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Several important earnings announcements and energy deals are coming up the week of August 4, 2008. The Deal's Mary Kathleen Flynn of Tech Confident...
Several important earnings announcements and energy deals are coming up the week of August 4, 2008. The Deal's Mary Kathleen Flynn of Tech Confidential and Suzanne Stevens of Corporate Dealmaker will bring you up to date on the week's dealmaking events.Here are some of this week's key dealmaking events: On, Aug. 4. Smith International Inc's exchange offer for W-H Energy Inc. expires. Smith International Inc. of Houston agreed to acquire crosstown provider W-H Energy Services Inc. for $3.2 billion. Both companies' boards have approved the deal, but W-H Energy shareholders and regulators still must clear it. It should close in the third quarter. On Aug. 5 Barrick Gold Corp. says it will mail out a circular to Cadence Energy Inc. shareholders. The Toronto-based miner made an unsolicited offer to buy Calgary oil and gas explorer Cadence Energy Inc. for $409 million. The deal depends on receiving acceptances for two-thirds of the shares.On August 5 Whole Foods Market Inc. will report third quarter earnings as a federal appeals court told a lower court to reconsider a previous ruling that allowed consummation of the acquisition of Wild Oats Markets Inc. for $700 million.On Aug. 5 Cisco Systems lnc. will announce its fourth quarter earnings. There were rumors that Cisco may acquire EMC Corp. last week. Cisco Systems Inc. unveiled a $120 million deal for Pure Networks Inc. last week, while competitor Brocade Communications Systems Inc. bought out rival Foundry Networks Inc. in a $3 billion dealOn Aug. 6 Time Warner Inc. will announce earnings. There has been speculation that the company could sell off struggling internet company AOL LLC, which is undergoing cost-cutting moves to improve performance.Want to offer us some suggestions? Leave a comment below or e-mail us at reporters@thedeal.com. Less
10:13 News & Politics
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