The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 23 thru Sunday September 25, 2016:
Twitter Said to be Exploring Sale
The Rumor:
Twitter TWTR shares soared Friday following a report from CNBC's David Faber, that the social media company is preparing to sell itself and has hired Goldman Sachs to handle potential offers. Alphabet Inc GOOGL and salesforce.com, inc. CRM are among the potential buyers, according to Faber. The Wall Street Journal reported Sunday that Salesforce CEO Marc Benioff is considering a bid for Twitter and talks between the companies are at an early stage. Verizon VZ is also seen as a potential buyer for Twitter, according to various media reports. Twitter declined comment on the rumor. Twitter closed at $22.62 on Friday, up 21.42%. LANXESS to Acquire Chemtura for $33.50/Share in Cash The Deal:
LANXESS LNXSF announced Sunday, it has signed a contract to acquire specialty chemicals company Chemtura orporation CHMT for $33.50 per share in cash or $2.5 billion. The transaction is expected to close in mid-2017, subject to approval by Chemtura shareholders. Chemtura closed at $28.18 on Friday, up 2.29%. Office Depot to Sell European Operations Aurelius Rho The Deal:
Office Depot, Inc. ODP announced Friday, that it intends to sell its European business to The AURELIUS Group. The transaction is expected to close by the end of 2016. Office Depot closed at $3.712 on Friday, up $0.08.
Market News and Data brought to you by Benzinga APIsTwitter TWTR shares soared Friday following a report from CNBC's David Faber, that the social media company is preparing to sell itself and has hired Goldman Sachs to handle potential offers. Alphabet Inc GOOGL and salesforce.com, inc. CRM are among the potential buyers, according to Faber. The Wall Street Journal reported Sunday that Salesforce CEO Marc Benioff is considering a bid for Twitter and talks between the companies are at an early stage. Verizon VZ is also seen as a potential buyer for Twitter, according to various media reports. Twitter declined comment on the rumor. Twitter closed at $22.62 on Friday, up 21.42%. LANXESS to Acquire Chemtura for $33.50/Share in Cash The Deal:
LANXESS LNXSF announced Sunday, it has signed a contract to acquire specialty chemicals company Chemtura orporation CHMT for $33.50 per share in cash or $2.5 billion. The transaction is expected to close in mid-2017, subject to approval by Chemtura shareholders. Chemtura closed at $28.18 on Friday, up 2.29%. Office Depot to Sell European Operations Aurelius Rho The Deal:
Office Depot, Inc. ODP announced Friday, that it intends to sell its European business to The AURELIUS Group. The transaction is expected to close by the end of 2016. Office Depot closed at $3.712 on Friday, up $0.08.
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