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Baxter International (NYSE:BAX) is reportedly in discussions to acquire Gambro for about $4 billion, say inside sources to the Wall Street Journal, who add that the parties wish to close the transaction within the next two to three weeks. Shares closed up 4.07 percent on the day at $68.81, and have been traded in a 52-week range of $47.55 to $66.88.
Cooper Industries’ (NYSE:CBE) purchase by Eaton Corporation (NYSE:ETN) has been approved by the European Commission under the European Union’s Merger Regulation. The acquisition unites the electrical equipment and component units of Cooper and Eaton. The Commission’s inquiry found that subsequent to the transaction, customers in the electrical components industry will continue to have alternative electrical products providers, and that the deal would neither significantly harm effective competition in the European Economic Area, nor a substantial part of it. Shares closed up 1 percent on the day at $78.77, having been traded in a 52-week range of $50.77 to $78.09.
CNH Global (NYSE:CNH) reported on Wednesday that its Special Committee views the latest enhanced offer from Fiat Industrial (FNDSF) positively concerning the proposed strategic combination between the two parties. The Special Committee has directed its advisors to help Fiat to negotiate definitive documentation based upon the bid. Currently, no action by CNH’s shareholders is mandated and further announcements will be made by the Special Committee when and as appropriate. Shares closed up 2.86 percent on the day at $48.86, but have traded in a 52-week range of $34.36 to $47.88.
The Royal Bank Scotland Group (NYSE:RBS) lures new interest for its 316 branches that regulators require to be divested, according to Bloomberg. The private-equity backer of Aldermore Bank, AnaCap Financial Partner, is in discussions with RBS, say sources. Other potential bidders, among which include Nationwide Building Society, Richard Branson’s Virgin Money Holdings (U.K.) Ltd. and the American investor JC Flowers & Co., are in the mix, say sources. Shares closed up 2.6 percent on the day at $9.46, having been traded in a 52-week range of $5.74 to $9.44.
Tat Technologies (NASDAQ:TATT) has posted its third quarter earnings of 20 cents, compared year-over-year to 37 cents in 2011. Shares closed up 8 percent on the day at $5.40, but have traded in a 52-week range of $3.63 to $5.19.
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