The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 11 through Sunday July 13, 2014:
Whiting Petroleum to Acquire Kodiak Oil & Gas for $6B in All-Stock DealThe Deal:
Whiting Petroleum (NYSE:
WLL) and Kodiak Oil & Gas (NYSE:
KOGAECOM to Acquire URS for $56.31/Share in Cash, Stock DealThe Deal:
AECOM Technology (NYSE:
ACM) and URS (NYSE:
URS) announced Sunday, that AECOM will acquire all outstanding shares of URS for $4 billion or $56.31 per URS share, in a cash and stock deal. The total enterprise value of the deal, including assumption of URS debt, is about $6 billion.
Reuters reported on Friday that URS had hired Citigroup and DBO Partners as advisors for a potential deal.
The deal is expected to close in October 2014.
URS shares closed Friday at $52.02, a gain of 2%.
Crumbs to be Acquired by Lemonis Fischer Acquisition Company as Part of Chapter 11 FilingThe Deal:
Crumbs Bake Shop (OTC:
CRMB) announced Saturday that it has entered into an Asset Purchase Agreement with Lemonis Fischer Acquisition Company, a joint venture between Marcus Lemonis LLC and Fischer Enterprises, LLC. The joint venture will acquire the Crumbs' business as part of the Company's filing of voluntary Chapter 11 bankruptcy filing.
Crumbs shares soared 1200% Thursday, on a report of a potential deal.
Crumbs Bake Shop closed Friday at $0.64, a gain of 60%.
Report Shire Seeking Near £53/Share Offer from AbbVieThe Rumor:
Shire (NASDAQ:
SHPG) is seeking approximately £53 per share from AbbVie (NYSE:
ABBV), according to sources, as reported by
Reuters. That's not far off from AbbVie's latest offer of £51.15 per share. AbbVie has until July 18 to present a firm offer for Shire, under UK takeover rules.
Shire confirmed on Friday that it has met with AbbVie to discuss a takeover deal.
Shire closed Friday at $249.06, a gain of more than 4%.
Lorillard Confirms Discussions Regarding Potential Acquisition by Reynolds AmericanThe Talks:
Lorillard (NYSE:
LO) and Reynolds American (NYSE:
RAI) confirmed Friday that they are engaged in discussions regarding RAI's potential acquisition of Lorillard. Imperial Tobacco (OTC:
ITYBY) also confirmed it is in talks, regarding the potential acquisition of certain assets and brands owned by RAI and Lorillard. Talks between the parties have been rumored since May.
Lorillard shares closed Friday at $66.01, a gain of 4.5%, While Reynolds American shares lost $0.51 to close at $61.75
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
