Wall Street's M&A Chatter From November 9: AT&T CEO Speaks, MagicJack, Dan Loeb-Macerich

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, November 9, 2017.

AT&T CEO Reiterates Was Never Told by DoJ to Sell CNN

The CEO Comments

AT&T Inc. T CEO Randall Stephenson, speaking Thursday at the Dealbook Conference, reiterated that he was never told to sell CNN, to get DoJ approval for the Time Warner TWX Merger. Multiple media reports have claimed that Justice Department officials offered AT&T several options, including the sale of CNN or DirecTV.

Stephens stated on Wednesday that he never offered to sell CNN.

AT&T closed at $34.00, up 56 cents. Time Warner closed at $87.05, down $1.45.

B. Riley to Acquire magicJack VocalTec for $8.71 Per Share

The Deal:

B. Riley Financial, Inc. RILY and magicJack VocalTec Ltd CALL have signed a merger agreement, under which B. Riley will acquire magicJack for $8.71 per share, for a consideration of approximately $143 million in aggregate merger consideration.

The transaction is expected to close in H1 of 2018, subject to regulatory approvals.

magicJack VocalTec closed at $8.32, up $2.67.

Loeb's Third Point Takes Stake in Macerich

The Rumor:

Dan Loeb’s Third Point has taken a stake in real estate investment trust Macerich Co MAC, first reported by Bloomberg. Later, in a 13F filing, the stake was reported as 1.73 million shares.

Loeb is pressing for changes at Macerich, including a potential sale, sources have said. It's not known if talks have taken place between Loeb and Macerich’s management or board.

Macerich closed at $62.41, up $4.31.