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SAP to Buy Ariba for $4.3 Billion, $SAP, $ARBA

SAP AG (SAP), largest maker of enterprise- applications software, agreed to buy Ariba Inc. (ARBA) for $4.3 billion in the German company’s second multi-billion purchase in cloud computing to take on Oracle Corp. (ORCL)

SAP will pay $45 a share, or 20 percent more than Ariba’s May 21 closing price, Walldorf, Germany-based SAP said yesterday. The transaction, subject to approval by Ariba shareholders and regulators, will probably be completed by the end of August, SAP Chief Financial Officer Werner Brandt said on a conference call.”

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$ETN Acquires $CBE For Huge Premium

Diversified industrial manufacturer Eaton Corp said it will buy electrical equipment maker Cooper Industries for $11.8 billion in cash and stock.

The offer of $72 per share is a 29 percent premium to Cooper’s Friday closing price. Cooper shareholders will get $39.15 in cash and 0.77479 in Eaton share for every share they own.

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Coty Withdraws a $10.7 Billion Bid for Avon Products

“(Reuters) – Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday, saying the world’s largest cosmetics direct seller had missed a deadline to start discussing a deal that Coty first proposed in March.”

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EMC Confirms Deal To Buy XtremIO For Reported $430M

“EMC this morning confirmed previous reports that it has acquired XtremIO, a flash storage company based in Herzliya, Israel. EMC said the deal is an all-cash transaction and will not have a material impact to fiscal 2012 financial results.

Terms of the deal were not announced, but the Israeli business news Web site Globes, which had previously said the two sides were in talks for a deal in the $400 million to $450 million range, today reports that the purchase price was $430 million.

EMC said that XtremIO is “widely regarded as one of the world’s premier Flash storage architecture pioneers.”

Globes noted that investors in XtemIO include Jerusalem Venture Partners, Giza Venture Capital, Battery Ventures and Lightspeed Ventures.

EMC this morning is down 32 cents, or 1.2%, to $27.15.”

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Buffett Joins Coty’s Richer Bid for Avon

“Fragrance maker Coty Inc. added the firepower of Warren Buffett’s Berkshire Hathaway Inc. to its group bidding for Avon Products Inc., and submitted a sweetened $10.69 billion offer to try to bring the struggling beauty-products company to the table.”
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Wireless Stocks Spike on Takeover Rumors: $LEAP, $PCS

Deutsche Telekom is considering a stock-swap transaction that would give the German company control over the combined entity, which would be publicly listed, said two of the people, who declined to be identified because the talks are private. Other options include an initial public offering or an outright sale of T-Mobile USA, the people said, adding that Deutsche Telekom is also in talks with other companies. MetroPCS shares jumped as much as 29 percent in New York.

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Hologic, $HOLX, to Buy GenProbe, $GPRO, for $3.72 Billion

“BEDFORD, Mass. (AP) — Medical device maker Hologic Inc. said Monday that it will buy diagnostic test maker Gen-Probe for about $3.72 billion in an all-cash deal.

Bedford, Mass.-based Hologic will pay $82.75 for each Gen-Probe share.

The price represents a 20 percent premium ….”

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Energy Transfer Partners, $ETP, Will Buy Sunoco, $SUN, for $5.3 Billion

Energy Transfer Partners LP (ETP) agreed to buy Sunoco Inc. (SUN), a pipeline and gasoline station owner, for $5.3 billion in shares and cash to add oil terminals and transportation assets.

Energy Transfer, a Dallas-based natural-gas pipeline owner, will pay $25 in cash and 0.5245 shares for each Sunoco share, giving Sunoco investors $50.13 a share, according to a statement today. Energy Transfer is paying a 23 percent premium above the April 27 closing price for Sunoco. That’s less than the 48 percent average premium of 97 deals in the pipeline sector in North America in the past 12 months, according to data compiled by Bloomberg….”

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Shell, $RDSA, Will Buy Cove, $COV, for $1.8 Billion

Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, agreed to buy Cove Energy Plc (COV) after raising its bid to 1.12 billion pounds ($1.8 billion), securing a stake in gas fields discovered off Mozambique.

Shell increased its offer for Cove to 220 pence a share from 195 pence, matching a rival proposal from Thailand’s PTT Exploration & Production Pcl (PTTEP), the Hague-based company said in a statement today. The board of London-based Cove has agreed to the Shell bid…”

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