This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Stocks to Watch: Microsoft, Quest Software (Update 1)

NEW YORK -- Yammer agreed to sell itself to Microsoft (MSFT - Get Report) for $1.2 billion, The Wall Street Journal reported, citing a person familiar with the matter.

It's unclear when the acquisition of Yammer, the business-software company, will be completed and announced, said a person familiar with the deal, the Journal reported.

Yammer is often called Facebook for the workplace because it creates private social networks inside companies, the newspaper noted.


Dell (DELL - Get Report) is the "strategic bidder" that offered to buy Quest Software (QSFT) for $2.15 billion in cash, sources familiar with the matter told Reuters.

PC maker Dell is the unidentified company mentioned in a statement made by Quest, which disclosed on Thursday that it had received an offer from a "strategic bidder" of $25.50 a share, Reuters said.

The reported Dell bid tops an earlier offer of nearly $2 billion from private investment firm Insight Venture Partners.

Shares of Quest Software gained more than 9% Thursday to finish at $26.06.

Dimon's Political Victory Rings Hollow for Shareholders: FBR


United Technologies (UTX - Get Report) received conditional approval from China for its $16.5 billion takeover of Goodrich (GR), the maker of aircraft parts.

Goodrich will be forced to divest its electrical power generation and transmission systems businesses and should sell 60% of joint venture Aerolec within six months, said China's Commerce Ministry.

Shrewd Apple Means Never Having to Say Sorry


Best Buy (BBY) shares rose more than 2% Thursday following an upgrade by Citigroup.

Citigroup changed its rating on the consumer electronics retailer to neutral from sell. Best Buy shares are down 35% this year.

Are Cash Cows Killing America?


Seagate Technology (STX) said Thursday it reached a deal to acquire a controlling interest in storage device maker LaCie.


The Federal Reserve said that the U.S. government bailout funding that went to American International Group (AIG) has been repaid, according to Bloomberg.

Shares of AIG ticked up 12 cents, or 0.39%, to $31.15 in premarket trading Friday.

-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

>To submit a news tip, send an email to: tips@thestreet.com.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
MSFT $43.23 -1.50%
UTX $121.52 -1.40%
AAPL $128.61 -0.37%
FB $78.77 -1.20%

Markets

DOW 18,191.65 -96.98 -0.53%
S&P 500 2,107.47 -9.92 -0.47%
NASDAQ 4,980.3470 -27.7490 -0.55%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs