Mergers and Acquisitions Review: Campbell Soup Buys The FARM, Microsoft Buys PIXEL
Thomson Reuters (NYSE:TRI) is purchasing forex platform FX Alliance (FX) at $22 per share, which represents a 40 percent windfall over Friday’s close, totalling $625 million. Shareholders holding 32.5 percent of FX have agreed to tender their shares.
Don’t Miss: Is This Manufacturing Partner BETRAYING Apple?
Campbell Soup Company (NYSE:CPB) reports that it will acquire Bolthouse Farms for $1.55 billion in cash; the vertical merger is scheduled to close in late summer. The historic soup company predicts that the purchase will add between 5 and 7 cents to earnings per share in its fiscal year 2013.
Microsoft (NASDAQ:MSFT) snaps up Perceptive Pixel, which is a developer of giant multi-touch display panels. It’s likely that Perceptive’s tech, which can detect dozens of points of contact, will be employed in Microsoft’s PixelSense display tables, plus possible applications for Windows 8 tablets and in all-in-one desktops.
Don’t Miss: 4 MAJOR Stocks Reporting Earnings This Week.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.