KAR Abandons Self-Sale, Sharp Looks to Investments: M&A Update

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Since discussions with private-equity firm Clayton Dubilier & Rice LLC stalled out, KAR Auction Services (NYSE:KAR) has, for the present, abandoned its efforts to sell itself, say sources close to the case. The firm had been talking with potential suitors since the summer and had reached the advanced discussions level. KAR remains majority-owned by a number of private-equity companies.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

The embattled Sharp Corp (SHCAF.PK)(SHCAY.PK) may get a hand up in the form of an investment from two U.S. companies, Qualcomm (NASDAQ:QCOM) and Intel Corporation (NASDAQ:INTC), according to sources on Wednesday. Financials of a possible deal are as of yet unreported, but what is known is that Sharp is seeking to turn itself around with small displays with a new incarnation of pricey laptops as a vehicle for a new market. A deal, at least with Qualcomm, might emerge by the end of November, said a source who wished to remain anonymous.

Don’t Miss: Samsung on Apple: There Will Be No Love Pact.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business