Market Overview

Benzinga's M&A Chatter for Friday May 3, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday May 3, 2013:

InterMedia Outdoors Holdings Offers to Acquire Outdoor Channel Holdings for $9.75/Share

The Offer:
InterMedia Outdoors Holdings announced an offer Friday, to acquire all of the outstanding shares of common stock of Outdoor Channel Holdings (NASDAQ: OUTD), at a price of $9.75 per share in cash. InterMedia's offer will remain open until 5:00 p.m. Pacific time on May 10, 2013. Kroenke Sports offered $8.75/share for Outdoor Channel on March 1.

Outdoor Channel Holdings closed at $10.00 Friday, a gain of 5.71% on twice average volume.

Yahoo Close to Deal to Acquire Milewise

The Rumor:
Yahoo (NASDAQ: YHOO) is near a deal to acquire travel startup Milewise, according to Pando Daily.

Both Yahoo and Milewise have declined comment on the rumor.

Yahoo closed at $25.07 Friday, a gain of $0.10 on lower than average volume.

Hearing Renewed Takeover Chatter in Barnes & Noble

The Rumor:
Barnes & Noble (NYSE: BKS) was the subject of renewed market chatter on Friday. On February 25, 2013, Barnes & Noble founder and Chairman, Leonard Riggio announced he intended to propose a purchase of all of the company's retail assets.

A Barnes & Noble spokesperson declined comment on the rumor.

Barnes & Noble closed at $18.54 Friday, a gain of 1.37% on 1.5 times average volume.

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


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