Advance Auto Parts Fields Takeover Chatter and 3 Hot Stocks Demanding Attention
Amazon (NASDAQ:AMZN) makes a foray into the local marketplace for services. A Seattle area company, Home Entertainment Solutions, has been contracted by Amazon to install TV mounts in the homes of its customers. The TV mounts service, currently in beta mode, costs $275 and includes the mount as well as installation labor costs.
Privately held Japanese whiskey and beer manufacturer, Suntory Holdings Ltd, is reportedly planning to list its food and non-alcoholic drinks businesses on the Tokyo stock exchange. According to estimates, the IPO could raise about $6 billion from the sale and could be announced next week. With the contraction in the Japanese food and drink market, the larger firms are looking to grow by acquiring overseas companies, and Suntory’s IPO proceeds could provide it with a sizeable war chest. Reportedly, the company, along with Diageo plc (NYSE:DEO), was mulling a purchase of US bourbon maker Jim Beam (NYSE:BEAM) for $10 billion. With the money from the IPO, Suntory could go it alone.
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Automotive parts seller Advance Auto Parts (NYSE:AAP) is again in the thick of takeover rumours. StreetInsider.com reports “positive chatter about a pending deal,” and it could be the result of the company’s move to higher the Blackstone group last month to scout serious interest.
Starbucks Corp (NASDAQ:SBUX) gives more teeth to its expansion plans for China, proposing to double its staff in the country to 30,000 by 2015, claiming the business was in its infancy in terms of development and growth. The increased headcount is necessitated as Starbucks plans to double the number of its stores in China to 1500 by 2015.