 2008.
0:55
News Update: Baker Hughes, BJ Services Put Merger on Hold Pending US Regulatory Approval
News Update: Baker Hughes, BJ Services Put Merger on Hold Pending US Regulatory Approval
Dow Jones reported Friday that Baker Hughes (NYSE:BHI) and BJ Services (NSYE:BJS) adjourned their special stockholders meetings on their proposed merger until the end of the month as the companies await US regulatory approval. The oilfield-services companies have all the required foreign approvals for their combination but haven't received antitrust clearance from the US Justice Department, which has raised issues regarding the overlap between some of their Gulf of Mexico businesses. The companies don't expect any resolution to be material to the business or financial performance of the combined company following the merger.
1:33
Ensco Plc, Pride International Announced Merger Agreement Worth $41.60 Per Share (ESV,PDE)
Ensco Plc, Pride International Announced Merger Agreement Worth $41.60 Per Share (ESV,PDE)
"Ensco Plc (NYSE:ESV) and Pride International (NYSE:PDE) announced today that they have entered into a definitive merger agreement under which Ensco will combine with Pride in a cash and stock transaction valued at $41.60 per share. The price is based on Ensco's closing price on February 4, 2011. Pride stockholders will receive 0.4778 newly-issued shares of Ensco and $15.60 in cash for each share of Pride common stock. The stockholders collectively will own about 38% of Ensco's outstanding shares upon closing. The transaction will create the second largest offshore driller in the world with 74 rigs spanning markets around the globe. Ensco plc's Chairman, President and Chief Executive Officer, Dan Rabun, stated, ""The combination is an ideal strategic fit, as our rig types, markets, customers and expertise complement each other with minimal overlap. Pride has gained valuable expertise building and operating ultra-deepwater semisubmersibles and drillships and has strong relationships with leading customers in Brazil and West Africa, two of the fastest-growing deepwater markets in the world. Ensco is a leading provider of premium jackups and ultra-deepwater semisubmersible rigs with a major presence in the North Sea, Southeast Asia, North America and the Middle East. Together, we will form an even stronger company that is ideally positioned to capitalize on growth opportunities within our industry."""
1:02
Robbins & Myers Shareholders Approve Acquisition of T-3 Energy
Robbins & Myers Shareholders Approve Acquisition of T-3 Energy
At a special meeting held today, the shareholders of Robbins & Myers (RBN) approved the merger of T-3 Energy Services with a wholly-owned subsidiary of Robbins & Myers, sending shares up by double digits. Approximately 90.5% of the shares of Robbins & Myers entitled to vote on the transaction approved the merger. 99.8% of the shares had voted. RBN expects the merger to become effective on January 10, 2011. For each share of T-3 common stock, T-3 stockholders will receive 0.894 common shares of Robbins & Myers plus $7.95 in cash. T-3 stockholders collectively will own approximately 27% of Robbins & Myers outstanding shares following the closing. RBN shares soared 12.10% to $39.83, a $4.30 increase.
2:23
Squaresoft ENIX future downloadble games PSN PSP WiiWare XBLA DS
Squaresoft ENIX future downloadble games PSN PSP WiiWare XBLA DS
Get 250 points FREE, enough to buy an Xbox/PS3 / Wii game or an anime DVD: www.points2shop.com Square Enix Holdings Co., Ltd. (Sukuwea Enikkusu Hōrudingusu?) TYO: 9684 is a video game and publishing company based in Japan[4] best known for its console role-playing game franchises, which include the Dragon Quest series, the Final Fantasy series, and the action-RPG Kingdom Hearts series. Square Enix was formed as the result of a merger between Square Co. and the Enix Corporation. On April 1, 2003, Enix legally absorbed Square, with Square stockholders receiving 0.85 shares of stock in the new company compared to Enix stockholders receiving a one-to-one trade. As part of the merger, many of the top officials within Square Co. assumed the leadership roles in the new corporate hierarchy, including president Yōichi Wada, who was appointed president of the new corporation. The company also owns Taito Corporation and Square Enix Europe (which owns fellow publisher and developer Eidos Interactive). Eidos will cease to exist as a publisher, as it has been absorbed into a new subsidiary Square Enix Europe. Square Enix will now publish all of Eidos' owned IPs and currently owns Eidos' development studios. Eidos was most well known for Tomb Raider and Hitman (series) which Square Enix will now publish and is also well known for the Championship Manager series of games.
45:47
Bank of America and Merrill Lynch Merger, Continuation
Bank of America and Merrill Lynch Merger, Continuation
Bank of America and Merrill Lynch Merger, Continuation -House Oversight Committee - 2009-06-11 - Product 286965-4-DVD - House Committee on Government Reform and Oversight. Kenneth Lewis, CEO of Bank of America, testified about the events surrounding Bank of America's acquisition of Merrill Lynch and its receipt of federal financial assistance. In his testimony he said that federal regulators had pressured the bank into moving forward with the merger. In sometimes contentious exchanges, committee members expressed concern about the pressure applied, but also questioned if Mr. Lewis may have used the threat of backing out of the acquisition as a "bargaining chip" for more government assistance. See program id 286965-1 to view the first portion of the hearing. Filmed by C-SPAN. Non-commercial use only. For more information see www.c-spanvideo.org
1:42
Apollo Acquires CKx Inc, Owner of American Idol, For $509 Million
Apollo Acquires CKx Inc, Owner of American Idol, For $509 Million
The owner of 'American Idol,' CKx Inc (NASDAQ:CKXE), announced today it has entered into a definite merger agreement to be acquired by an affiliate of the private equity firm Apollo Global Management, a leading global alternative asset manager. CKx shareholders will receive $5.50 in cash for each share they hold, representing a 24% premium to the stock's closing price yesterday of $4.45 per share. The board of directors for CKx has approved the agreement and will recommend that the company's stockholders approve the merger. Michael G. Ferrel, Chairman and Chief Executive Officer of CKx, said: "We look forward to working with Apollo, a growth-oriented investor who has a successful history of investing in the media and entertainment sector and one that the Board and management team are confident will serve as a strong steward for the Company's brands going forward. The transaction allows CKx stockholders to realize significant value from their investment in the Company and the Board has determined that the transaction is advisable, fair and in the best interest of the Company's public stockholders." Shares of CKX are trading up 22.81% at $5.46.
3:14
Cruise Planners News Episode 81 a week of mergers
Cruise Planners News Episode 81 a week of mergers
learn what's going on in the travel world by watching Cruise Planners News weekly travel show this week's topic Hertz officially wins the bid takeover thrifty stockholders officially make it a done deal with the United Continental merger
1:26
Expedia Stockholders Approve Spin-Off Of TripAdvisor
Expedia Stockholders Approve Spin-Off Of TripAdvisor
Expedia (NASDAQ:EXPE) announced late Tuesday that its stockholders overwhelmingly approved the spin-off of TripAdvisor, and the related proposals submitted at Expedia's annual meeting of stockholders held earlier Wednesday, including the one-for-two reverse stock split proposal, the conversion of the outstanding shares of Expedia Series A preferred stock into the right to receive a fixed amount of cash pursuant to a merger, and various amendments to Expedia's certificate of incorporation. The approval included a favorable vote by more than a majority of the non-management shares. Expedia expects the transaction to close on or about December 20, including implementation of a one-for-two reverse stock split of Expedia stock immediately prior to the spin-off. On the first trading day after the spin-off is completed, which trading day is currently expected to be on or about Dec. 21, regular way trading will commence for TripAdvisor under the symbol "TRIP" and will continue for EXPE under the symbol "EXPE." Expedia (NASDAQ:EXPE) has potential upside of 12.9% based on a current price of $28.81 and an average consensus analyst price target of $32.53.
2:25
Electric Slide Flashmob at Constellation Shareholders Meeting
Electric Slide Flashmob at Constellation Shareholders Meeting
Doing a very special Electric Slide to protest the Constellation merger that'd be great for CEOs and bad for BGE customers.
0:59
Anadys Pharma to be Acquired by Roche; Shares Soar 250% (ANDS)
Anadys Pharma to be Acquired by Roche; Shares Soar 250% (ANDS)
Anadys Pharmaceuticals (NASDAQ:ANDS) announced that it has entered into a definitive merger agreement to be acquired by Roche (PINK:RHHBY). Under the terms of the merger agreement, Roche will commence an all cash tender offer for all outstanding shares of common stock of Anadys at $3.70 per share. The $3.70 per share cash offer price represents a 256% premium over the closing price of $1.04 on Oct. 14. Anadys' Board of Directors determined that the merger agreement and the transactions contemplated thereby are advisable, fair to and in the best interests of Anadys and its stockholders, and recommends that Anadys' stockholders tender their shares and, if necessary, adopt the merger agreement. Each of Anadys' directors and executive officers has agreed to tender their shares in the offer. Shares of Anadys are Soaring on the news, currently trading up over 250% to $3.65.
0:39
Department of Justice Completes Antitrust Review of Cumulus Media, Citadel Broadcasting Merger
Department of Justice Completes Antitrust Review of Cumulus Media, Citadel Broadcasting Merger
Cumulus Media (NASDAQ:CMLS) and Citadel Broadcasting have been notified by the Premerger Notification Office and Federal Trade Commission of the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding the review of the pending merger of Cumulus Media and Citadel. The merger remains subject to the approvals by Federal Communications Commission and the stockholders of Citadel, as well as other customary conditions. Cumulus Media is currently below its 50-day moving average (MA) of $3.07 and below its 200-day MA of $3.89.
0:50
News Update: Gentiva to acquire Odyssey HealthCare (GTIV,ODSY)
News Update: Gentiva to acquire Odyssey HealthCare (GTIV,ODSY)
Odyssey HealthCare (NASDAQ:ODSY) announced on Monday the stockholders approved the proposed acquisition of Odyssey by Gentiva Health Services (NASDAQ:GTIV). Odyssey's CEO Bob Lefton said quote "We are pleased with the outcome of today's vote and appreciate the support of our stockholders." The stockholders will receive $27 per share of Odyssey common stock, if the merger is completed. Odyssey expects to complete the merger by August 16, 2010. Gentiva is currently trading 1.45 percent higher at $21.67. Odyssey is currently trading 0.19 percent higher at $26.86.
0:38
S1 Corp. Terminates Fundtech Merger Agreement
S1 Corp. Terminates Fundtech Merger Agreement
S1 Corporation (NASDAQ:SONE) announced that it has terminated its merger agreement with Fundtech Ltd. and received an $11.9M termination fee. The Special Meeting of Stockholders scheduled for October 13 has been canceled. S1 Corp (NASDAQ:SONE) has a potential upside of 12.1% based on a current price of $9.19 and an average consensus analyst price target of $10.3. S1 Corp is currently above its 50-day moving average (MA) of $8.54 and above its 200-day of $7.27.
