Merger Arbitrage: Capital One ING, Consumer Groups Concerns, Valeant Skin-Care, Gulf Keystone Oil Holdings, Jazz Jumps With Azur Merger

Capital One, ING Defend Merger (Dealbook)

Capital One and ING Direct USA mounted a defense of their proposed $9 billion merger, which consumer groups claim would create another “too big to fail” bank. The hearing came about during the Federal Reserve conference today, when Representative Barney Frank asked the Fed to gauge the potential pitfalls of the deal.

Capital One Financial Corp. (NYSE:COF)

Consumer Groups Concerned With Pharmacy Benefits Merger (WSJ)

A quintet of consumer advocacy groups sent a letter to the U.S. Federal Trade Commission on Tuesday, expressing concerns that a merger of Express Scripts Inc. and Medco Health Solutions Inc. – two of the three largest pharmacy benefits managers – would restrict patient choice and increase costs.

FTC Investigates Valeant, Skin Care (Reuters)

Valeant Pharmaceuticals International said the Federal Trade Commission (FTC) had requested more information regarding its two pending acquisitions of Johnson & Johnson and Sanofi skincare units. Valeant bought the skin-care units of both companies last July and expect to close the deal by the end of the year.

Gulf Keystone Petroleum To Dump Kurdish Oil (Businessweek)

Gulf Keystone Petroleum intends to divest its 20% interest in the Akri-Bijeel block, located in the Kurdistan Region of Iraq. MOL, the operator of the block and owner of 80% interest, has estimated significant reserves of gross petroleum.

Jazz Jumps With Azur Merger (MarketWatch)

Jazz Pharmaceuticals Inc.’s stock price jumped nearly 7% Tuesday after it said it would merge with the Irish drug maker, Azur Pharma Ltd., in an all stock deal. Both companies develop and manufacture drugs focused on the central nervous system.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!