The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday April 13, 2012:
RF Monolithics to Be Acquired by Murata Electronics North America
The Deal:
RF Monolithics RFMI announced Friday that it has entered into a definitive agreement to be acquired by Murata Electronics North America (MRAAY) for $1.78 per share to holders of RFM common shares, representing an 80% premium over the Nasdaq closing price as of April 12, 2012. The acquisition is expected to close in the third calendar quarter of 2012. Murata Electronics North America's parent company, Murata Manufacturing Co., Ltd. is the world's number one supplier of passive electronic components. Farlin Halsey, President and CEO of RFM, stated, “We believe that the transaction with Murata Electronics North America offers a substantial premium to our stockholders. There is a natural fit between our two companies and we believe it was a significant factor in our outside directors' ability to attain a favorable price for our stockholders. RF Monolithics closed at $1.71 Friday, a gain of 73% on 41 times the average daily volume. Hearing Chatter of Dell Offer for Netapp The Rumor:
Dell DELL is offering $55 per share for Netapp NTAP, according to sources. Netapp has been rumored as a buyer of Fusion-IO FIO. A spokesperson for Dell would not comment on the rumor. A Netapp spokesperson was not available for comment. Netapp closed at $40.13 Friday, a loss of 1.98% on slightly less than average volume. Hearing IAMGOLD is Pursing an Acquisition of Jaguar Mining The Rumor:
IAMGOLD IAG is looking to acquire Jaguar Mining JAG, according to sources. Jaguar has been the subject of chatter involving China's Shandong Gold. It was rumored last week that Shandong had withdrawn an unconfirmed offer to acquire Jaguar. Benzinga spoke Friday with a representative of IAMGOLD who said that Jaguar Mining was one of 50 companies they have evaluated over the past year, but she would not comment specifically if they were actively pursing the Brazilian miner. Jaguar Mining closed at $3.54 Friday, a loss of 4.84% on twice the average daily volume.
Market News and Data brought to you by Benzinga APIsRF Monolithics RFMI announced Friday that it has entered into a definitive agreement to be acquired by Murata Electronics North America (MRAAY) for $1.78 per share to holders of RFM common shares, representing an 80% premium over the Nasdaq closing price as of April 12, 2012. The acquisition is expected to close in the third calendar quarter of 2012. Murata Electronics North America's parent company, Murata Manufacturing Co., Ltd. is the world's number one supplier of passive electronic components. Farlin Halsey, President and CEO of RFM, stated, “We believe that the transaction with Murata Electronics North America offers a substantial premium to our stockholders. There is a natural fit between our two companies and we believe it was a significant factor in our outside directors' ability to attain a favorable price for our stockholders. RF Monolithics closed at $1.71 Friday, a gain of 73% on 41 times the average daily volume. Hearing Chatter of Dell Offer for Netapp The Rumor:
Dell DELL is offering $55 per share for Netapp NTAP, according to sources. Netapp has been rumored as a buyer of Fusion-IO FIO. A spokesperson for Dell would not comment on the rumor. A Netapp spokesperson was not available for comment. Netapp closed at $40.13 Friday, a loss of 1.98% on slightly less than average volume. Hearing IAMGOLD is Pursing an Acquisition of Jaguar Mining The Rumor:
IAMGOLD IAG is looking to acquire Jaguar Mining JAG, according to sources. Jaguar has been the subject of chatter involving China's Shandong Gold. It was rumored last week that Shandong had withdrawn an unconfirmed offer to acquire Jaguar. Benzinga spoke Friday with a representative of IAMGOLD who said that Jaguar Mining was one of 50 companies they have evaluated over the past year, but she would not comment specifically if they were actively pursing the Brazilian miner. Jaguar Mining closed at $3.54 Friday, a loss of 4.84% on twice the average daily volume.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
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