Market Overview

Benzinga's M&A Chatter for Thursday November 1, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday November 1, 2012:

Report Advance Auto Parts Hires Blackstone to Explore Possible Sale

The Rumor:
CNBC's David Faber reported Thursday that Advance Auto Parts (NYSE: AAP) had hired Blackstone Group (NYSE: BX) to explore a possible sale, according to sources. Shares were briefly halted on a circuit breaker following the report.

A spokesperson for the company did not yet have a response to the report of the Blackstone hiring.

Advance Auto Parts closed at $81.00 Thursday, a gain of 14.18% on 4 times average volume.

RedPrairie to Acquire JDA Software for $45/Share

The Deal:
RedPrairie and JDA Software (NASDAQ: JDAS) announced Thursday that JDA and affiliates of RedPrairie have entered into a definitive merger agreement. Under the terms of the merger agreement, entities affiliated with RedPrairie will effect a cash tender offer to acquire all outstanding shares of JDA common stock for $45 per share. The $45 per share offer price represents a 33 percent premium to JDA's stock price on October 26, 2012. The offer price also represents a 16 percent premium to JDA's all-time high stock price. The transaction has a total enterprise value of approximately $1.9 billion. The Board of Directors of JDA has approved the transaction.

JDA Software closed at $44.76 Thursday, a gain of 17.33% on 103 times average volume.

Dun & Bradstreet Share Buyback Could Signal End to Takeover Rumors

The 10-Q:
Dun & Bradstreet (NYSE: DNB) reported in its 10-Q filing Thursday that it had bought back 435,733 shares in the quarter ending September 30, 2012. David Faber of CNBC, tweeted that this type of activity was not usual for a company that was contemplating a sale. On August 16, 2012, the Deal Reporter reported that D&B was in the early stages of a takeover process, while a Wall Street Journal article in July said the company had hired JP Morgan and Credit Suisse to explore a possible sale of the company.

Dun & Bradstreet closed at $81.16 Thursday, a gain of 0.15% on twice average volume.

Posted-In: CNBC Long Ideas News Short Ideas Rumors M&A After-Hours Center Movers

 

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