GE's Next Big Energy Move

| About: General Electric (GE)


GE in talks to buy Adwen.

Envision and Amsurg merge.

Cavium buying QLogic.

Welcome to the Windy issue of M&A Daily

General Electric

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.


Envision (NYSE:EVHC) and Amsurg (NASDAQ:AMSG) are merging in a $4.7 billion stock deal. EVHC holders get 0.334 AMSG shares.


Cavium (NASDAQ:CAVM) is buying QLogic (NASDAQ:QLGC) in a $1.3 billion cash and stock deal. QLGC holders get $11 per share in cash and 0.098 CAVM shares.


So far, it has been a solid year for gold investments. Two of my favorites are Central Fund of Canada (NYSEMKT:CEF) and Paramount Gold (NYSEMKT:PZG).


Paramount was a free spin-off; it is up 18% since the spin in a period when the S&P 500 (NYSEARCA:SPY) has returned less than 1%.


FEI (NASDAQ:FEIC) needs US, Chinese, and European approvals for its acquisition by Thermo Fisher (NYSE:TMO).


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).


The second S-4 amendment has been filed for the Apollo Commercial (NYSE:ARI) acquisition of Apollo Residential (NYSE:AMTG).


Arbor and XenoPort (NASDAQ:XNPT) announced HSR clearance for their deal.


The Empire District (NYSE:EDE) shareholder vote is today for its acquisition by Algonquin (AQUNF). More to come in future editions of M&A Daily

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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).

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.