Hot Stock Merger & Acq. Stories (BKC, LMT, PAR, HPQ)

Shares of Burger King Holdings, Inc. (NYSE:BKC) continued to soar on Thursday after the company said private equity firm 3G Capital has agreed to acquire the company for $24 a share, or $4 billion, including the assumption of debt, representing a premiumof over 27.50% over the closing price of $18.86 in the previous trading session.

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News initially broke yesterday that Burger King was mulling offers from multiple interested parties. The leading suitor was then said to be London-based private equity firm 3i Group Plc, but that report was quickly rebuffed by 3i officials.

Shares of BKC jumped 24.18% to $23.42.

Burger King Holdings, Inc. (BKH) is a fast food hamburger restaurant (FFHR). As of June 30, 2009, the Company owned or franchised a total of 11,925 restaurants in 73 countries and United States territories, of which 1,429 restaurants were Company restaurants and 10,496 were owned by its franchisees.

Lockheed Martin Corporation (NYSE:LMT) rose 0.10% to $70 in the morning session.

This morning, Reuters reported that the company is expected to get about $1.5 billion for the two defense services units it put on the auction block in June.

“The largest U.S. defense contractor could sell its Enterprise Integration Group (EIG) unit for about $1 billion, while its Pacific Architects and Engineers Inc (PAE) business is being marketed for about $500 million, the sources told Reuters.”

JPMorgan Chase (JPM.N) and defense-focused advisory firm Stone Key Partners are advising Lockheed on the sale of EIG, while Evercore is running the PAE auction, one of the sources said. The banks declined to comment.

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3PAR Inc. (NYSE:PAR) shares surged 5% to $33.69 following a jump of 20% in the previous trading session after Hewlett-Packard Company (NYSE:HPQ) has raised its offer to buy the company for $33 a share, for a valuation of roughly $2.4 billion. That offer tops a revised bid from Dell Inc.

which had raised its price to $32 a share after H-P boosted its bid to $30 a share.

Hewlett-Packard Company (HP) is a global provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including customers in the government, health and education sectors.

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