Mergers and Acquisitions Recap: Research In Motion Priced Well?

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Black & Decker (NYSE:SWK) is said to be included in the list of possible buyers for Infastech, which supplies industrial fasteners, and is based in Singapore. The latter produces sales of more than $500 million, and was acquired by CVC and Standard Chartered’s (SCBFF.PK) private equity division in 2010 for between $350 million and $400 million. First-round bids should be submitted on Wednesday.

Research In Motion (NASDAQ:RIMM) shares move down significantly Wednesday, due to its fiscal first quarter warning, and especially comments from analysts that disparage any possibility of its being bought out by any entity offering a commendable premium. Sterne Agee thinks that an offer at or below current levels might be all that RIM can hope for, and Baird believes that it’s unlikely that Microsoft or Facebook would be interested.

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Shutterfly (NASDAQ:SFLY) acquires Photoccino, an Israeli developer of photo ranking, analysis, and organization tech that is based on proprietary algorithms, which the buyer expects to integrate across its line of products. Financials of the transaction were undisclosed.

GlaxoSmithKline (NYSE:GSK) has by no means given up on its intentions to take over Human Genome (NASDAQ:HGSI), as it now has a plan to attempt to replace the entire board of the latter with its own nominees, says Reuters. In addition, GSK is extending its $2.6 billion tender offer beyond June 7th.

Chesapeake’s (NYSE:CHK) current slumped valuation could make it a possible target for takeover, says Bloomberg, which figures that the firm’s equity and net debt are valued at $9.19 for each barrel of oil equivalent. If true, that would set CHK as the lowest among domestic oil and gas explorers which have market caps greater than $5 billion.

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