The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 27, 2015:
Lattice Semiconductor to Acquire Silicon Image Through All-Cash Tender Offer of $7.30/Share
The Deal:
Lattice Semiconductor Corporation LSCC and Silicon Image, Inc. SIMG announced Tuesday, that Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, for an equity value of approximately $600 million. The transaction is expected to close by the end of March 2015. Silicon Image shares gained 23% Tuesday, closing at $7.29. Lattice Semiconductor shares gained 10%, closing at $7.30. Huron to Acquire Studer for $323M Cash, $2M in Huron Common Stock The Deal:
Huron Consulting Group Inc. HURN announced Tuesday, that it has entered into an agreement to acquire professional services firm Studer Group for $325 million, including $323 million in cash and $2 million in Huron common stock. The transaction is expected to close in February 2015, Huron Consulting shares closed Tuesday at $75.84, up almost 6%. Marriott to Acquire Delta Hotels and Resorts for ~$135M The Deal:
Marriott International, Inc. MAR announced Tuesday, it has agreed to acquire the Delta Hotels and Resorts brand and management and franchise business from Delta Hotels Limited Partnership for approximately $135 million. The deal is expected to close in Q2 of 2015. Marriott International shares lost 1% Tuesday, closing at $78.61. Informatica in Contact With Potential Buyers, According to Sources -DJ The Rumor:
Shares of Informatica Corporation (NASDAQ INFA) spiked higher Tuesday, on a report from The Wall Street Journal, that the company is working with Qatalyst Partners on a potential sale. Elliott Associates reported an 8.3% stake on Monday and stated in the filing it was pushing for a sale of the company. Informatica shares rose 5% Tuesday, closing at $43.12.
Market News and Data brought to you by Benzinga APIsLattice Semiconductor Corporation LSCC and Silicon Image, Inc. SIMG announced Tuesday, that Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, for an equity value of approximately $600 million. The transaction is expected to close by the end of March 2015. Silicon Image shares gained 23% Tuesday, closing at $7.29. Lattice Semiconductor shares gained 10%, closing at $7.30. Huron to Acquire Studer for $323M Cash, $2M in Huron Common Stock The Deal:
Huron Consulting Group Inc. HURN announced Tuesday, that it has entered into an agreement to acquire professional services firm Studer Group for $325 million, including $323 million in cash and $2 million in Huron common stock. The transaction is expected to close in February 2015, Huron Consulting shares closed Tuesday at $75.84, up almost 6%. Marriott to Acquire Delta Hotels and Resorts for ~$135M The Deal:
Marriott International, Inc. MAR announced Tuesday, it has agreed to acquire the Delta Hotels and Resorts brand and management and franchise business from Delta Hotels Limited Partnership for approximately $135 million. The deal is expected to close in Q2 of 2015. Marriott International shares lost 1% Tuesday, closing at $78.61. Informatica in Contact With Potential Buyers, According to Sources -DJ The Rumor:
Shares of Informatica Corporation (NASDAQ INFA) spiked higher Tuesday, on a report from The Wall Street Journal, that the company is working with Qatalyst Partners on a potential sale. Elliott Associates reported an 8.3% stake on Monday and stated in the filing it was pushing for a sale of the company. Informatica shares rose 5% Tuesday, closing at $43.12.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: NewsRumorsHedge FundsManagementM&AMoversGeneralConsumer DiscretionaryHotels, Resorts & Cruise LinesInformation TechnologySemiconductors
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!
Already a member?Sign in