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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (3198)	3/4/2013 11:09:49 AM
From: richardred	Read Replies (1) \| Respond to of 7242

Deals of the Day: Cheap Oil Could Help Out Exxon Article Comments Deal Journal HOME PAGE » By Stephen GrocerDeals of the Day compiles this morning’s biggest news about mergers and acquisitions, banking, bankruptcy and more. Catch us on Twitter, @WSJDealJournal. Mergers & Acquisitions Hess to Exit Downstream Business: Hess Corp. said it is exploring options for its entire downstream business and pruning its Asian portfolio, while also unveiling a share buyback program of up to $4 billion and more than doubling its quarterly dividend. [ WSJ] Bristol, at a Crossroads, Eyes Big Deals: Bristol-Myers Squibb has slimmed down to a midsize pharmaceutical company. But the company could be in for even bigger changes. Already, Bristol has weighed doing a large acquisition. [ WSJ] Cheap Oil Could Help Out Exxon: For once, Exxon could use a lower oil price. While this would hurt profits, it would cut the price of acquisition targets. And Exxon, due to host its annual analyst meeting Wednesday, may soon need a big deal. [ WSJ] Elan Sweetens Shareholder Deal: Irish biotech company Elan Corp. Monday said it would sweeten an incentive to shareholders to remain invested in the company but provided little in the way of detail about acquisition targets, casting further doubt over its future existence as it defends itself from a hostile takeover approach. [ WSJ] blogs.wsj.com