Market Overview

Benzinga's M&A Chatter for Tuesday April 30, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday April 30, 2013:

InterMedia Partners VII, L.P. and InterMedia Outdoors Holdings, LLC Offer $9.15/Share for Outdoor Channel Holdings

The Deal:
InterMedia Partners VII, L.P. and InterMedia Outdoors Holdings, LLC offered to acquire Outdoor Channel Holdings (NASDAQ: OUTD) on Tuesday for $9.15 per share in cash. Kroenke Sports & Entertainment has a pending deal with Outdoor Channel at $8.75 per share.

Tuesday's offer was submitted in a letter to Outdoor Channel's Board of Directors.

Outdoor Channel Holdings closed at $8.75 Tuesday and traded over $9.50 after hours.

Hearing Unconfirmed Market Chatter of Potential Google Bid for Yelp

The Rumor:
Yelp (NYSE: YELP) was the subject of renewed takeover chatter on Tuesday. Google (NASDAQ: GOOG) is reportedly prepared to offer $37 per share for Yelp, according to unconfirmed market chatter. AllThingsD reported on March 7 that Yahoo (NASDAQ: YHOO) might have an interest in acquiring Yelp.

Spokespersons for Yelp and Google were not available for comment.

Yelp closed at $26.03 Tuesday, a loss of 2% on 1.5 times average volume.

Avago Technologies Acquires Javelin Semiconductor

The Deal:
Avago Technologies (NASDAQ: AVGO) announced Tuesday that it has acquired Javelin Semiconductor, an innovator of high performance radio frequency and mixed signal CMOS integrated circuits for wireless communications. The acquisition of Javelin is not expected to have a material effect on Avago's financial condition or results of operations in the near term.

Avago Technologies closed at $31.96 Tuesday, a loss of almost 2% on twice average volume.

Posted-In: News Rumors M&A After-Hours Center Movers


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