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Clearwire Corporation (NASDAQ:CLWR): The company is all set to be acquired by Sprint Nextel and the stock plummeted down to $2.94. It is currently at $2.95, down 12.61 percent from its previous close of $3.37.
The negotiations had been on for quite some time and finally Clearwire settled at $2.97 apiece. This price is 7 cents higher than Sprint’s last bid. Sprint Nextel would pay $2.2 billion for acquiring half of Clearwire. The deal is yet to be ratified by minority shareholders, some of whom have already filed case against Clearwire for underselling. The stock oscillated in the range of $2.94 and $3.00 in the current trading session, while its 52 weeks range stands at $0.83 and $3.40. The company had reported its latest EPS at -$4.76 per share and its stock trades at beta of 0.21. Clearwire commands market capitalization of $2.04 billion.
Apple Inc. (NASDAQ:AAPL): The stock seems to be in the free fall lately and went below $500 mark in the current trading session. Apple touched the high of $514.35 and its lowest price point for the session stood at $499. Following the stock’s dismal performance lately, Citigroup cut down its price target and reduced the rating from Buy to Neutral. However, on the positive side, the company noted that it moved more than 2 million iPhone 5 unites in the first three days of its debut in China. The naysayers would like to point out that iPhone 5 sales volume only marginally surpassed the record set by iPhone 4S. Apple had a good run this year as its stock touched high of $705.07, while its nadir point for the year is at $380.48. Apple trades at Price Earnings ratio of 11.41 and its beta is 0.93. The company paid $10.60 in dividend, giving it dividend yield ratio of 2.10 percent.
Caribou Coffee Company Inc. (NASDAQ:CBOU): Not all stocks react negatively to the news of acquisition. Unlike Clearwire, Caribou Coffee Company stock shot up to $16.11 in the current trading session, after the news of its acquisition by Benckiser Group. Caribou Coffee Company has been valued at $340 million, while its latest market cap is at $325.55 million. The deal fixed the share price at $16 apiece and it is currently at $16.02, up 30.03 percent from its previous close of $12.32. Caribou Coffee Company stock is trading at the beta of 0.92 and its Price Earnings ratio is 31.91. it has traded in the range of $9.93 and $18.84 in the past 52 weeks. The company had reported its latest Earnings per Share at $0.50 apiece. Benckiser Group will take the company private.
Compuware Corporation (NASDAQ:CPWR): Another acquisition star, Compuware Corp. is currently trading at $10.96, up 15.01 percent. The company has received an offer to be bought by Elliott Management Corp. The deal is said to be worth $2.3 billion and priced the share at $11 each. Elliott Management is a hedge fund run by Paul Singer and already holds 8 percent stake in Compuware. Singer is of the view that the company is underperforming. Compuware management refused to issue any comment. The company’s current market capitalization stands at $2.32 billion and its stock trades at Price Equity ratio of 33.94. Its latest EPS was reported at $0.32. Compuware is software services provider and is based out of Michigan. The company offers various services related to Mainframe and Application Performance Management. It provides its services to various industries such as healthcare and automotive.
MIPS Technologies Inc. (NASDAQ:MIPS): The company had been at the center of a bidding war. However, one of the bidders CEVA Inc. pulled itself out of the competition and Imagination Technologies Group took the opportunity to extend at $100 million offer for MIPS Technologies. Earlier, the company had agreed to be bought for $60 million by Imagination, sparking a bid war with CEVA Inc. making an unsolicited offer of $75 million. The offer was countered by Imagination’s $80 million bid, which again was upped by CEVA for $90 million. MIPS stock is currently at $7.81, marginally lower that deal valuation of $7.94 apiece. The stock traded in the range of $7.77 and $7.85 in the current trading session and its 52 weeks trading price is in the range of $3.91 and $7.85. MIPS Technologies stock has beta of 1.66 and its Price Earnings ratio is $45.67.
