The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday August 9, 2013 through Sunday August 11, 2013:
Blackberry Reportedly Considers 'Going Private' Option
The Rumor:
Shares of Blackberry BBRY rose more than $1.00 in the pre-market Friday on a report from Reuters that the company is perhaps open to the idea of being taken private and out of the public eye. Sources said no deal was imminent. A spokesperson for Blackberry declined comment on the rumor. Blackberry closed at $9.76 Friday, a gain of 5.74% on more than twice average volume. Proofpoint to Acquire Armorize Technologies for $25M The Deal:
Proofpoint PFPT announced Friday that it has agreed to acquire Armorize Technologies, a developer of cloud-based anti-malware products, for approximately $25 million in cash. The deal is expected to close in Q3 2013. Proofpoint closed at $29.00 Friday, a loss of $0.18 on average volume. America Movil Offers $9.6B for 70% of KPN The Offer:
Carlos Slim's America Movil AMX bid $9.6 billion Friday to acquire the 70 percent of Dutch telecoms group KPN KKPNY that it does not already own. América Móvil currently owns a 29.77% stake in KPN. America Movil closed at $20.97 Friday, a loss of 6% on 2.5 times average volume.
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Proofpoint PFPT announced Friday that it has agreed to acquire Armorize Technologies, a developer of cloud-based anti-malware products, for approximately $25 million in cash. The deal is expected to close in Q3 2013. Proofpoint closed at $29.00 Friday, a loss of $0.18 on average volume. America Movil Offers $9.6B for 70% of KPN The Offer:
Carlos Slim's America Movil AMX bid $9.6 billion Friday to acquire the 70 percent of Dutch telecoms group KPN KKPNY that it does not already own. América Móvil currently owns a 29.77% stake in KPN. America Movil closed at $20.97 Friday, a loss of 6% on 2.5 times average volume.
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