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All Penny News: Powertech and Azarga Resources Agree to Merge


Mississauga, ON -- (SBWIRE) -- 02/26/2014 -- Media, Inc. ( announces its latest article titled “Powertech and Azarga Resources Agree to Merge.”

Companies mentioned in this article include Powertech Uranium Corp. (TSX:PWE), Facebook (Nasdaq:FB), Comcast (Nasdaq:CMCSA), Time Warner Cable (NYSE:TWC), Forest Laboratories (NYSE:FRX) and Actavis, Inc. (NYSE:ACT).

Article Excerpt:

Merger and acquisition activity is starting 2014 at a steady pace and most seem to believe it is going to continue. A report published by Pepperdine Private Capital Market Project, International Business Broker Association and M&A Source showed that 87 percent of brokers surveyed projected an increase in completed deals this year as compared to 2013. There has been no shortage of megadeals already this year; that’s for sure. Facebook (Nasdaq:FB) agreeing to spend $19 billion (including restricted stock) to acquire WhatsApp was the fifth-largest tech merger of all time. February has also featured Comcast (Nasdaq:CMCSA) saying it will pay $69.3 billion for Time Warner Cable (NYSE:TWC) and Forest Laboratories (NYSE:FRX) agreeing to be bought by Actavis, Inc. (NYSE:ACT) for $25.5 billion. There’s already been 37 deals with price tags over $1 billion, setting the stage for acquisitions to possibly top the $1-trillion mark for the second straight year in 2014.

While those megamergers get all the headlines, there are countless other deals happening as well as smaller firms join forces. On Wednesday, Powertech Uranium Corp. (TSX:PWE) entered into a share purchase agreement with privately held Azarga Resources Limited in which Powertech is acquiring all of the issued and outstanding shares of Azarga in trade for common shares of PWE. Azarga currently has a large stake in Powertech, owning almost 69 million of the 152.95 million shares outstanding, or 45 percent of the company.

The full version of this article can be found at:

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