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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday August 7, 2013:
AOL Acquires Adap.tv for $405MThe Deal:
AOL
AOL announced Wednesday it has agreed to acquire video ad company Adap.tv for $405 million, including $322 million in cash and $83 million in AOL stock.
The deal is expected to close in Q3 2013.
AOL closed at $36.69 Wednesday, a gain of 1.5% on 4 times average volume.
NICE to Acquire CausataThe Deal:
NICE Systems
NICE announced Wednesday that it has agreed to acquire customer experience management company Causata, a provider of real-time Big Data analytics technology.
The deal is expected to close in a few days.
NICE Systems closed at $37.52 Wednesday, a loss of 2.5% on average volume.
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Share of Onyx Pharmaceuticals
ONXX fell Wednesday while shares of Amgen
AMGN soared higher on a report from
Reuters that the companies are negotiating a deal at $130 per share. According to sources, a deal could be announced within a week.
Amgen's original offer of $120 per share was rejected by the Onyx Board.
Onyx Pharmaceuticals closed at $128.21 Wednesday, a loss of almost 3% on 3.5 times average volume. Amgen shares gained almost 7%, closing at $112.40.
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