Mergers and Acquisitions Recap: Today’s Cnooc & Nexen News, Cisco Buys ThinkSmart

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

In a new episode to the drama, Cnooc Limited (NYSE:CEO) is said to be trying to raise $6 billion through a one-year loan to help pay for its proposed $15.1 billion purchase of Nexen, Inc. (NYSE:NXY). The mostly state-owned Chinese oil company has invited some 15 banks to participate in the loan. The Japanese lenders who are usually involved in loan agreements which involve Chinese firms of this sort haven’t been invited this time.

Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>

Cisco Systems, Inc. (NASDAQ:CSCO) acquires ThinkSmart, which develops tech that analyzes Wi-Fi location data on enterprise and service provider networks. Cisco’s wireless networking unit has been a star performer for the firm, with sales rising by 22 percent year-over-year in the third quarter, despite strong rivalry from Aruba Networks, Inc. (NASDAQ:ARUN).

Don’t Miss: IBM Challenges Amazon and Salesforce.com.


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