Deals dropping like bombs all around us this morning. I don’t own any of the target company stocks but I love this kind of action, it forces you to remember that while there is still so much paralysis in this economy, there is also plenty of value and opportunity to be had – and there are still capitalists everywhere looking for take advantage of the moment when the right situation arises.
Check out this bad boy: Hologic ($HOLX) buys out Gen-Probe ($GRPO) – two smidcap healthcare diagnostics companies getting together to complement each other and compete against the field. Release here at Yahoo Finance.
And then this: Energy Transfer Partners ($ETP) grabbing Sunoco ($SUN) for a 22% premium ($5.3 billion). Story at Reuters.
And what about this Microsoft ($MSDT) / Barnes & Noble ($BKS) thing? Where the hell did this come from? Microsoft comes up with $300 million in badly needed cash for $BKS (the company’s total market cap was only $800 million on Friday!), the two settle their patent suits, team up to take over the college textbook downloading market and look to spin the Nook off along with that as a new company. Could actually work! Release here.
None of this is world-changing or impactful on the jobs or housing sludge – but it’s a great reminder that the possibilities are and always will be endless.