Benzinga's M&A Chatter for Monday July 20, 2015:
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday July 20, 2015:
NCR Could Get $36 Bid, According to Sources
The Rumor:
Shares of NCR Corp NCR spiked higher Monday, following a story from Deal Reporter that the make of ATM machines could receive a bid of $36.00 per share. Last week, Reuters reported that private equity firm Thoma Bravo was in talks with bankers regarding a bid for NCR. NCR shares closed at $31.37 on Tuesday, a gain of more than 3.5%. Hearing Unconfirmed Market Chatter of $67/Share Bid by Nestle for General Mills The Rumor:
Shares of General Mills, Inc. GIS popped Monday, on unconfirmed market chatter of a potential $67 per share bid by Nestle S.A. NSRGF. General Mills earnings report, the beginning of July, was mixed. General Mills shares closed at $56.83 Monday, a loss of $0.11. Lockheed Martin to Acquire Sirkorsky Aircraft for $9B The Deal:
United Technologies Corp. UTX announced Monday, that it has reached an agreement to sell its Sikorsky Aircraft unit to Lockheed Martin Corp. LMT for $9 billion in cash. The transaction is expected to close by the end of 2015 or in Q1 of 2016. Lockheed Martin shares gained 1.8% Monday, closing at $204.81. SunEdison, TerraForm Power to Acquire Vivint Solar for $2.2B The Deal:
SunEdison, Inc. SUNE, Vivint Solar VSLR and TerraForm Power, Inc. TERP announced Tuesday, that SunEdison will acquire Vivint Solar for approximately $2.2 billion, or $16.50 per share, consisting of $9.89 per share in cash, $3.31 per share in SunEdison stock, and $3.30 per share in SunEdison convertible notes. In connection with its proposed acquisition of Vivint Solar, SunEdison will acquire Vivint Solar's rooftop solar portfolio for $922 million in cash. The transaction is expected to close in Q4 of 2015. Vivant Solar shares gained almost 45% Monday, closing at $15.75.
Market News and Data brought to you by Benzinga APIsShares of NCR Corp NCR spiked higher Monday, following a story from Deal Reporter that the make of ATM machines could receive a bid of $36.00 per share. Last week, Reuters reported that private equity firm Thoma Bravo was in talks with bankers regarding a bid for NCR. NCR shares closed at $31.37 on Tuesday, a gain of more than 3.5%. Hearing Unconfirmed Market Chatter of $67/Share Bid by Nestle for General Mills The Rumor:
Shares of General Mills, Inc. GIS popped Monday, on unconfirmed market chatter of a potential $67 per share bid by Nestle S.A. NSRGF. General Mills earnings report, the beginning of July, was mixed. General Mills shares closed at $56.83 Monday, a loss of $0.11. Lockheed Martin to Acquire Sirkorsky Aircraft for $9B The Deal:
United Technologies Corp. UTX announced Monday, that it has reached an agreement to sell its Sikorsky Aircraft unit to Lockheed Martin Corp. LMT for $9 billion in cash. The transaction is expected to close by the end of 2015 or in Q1 of 2016. Lockheed Martin shares gained 1.8% Monday, closing at $204.81. SunEdison, TerraForm Power to Acquire Vivint Solar for $2.2B The Deal:
SunEdison, Inc. SUNE, Vivint Solar VSLR and TerraForm Power, Inc. TERP announced Tuesday, that SunEdison will acquire Vivint Solar for approximately $2.2 billion, or $16.50 per share, consisting of $9.89 per share in cash, $3.31 per share in SunEdison stock, and $3.30 per share in SunEdison convertible notes. In connection with its proposed acquisition of Vivint Solar, SunEdison will acquire Vivint Solar's rooftop solar portfolio for $922 million in cash. The transaction is expected to close in Q4 of 2015. Vivant Solar shares gained almost 45% Monday, closing at $15.75.
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