Shares of Research In Motion (RIMM
) moved sharply higher Monday after the copmpany said it will to pay NTP $612.5 million to settle all patent claims against Research in Motion; NTP grants the Blackberry maker a license enabling Research in Motion to continue with its BlackBerry-related business.
CarrAmerica Realty (CRE
) agrees to be acquired by an affiliate of The Blackstone Group in a deal valued at about $5.6 billion, in which CarrAmerica Realty holders get $44.75 per share in cash.
) agrees to be acquired by AT&T (T
) in a stock deal valued at about $67 billion, or 1.325 AT&T shares per BellSouth share held. AT&T's board okays a 400 million share buyback by the end of 2008.
General Motors (GM
) is to reduce its equity stake in Suzuki Motor Corp. from 20.4% to 3.0% by selling 92.36 million shares. The strategic alliance between GM and Suzuki will continue.
) posts 30 cents vs. 8 cents fourth quarter earnings per share (EPS.) It is to acquire certain Placer Dome assets from Barrick Gold and the Eleonore gold project in Quebec.
) agrees to be acquired by NBC Universal in a $600 million deal, at $8.50 cash per iVillage share. NBC Universal is 80% owned by General Electric (GE
) and 20% owned by Vivendi Universal (V
) and Heineken Russia are in a licensing deal that will allow Heineken to brew, sell, and distribute Anheuser-Bush's flagship brand under the Bud trademark in Russia.
Lexar Media (LEXR
) reschedules its fourth quarter release in order to facilitate completion of its accounting analysis of inventory and other reserves. It now sees $237 million to $240 million fourth quarter revenue and 25 cents to 28 cents loss per share.
Longview Fibre (LFB
) the Wall Street Journal reports that two investment vehicles, Obsidian Finance Group and Campbell Group, offered $26 a share for all Longview Fibre outstanding stock.
Open Solutions (OPEN
) sees $62 million to $64 million first quarter revenue on breakeven GAAP earnings per share (EPS.) It also sees $370 milion to $380 million 2006 revenue and 65 cents to 69 cents GAAP EPS.