The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 16, 2014:
Report Sprint Getting Financing Proposals for T-Mobile Acquisition
The Rumor:
Shares of T-Mobile US TMUS surged higher Thursday, after the close on a report from Dow Jones that Sprint S has received proposals from banks regarding the financing of a deal for nation's fourth-largest mobile carrier. In December, Nikkei reported that Sprint's S majority owner Softbank SFTBY, could purchase T-Mobile in Q2, financing a deal through the U.S. bond market. T-Mobile closed Thursday at $32.60, and traded around $33.70 after-hours. Report Tyson Eyeing Michael Foods Acquisition The Rumor:
Shares of Tyson Foods TSN spiked higher Thursday on a report from Reuters that the world's largest meet producer was exploring a bid for Michael Foods. The deal reportedly could be worth more than $2 billion. A spokesperson for Michael Foods said they had nothing to share regarding the report. A Tyson spokesperson was not available for comment. Tyson Foods closed Thursday at $35.04, a gain of $0.26.
Market News and Data brought to you by Benzinga APIsShares of T-Mobile US TMUS surged higher Thursday, after the close on a report from Dow Jones that Sprint S has received proposals from banks regarding the financing of a deal for nation's fourth-largest mobile carrier. In December, Nikkei reported that Sprint's S majority owner Softbank SFTBY, could purchase T-Mobile in Q2, financing a deal through the U.S. bond market. T-Mobile closed Thursday at $32.60, and traded around $33.70 after-hours. Report Tyson Eyeing Michael Foods Acquisition The Rumor:
Shares of Tyson Foods TSN spiked higher Thursday on a report from Reuters that the world's largest meet producer was exploring a bid for Michael Foods. The deal reportedly could be worth more than $2 billion. A spokesperson for Michael Foods said they had nothing to share regarding the report. A Tyson spokesperson was not available for comment. Tyson Foods closed Thursday at $35.04, a gain of $0.26.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in