Benzinga's Weekend M&A Chatter

Comments
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday March 7 through Sunday March 9, 2014: Report Intermune Attracting Takeover Interest The Rumor:
Shares of Intermune ITMN surged higher Friday on a report from Reuters that the biotech company had attracted takeover interest from several pharmaceutical companies, according to sources. There was no indication that an offer had been made, the sources said. An Intermune spokesperson declined comment on the report when contacted by Benzinga. InterMune closed Friday at $33.87, gaining almost 11%. Imerys Says Not Out of Picture in AMCOL Bid Process The Offer:
A spokesperson for France's Imerys IMYSF told Benzinga on Friday, the company was not out of the running for a deal for AMCOL ACO. On Thursday, AMCOL's Board determined that a bid of $45.75 from Minerals Technologies MTX was superior the Imerys offer of $45.25 per share. That offer from Imerys had been approved by the AMCOL Board on March 4. AMCOL closed Friday at $46.66, a loss of $0.09. Vodafone Reportedly to Acquire Ono for $10B The Rumor:
British telecom giant Vodafone VOD is reportedly close to a deal to acquire Spanish cable company Ono for $10 billion, according to sources. The offer would have to be submitted prior to Ono's Board meeting on Thursday to discuss approval of an IPO. A report from Dow Jones on Sunday said it is unlikely Vodafone would submit an offer for Ono before Tuesday. Vodafone closed Friday at $39.93, a loss of almost 3%.
IMYSF Logo
IMYSFImerys
$35.90-%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum-
Growth-
Quality-
Value-
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In: