These Five Stocks Are Buzzing Amid M&A and Other News

General Motors’ China Sales Are Strong

Despite the soft Chinese economy, demand for General Motors Company (NYSE:GM)’s vehicles in China is still strong. According to a press release, GM delivered a record 295,282 vehicles in China in May, marking a 16.9% year-over-year jump in demand. GM’s Buick, Cadillac and Baojun brands all set all-time highs for deliveries for the month, with Buick deliveries rising 61%, Cadillac deliveries rising 30%, and Baojun deliveries jumping 80% year-over-year. Strong demand in China will be a key metric to watch for, as General Motors Company (NYSE:GM) transitions to the connected/automated car future. Warren Buffett’s Berkshire Hathaway owned 50 million shares of General Motors at the end of March.

Talen Energy Sells Itself

Talen Energy Corp (NYSE:TLN)’s stock has surged by 16.5% after the company agreed to be acquired by the private equity fund Riverstone Holdings for $14.00 in cash per share. The transaction has a total enterprise value of around $5.2 billion and should close by the end of 2016. Talen has a standard go-shop period of 40 days to find a better offer from other parties. There is no assurance that the process will yield a better proposal. Talen Energy Corp (NYSE:TLN) was included in the equity portfolios of seven funds tracked by Insider Monkey at the end of March.

Disclosure: none