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Benzinga's M&A Chatter for Tuesday September 10, 2013

Benzinga's M&A Chatter for Tuesday September 10, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday September 10, 2013

Cisco Intends to Acquire WHIPTAIL for $415M in Cash

The Deal:
Cisco (NASDAQ: CSCO) announced Tuesday it intends to acquire privately held data storage company WHIPTAIL for $415 million in cash. The deal is expected to close in Q1 of FY 2014.

Cisco closed Tuesday at $24.16, a gain of 1%.

3D Systems Acquires The Sugar Lab

The Deal:
3D Systems (NYSE: DDD) announced Tuesday that it has acquired start-up micro-design firm The Sugar Lab. Terms of the deal were not disclosed.

3D Systems closed at $52.41 Tuesday, gaining $0.13.

Time Inc. to Acquire American Express Publishing

The Deal:
Time Inc. (NYSE: TWX) and American Express Company (NYSE: AXP) announced Tuesday an agreement for Time Inc. to acquire American Express Publishing, which includes including Travel + Leisure and Food & Wine. Terms were not disclosed. The deal is expected to close in Q4 2013.

American Express closed at $74.60 Tuesday, gaining more than 1%.

Posted-In: News M&A Movers


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