Deals of the day- Mergers and acquisitions

Wed Feb 25, 2015 4:07pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds HP, Hudson's Bay, Pharmacyclics)

Feb 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

** Hewlett-Packard Co is in talks to buy wifi network gear maker Aruba Networks Inc and a deal may be announced as soon as next week, Bloomberg reported, citing people with knowledge of the matter.

** Canadian retailer Hudson's Bay Co said it has agreed to form two real estate joint ventures that would cut its debt by about C$1.1 billion ($885.6 million) and pave the way for an initial public offering or alternate transaction.

** Bankrupt RadioShack Corp will slow the process of selling its surviving stores, while GameStop Corp has expressed interest in some of its 1,100 locations that are being closed this month, a lawyer for the electronics retailer told a judge on Wednesday.

  Continued...