Eaton Finalizes Cooper Deal, New Cnooc & Nexen Report: Merger and Acquisitions Review
Eaton Corporation (NYSE:ETN), a diversified industrial manufacturer, and the electrical equipment provider Cooper Industries (NYSE:CBE) reported on Friday that Eaton has completed its purchase of Cooper, which was announced on May 21st. The acquisition unites Eaton and Cooper into a new, premier global power management firm, Eaton Corporation plc.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>
CACI International (NYSE:CACI) announced in a Friday press release that it has finalized its transaction to buy Emergint Technologies, a premier supplier of emerging tech solutions concentrated on the data-driven needs of national health organizations. This purchase builds on CACIs healthcare information tech capability, and broadens its presence in the growing healthcare IT market.
The Canadian Immigration Minister Jason Kenney, known to harbor reservations about Cnooc Limited’s (NYSE:CEO) offer to buy Nexen (NYSE:NXY) said on Friday that a some of Canada’s aims at getting reciprocal treatment from China had been addressed by an investment pact. Kenney also highlighted Prime Minister Stephen Harper’s general reservations in regards to takeover bids by foreign state-owned enterprises, saying that Harper had underscored the importance of preserving Canadian values like human rights, when dealing with China.
Investing Insights: Is Exxon Mobil’s Stock Still One Of The Safest Bets?