Welcome to the Windy issue of M&A Daily
General Electric (NYSE:GE) CEO Jeff Immelt is committed to increasing exposure to alternative energy. To that end, he is looking to buy the Adwen wind farm, an offshore wind industry joint venture between Gamesa and Areva. Siemens (OTCPK:SIEGY) is also interested in the company and could emerge as the buyer if the GE talks falter.
Today is the HSR filing deadline for the Thoma Bravo acquisition of Qlik (NASDAQ:QLIK).
Today is the HSR filing deadline for the Riverstone acquisition of Talen (NYSE:TLN).
Arbor and XenoPort (NASDAQ:XNPT) announced HSR clearance for their deal.
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Disclosure: I am/we are long CEF, PZG.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Additional disclosure: Chris DeMuth Jr and Andrew Walker are portfolio managers at Rangeley Capital. We invest with a margin of safety by buying securities at discounts to their intrinsic value and unlocking that value through corporate events. To maximize returns for our investors, we reserve the right to make investment decisions regarding any security without notification except where notification is required by law. We manage diversified portfolios with a multi-year time horizon. Positions disclosed in articles may vary in sizing, hedges, and place within the capital structure. Disclosed ideas are related to a specific price, value, and time. If any of these attributes change, then the position might change (and probably will).
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