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Published September 23, 2009 at 4:58 PM
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 Welcome to Deal Stocks. In the news Wednesday are Bank of America Corp. (NYSE:BAC), BlackRock Inc. (NYSE:BLK), Barclays plc (NYSE:BCS), Cadbury plc (NYSE:CBY), Kraft Foods Inc. (NYSE:KFT), Yahoo! Inc. (NASDAQ:YHOO) and Palm Inc. (NASDAQ:PALM). U.S. stocks retreated on Wednesday even though the Federal Reserve announced that economic activity has "picked up," according to CNBC. The Dow dropped 0.8%, the S&P 500 sank a percentage point, and the Nasdaq fell 0.7%%. For more Deal Stocks, check out arbitrage charts in The Deal Pipeline (subscription required) and stocktwits.
- Bank of America Corp. (NYSE:BAC) handed over more information on its buy of Merrill Lynch & Co. to a congressional committee but not those protected by attorney-client privilege, Rep. Edolphus Towns said. The bank did agree to provide a log that will allow Congress to figure out "which documents are critical to the committee's ongoing investigation." One BofA shareholder is calling for CEO Ken Lewis to resign.
- The European Commission approved BlackRock Inc.'s (NYSE:BLK) $13.5 billion deal to buy Barclays Global Investors from U.K. bank Barclays plc (NYSE:BCS). (See The Deal Pipeline Auction Block data on this deal here.)
- Yahoo! Inc. (NASDAQ:YHOO) has placed its small-business-hosting division on the block and seeks bids between $350 million and $500 million. (The Deal Pipeline subscribers can read the full story here.)
- Palm Inc. (NASDAQ:PALM) priced a public offering of 20 million shares at $16.25 apiece. The offering is expected to raise $313.1 million for working capital and general corporate purposes.
- Luxury hybrid carmaker Fisker Automotive got a shot in the arm on Tuesday, securing a $528 million loan from the U.S. Department of Energy earmarked to help the company advance engineering work on its first two models.
- On Tuesday, a bit more than a year after Hewlett-Packard Co. (NYSE:HPQ)
bought Electronic Data Systems for $13.9 billion -- and just one day
after rival Dell Inc. (NASDAQ:DELL) bought another services firm founded by Ross
Perot -- the New York Times published a timely examination of HP's integration of EDS.
- In an S-4 filing
on Tuesday, Walt Disney Co. (NYSE:DIS) gave its narrative, or
"Background of the Merger," for the events that led to its $4 billion
acquisition of New York's Marvel Entertainment Inc. (NYSE:MVL). It also
listed risk factors, benefits and other aspects regarding the deal.
- George White and Maria Woehr
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