4 Merger and Acquisitions Stock Stories in a Busy Earnings Week

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General Electric Co. (NYSE:GE): Current price $23.64

According to The Sunday Times, GE is poised to launch a transatlantic bidding war for the British industrial software firm Invensys, after the latter confirmed that it is in early discussions with its French peer Schneider Electric over a multi-billion dollar takeover agreement. Sources told the newspaper that GE is plotting a $5.3-billion counterbid for Invensys, beating Schneider’s offer that values Invensys at 505 pence per share. The sources also reported that an auction between the world’s largest industrial giants could push Invensys’ share price to 550 pence, valuing it at £3.6 billion instead. Presently, GE has a market capitalization of £162 billion, while Schneider is worth £28 billion.

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