Bank of America NEARING Settlement and 2 HOT Stocks Turning Heads

After the successful Rocketdyne disposal, United Tech’s (NYSE:UTX) industrial businesses could go to a joint bid by Carlyle Group (NYSE:CG) and BC Partners. Sources say the deal size could be upwards of $3.5 billion and that talks are proceeding at a fast clip. However, there’s no ruling out United Tech still turning to other interested parties such as TPG Capital.

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SAP (NYSE:SAP) delivered Q2 EPs of 0.55 euros which may not meet the consensus mark of 0.76 euros though revenues of 3.9 billion euros were in  line with market expectations and higher than last year by 18.1 percent. The company’s guidance for FY12 sees non-IFRS profit in the range 5.05 billion euros – 5.25 billion euros, and non-IFRS software and software-related service revenue increasing in a range of 10-12%.

Bank of America (NYSE:BAC) inches closer to receive court blessings for its $8.5B mortgage-bond settlement with investors as Boston hedge fund Baupost removes its objections from the proceedings, leaving AIG (NYSE:AIG) as the only significant objector to the deal.

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