Google Doesn’t Want Groupon, SPX Outbids PE-Firms for Gardner Denver: Merger and Acquisitions Update

Shares of the Dutch provider of navigation applications for Apple’s iPhone 5, TomTom (TMOAF.PK), gained the most in eight weeks after a Rabobank International analyst said that the latter might make a takeover offer. The stock closed up 5.65 percent higher at €4.06 in Amsterdam, representing the biggest jump since October 15th, and  has gained 33 percent in 2012, valuing TomTom at €901 million or $1.17 billion.

Shares of Groupon (NASDAQ:GRPN) gained 23 percent Friday on chatter that the company that Google (NASDAQ:GOOG) might be looking at it in an acquisition frame of mind, especially after Tom Forte of Telsey Advisory Group said that, “Where the stock is currently trading, it’s a takeout candidate.” The discount deals maker is currently valued at a bit above $3 billion. However, knowledgeable sources say that Google has not been considering a second attempt at buying Groupon after bidding $6 billion for the firm prior to its going public.

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The industrial machinery manufacturer SPX Corporation (NYSE:SPW) outbids private equity firms vying to acquire Gardner Denver by a wide margin as it bids in excess of $4 billion for its rival, say two inside sources, who said that Advent International, KKR & Co LP , and a consortium of TPG Capital Management and Onex Corp submitted all-cash offers in the mid-to-high $70-per-share range.

Shares of Advance Auto Parts (NYSE:AAP) spiked in mid-day trading on takeover chatter involving a pending deal, but no suitor has been named. The stock hit around $75 before falling back to ending the day a bit in the red.

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