Benzinga's Weekly M&A Chatter
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 20 through Sunday September 22, 2013
BASF to Acquire Verenium for $4.00/Share in Cash
BASF (OTC: BASFY) announced Friday that its U.S. affiliate, BASF Corporation, has agreed to commence a cash tender offer for all the outstanding shares of Verenium Corporation (NASDAQ: VRNM) for $4.00 per share in cash. The deal is expected to close in Q4 2013.
Biomarin shares traded over $86 in the pre-market and closed at $78.39, a gain of just over 1%.
Hearing Analyst Says Glu Mobile Could be Acquired at $7-$8/Share
The Analyst Comment:
Shares of Glu Mobile (NASDAQ: GLUU) spiked higher early Friday, reportedly on comments from Dougherty that the company could be a potential takeover target at a price of $7.00 to $8.00 per share.
A Glu Mobile spokesperson was not available for comment.
Glu Mobile closed at $2.42 Friday, a gain of 3% on more than twice average volume.
Report Mitsubishi Interested in Zoltek
Shares of Zoltek (NASDAQ: ZOLT) rose 8% Friday on a report from St. Louis Business Journal that Mitsubishi may be planning to acquire the carbon fiber manufacturer. The Journal cited the registration of a new Delaware corporation, MHI Wind Power Americas Inc., as a possible prelude to a deal.
A Zoltek spokesperson was not available for comment
Zoltek closed at $15.77 Friday, with volume at 4 times the daily average.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.