Mergers and Acquisitions Update: Hershey LOVES India, Syswin Might Go PRIVATE
The Hershey Company (NYSE:HSY) will buy out its joint venture partner in India, which should give it full control of the chocolate division in a nation with a population of 1.24 billion. The transaction is expected close in the third quarter, with the then wholly-owned subsidiary set to be renamed Hershey India.
Don’t Miss: Is the New Kindle Fire HD Wow-Worthy Enough?
Syswin Inc. (NYSE:SYSW) Chief Executive Liangsheng Chen is offering a going-private deal for the remaining 60 percent of the Chinese real estate company that he doesn’t already own. Specifically, the offer is at 50 cents per share plus $2 per ADS share, with each ADS representing four ordinary shares. This represents a 25 percent bonus to Thursday’s close.
Shares of Merge Healthcare Incorporated (NASDAQ:MRGE) lose much of Thursday’s gains, following word that its Board has hired Allen & Company to help it explore and evaluate a broad range of strategic alternatives, including a sale. In the meantime, Dougherty lowers the shares to Neutral, explaining that the firm’s fundamentals are weakening, making the determination of a value for the company all the more difficult, along with the possibility of any sale at all.
Don’t Miss: Will This Apple Move Destroy Pandora?
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>