Benzinga's M&A Chatter for Tuesday September 11, 2012
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday September 11, 2012:
Mellanox Reports Being Approached Multiple Times by Potential Buyers
Mellanox Technologies (NASDAQ: MLNX) reported Tuesday that the company has been approached multiple times by potential buyers, according to CEO Eyal Waldman speaking to Reuters.
Oracle (NASDAQ: ORCL) currently has a 10% stake in Mellanox, Fidelity owns 14%.
Mellanox Technologies closed at $102.41 Tuesday, a gain of 0.75% on 2.5 time saverage volume.
Monster Worldwide Says Still in Sale Process
A Monster Worldwide (NYSE: MWW) spokesperson told Benzinga Tuesday the company is still in talks to sell itself. There was chatter last week that the company was in the final stages of a bidding process that might include Microsoft (NASDAQ: MSFT), Oracle (NASDAQ: ORCL), News Corp (NASDAQ: NWSA) and Salesforce.com (NYSE: CRM).
There was a sharp selloff in Monster shares at around 10:45am. The Monster spokesperson had no news to account for the move.
Monster Worldwide closed at $7.91 Tuesday, a loss of 2.94% on 2.5 times average volume.
Blog Post Says Pfizer Could Buy Amarin
Spokespersons for Amarin and Pfizer were not available for comment.
Amarin closed at $13.56 Tuesday, a loss of 5.90% on 1.5 times average volume.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.