Benzinga's M&A Chatter for Monday March 17, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday March 17, 2014: Vodafone to Acquire Ono for €7.2B The Deal:
Vodafone VOD announced Monday it has agreed to acquire Spanish cable operator Ono, for a total consideration equivalent to €7.2 billion. Ono shareholders reportedly approved plans last week for an IPO. The transaction is expected to close in Q3 2014. Vodafone closed Monday at $7.58, a gain of 3%. Hastings Entertainment to be Acquired by Affiliates of Joel Weinshanker for $3.00/Share The Deal:
Hastings Entertainment HAST announced Monday that it has entered a Merger Agreement with wholly-owned subsidiaries of Joel Weinshanker. Under the agreement, upon completion of the merger, each share of Hastings Entertainment will be converted into the right to receive a cash payment of $3.00 per share. Hastings Entertainment closed Monday at $2.98, a gain of 56%. Matthews to Acquire Schawk in Cash, Stock Deal Valued at $20/Share The Deal:
Matthews International MATW announced Monday that the Company has agreed to acquire global brand development company Schawk SGK for $11.80 per share in cash and 0.20582 shares of Matthews' common stock. Based on the closing price of Matthews' stock on March 14, 2014, the total value of the deal is $20 per share or approximately $577 million. The deal is expected to close in the quarter ending September 30, 2014. Schawk closed Monday at $19.94, a gain of 35%.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsM&AGlobalMoversConsumer DiscretionarySpecialized Consumer Services
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!