Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, March 18, 2015

Deals of the day- Mergers and acquisitions, (NMS: BIDU), (NYQ: KKR)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** Private equity firm KKR & Co LP, search engine Baidu Inc and hedge fund Coatue said on Wednesday that they would jointly invest $170 million in Chinese online used-car auction firm Uxin, aiming for a piece of the booming used-car market.** Bank Leumi, Israel's second-largest lender, said on Wednesday it sold 310 million shekels ($77 million) worth of shares in Mobileye, a maker of vision software for vehicle cameras.

Baidu, Inc. (Baidu) is a Chinese-language Internet search provider (ISP). Shares of BIDU fell by 0.991% or $-2.035/share to $203.26. In the past year, the shares have traded as low as $140.66 and as high as $251.99. On average, 2935360 shares of BIDU exchange hands on a given day and today's volume is recorded at 2999891.

KKR & CO. L.P. is a global investment firm. The Company?s business offers a range of investment management services to its fund investors and provides capital markets services to its firm, its portfolio companies and third parties. Shares of KKR traded higher by 0.26% or $0.06/share to $23.01. In the past year, the shares have traded as low as $18.84 and as high as $25.58. On average, 2389540 shares of KKR exchange hands on a given day and today's volume is recorded at 1183049.



Source