Wall Street's M&A Chatter From June 15: Nestlé, Slack, ILG Inc

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, June 15, 2017.

Nestlé to Explore Possible Sale, Other Strategic Options for U.S, Confectionery Business

The Company Comments:

Nestlé NSRGF will explore strategic options for its U.S. confectionery business, including a potential sale, the Swiss company announced. The strategic review covers the U.S. market only and doesn't include Nestlé's Toll House baking products.

Shares of Hershey Co HSY and Mondelez International Inc MDLZ spiked higher on the news. Both companies could be potential buyers of the Nestle unit.

Hershey closed at $114.88, up $0.49.

Amazon Said to have Interest in Acquiring Slack

The Rumor:

Multiple tech companies, including Amazon.com, Inc. AMZN, have approached Slack Technologies regarding a potential takeover, according to sources as reported by Bloomberg. A deal could value Slack at at least $19 million, the sources said.

Amazon and Slack representatives declined comment on the report.

Amazon closed at $964.17, down $12.30.

ILG Hires Moelis to Explore Potential Merger

The Rumor:

Timeshare provider ILG Inc ILG is in talks with companies regarding a potential merger, including Marriott Vacations Worldwide Corp VAC and Hilton Grand Vacations Inc HGV, according to sources as reported by Reuters. ILG has hired Moelis & Co MC to field offers, the sources said.

FrontFour Capital has called on ILG to seek a merger with Marriott Vacations.

Marriott Vacations and Moelis declined comment on the report. ILG and Hilton Grand Vacations did not respond to requests for comment.