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Tuesday, August 12, 2014

Deals of the day- Mergers and acquisitions, (NASDAQ: FOXA)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday: ** China's $653 billion sovereign wealth fund, China Investment Corp, is in talks to purchase Dublin-based aircraft leasing firm Avolon for $4 billion-$5 billion including debt, according to people familiar with the matter.** Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch-controlled film and TV company Twenty-First Century Fox Inc.

Twenty-First Century Fox, Inc., formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations. Shares of FOXA traded higher by 1.16% or $0.4/share to $34.77. In the past year, the shares have traded as low as $30.67 and as high as $36.43. On average, 15930600 shares of FOXA exchange hands on a given day and today's volume is recorded at 19259678.