Dell (NASDAQ:DELL): Current price $14.22
On Wednesday, the Special Committee of Dell’s board of directors issued the following statement concerning its evaluation of the company’s strategic alternatives, (in part): “The Special Committee, consisting solely of independent directors and working with our independent legal and financial advisors, undertook a rigorous process, over a period of more than five months, to evaluate Dells current risks, opportunities and strategic alternatives. The alternatives included continuing with or modifying the Company’s existing business plan, conducting a leveraged recapitalization, changing the dividend policy, and potentially selling all or parts of the business. As a result of that process, the Special Committee unanimously determined that the sale of the Company would be the best alternative for stockholders. We negotiated aggressively to ensure that stockholders received the best possible value and agreed to a $13.65 per share transaction that provides value certainty at a 37 percent premium above the average price for the 90 days before rumors regarding the transaction surfaced.”
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VMware (NYSE:VMW): Current price $75
The firm leaves the collaboration market with the divestiture of SlideRocket to Clearslide, which will employ the rich slide creation to reinforce its service that offers sales people presentation capabilities so as to better connect with customers. The rapidly-growing Clearslide, which is a startup with $39 million in funding, will join the cloud-based online presentation application into its own service.
Encore Capital Group (NASDAQ:ECPG) Current price $31
Encore announced Wednesday that it will acquire Asset Acceptance Capital Corp. at $6.50 per share, representing a total equity value of around $200 million. This amount represents a premium of 24 percent to the firm’s 30-day volume weighted average share price. The transaction should close in the second quarter. Asset Acceptance has decades of experience in purchasing consumer receivables across a wide range of asset classes, along with a tenured workforce.
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MetroPCS Communications (NYSE:PCS): Current price $10.40
Deutsche Telekom, in a press release, said that ”Deutsche Telekom has reached an important staging post at the approval process of the merger of its subsidiary T-Mobile USA and MetroPCS.” The waiting period mandated by the United States antitrust laws has passed without objection from the Justice Department, the governing regulator. The remaining steps for the deal to go forward are approvals from the Federal Communications Commission, the Committee on Foreign Investment and MetroPCS shareholders, who are scheduled to vote on the merger on April 12.
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