The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday August 14, 2014:
Heartland Payment Systems Acquires LeafThe Deal:
Heartland Payment Systems (NYSE:
HPY) announced Thursday, that it acquired Leaf, which created a POS tablet specifically designed for commerce. Terms of the deal were not disclosed.
Heartland Payment Systems shares closed Thursday at $47.17, a gain of $0.01%.
OmniVision Receives Non Binding Proposal for $29/ShareThe Offer:
OmniVision Technologies (NASDAQ:
OVTIReport Shutterfly Receiving Competing Bids from PE Firms
Shares of Shutterfly (NASDAQ:
SFLY) surged higher Thursday, on a report from
The Deal that the company is receiving competing bids from private equity companies. The deal reportedly will close this year.
The Rumor:
Bloomberg reported on July 2, that Shutterfly had hired Qatalyst to handle a potential sale.
Deal Reporter said on July 30, that Yahoo (NASDAQ:
YHOO), Apple (NASDAQ:
AAPL), Microsoft (NASDAQ:
MSFT) and Hewlett-Packard (NYSE:
HPQ) were looking at Shutterfly as a potential takeover target.
Shutterfly closed Thursday at $49.67, a gain of more than 4%.
Coca-Cola Acquires 16.7% Equity Stake in Monster Beverage for $2.15BThe Deal:
The Coca-Cola Company (NYSE:
KO) and Monster Beverage (NASDAQ:
MNST) announced Thursday that they have entered into agreements for a long-term strategic partnership, under which Coca-Cola will acquire an approximately 16.7% stake in Monster for $2.15 billion. Coke will have two directors on Monster's Board and will become Monster's preferred distribution partner globally.
The deal is expected to close in late 2014 or early 2015.
Benzinga reported back in 2012, that Coca-Cola might be planning a takeover of the energy drink company.
Monster Beverage closed Thursday at $71.65, and traded as high as $97.48 after-hours on the news. Coca-Cola ended the regular session at $40.18 and traded as high as $40.82 after-hours.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
Posted In:
