Benzinga's M&A Chatter for Thursday June 27, 2013

Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday June 27, 2013:
Report New York Times to Sell Boston Globe for $100MThe Rumor
:

Bids for the
New York TimesNYT
-owned
Boston Globe
are reportedly in the $100M range, according to the
NY Post
. The
Times
paid $1.1B for the
Globe
in 1993 in a mostly stock transaction. The New York Times closed at $10.88 Thursday, a gain of $0.03 on average volume.
Hearing Renewed Chatter of Shell Interest in Range ResourcesThe Rumor
:

Shares of Range Resources
RRC
surged higher early Thursday on renewed chatter of a possible bid by Royal Dutch Shell
RDS
. Shell and Exxon Mobil
XOM
have been mentioned previously as potential buyers of Range Resources. A spokesperson for Royal Dutch Shell declined comment on the rumor. A Range Resources spokesperson was not available for comment. Range Resources closed at $79.94 Thursday, a gain of $0.39 on 1.5 times average volume.
Loading...
Loading...
Report John Malone Contemplating Charter Bid for Time Warner CableThe Rumor
:

Shares of Time Warner Cable
TWC
spiked higher in afternoon trading Thursday on a
Bloomberg
report that Liberty Media's
LMCA
John Malone is exploring the possibility of Charter Communications
CHTR
acquiring TWC. Liberty owns 27% of Charter. Spokespersons for Liberty, Charter and Time Warner Cable were not available for comment. A spokesperson for Cablevision
CVC
, whose shares rose sharply on reports that it was also a target of Charter, declined comment on the
Bloomberg
report. Time Warner Cable closed at $108.22 Thursday, a gain of 4.5% on 3 times average volume. Cablevision closed at $16.25 Thursday, a gain of 5.5% on 3.5 times average volume.
Adobe to Acquire Neolane for $600M in CashThe Deal
:

Adobe Systems
ADBE
announced Thursday it has agreed to acquire privately held Neolane for approximately $600 million in cash. Neolane integrates online and offline marketing data from across an enterprise. The deal is expected to close in July. Adobe Systems closed at $45.93 Thursday, a gain of $0.25 on average volume.
Loading...
Loading...
Posted In: NewsRumorsInsider TradesM&AAfter-Hours CenterMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...