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Deal Calendar: August 4- August 8, 2008

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Published August 2, 2008 at 3:28 PM
Several important earnings announcements and energy deals are coming up the week of August 4, 2008. The Deal's Mary Kathleen Flynn of Tech Confidential and Suzanne Stevens of Corporate Dealmaker will bring you up to date on the week's dealmaking events.

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Here is a summary of this week's key dealmaking events:

  • On Aug. 4, Smith International Inc.'s exchange offer for rival oilfield services provider W-H Energy Inc. expires. Houston-based Smith agreed to acquire its crosstown rival for $3.2 billion. Both companies' boards have approved the deal, but W-H Energy shareholders and regulators still must clear it. It should close in the third quarter.
  • On Aug. 5 Barrick Gold Corp. says it will mail out a circular to Cadence Energy Inc. shareholders. The Toronto-based miner made an unsolicited offer to buy the Calgary-based oil and gas explorer for $409 million. The deal depends on receiving acceptances for two-thirds of the shares.
  • On Aug. 5 Whole Foods Market Inc. will report third quarter earnings, the first earnings report following a recent federal appeals court ruling that ordered a lower court to reconsider a previous ruling that allowed consummation of the retailer's acquisition of Wild Oats Markets Inc. for $700 million.
  • On Aug. 5 Cisco Systems lnc. will announce its fourth quarter earnings. There were rumors that Cisco may acquire EMC Corp. last week. The deal never happened, but Cisco did unveil a $120 million deal for Pure Networks Inc. Additionally, competitor Brocade Communications Systems Inc. bought out rival Foundry Networks Inc. in a $3 billion deal.
  • On Aug. 6 Time Warner Inc. will announce earnings. There has been speculation that the company could sell off struggling internet company AOL LLC, which is undergoing cost-cutting moves to improve performance.
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