Benzinga's Weekend M&A Chatter
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday October 11 through Sunday October 13, 2013:
Yahoo Acquires Social Media Advertising Platform Bread
Yahoo closed at $34.15 Friday, a gain of $0.28
Reports Men's Wearhouse, Jos A Bank Talks Ongoing
Shares of Men's Wearhouse (NYSE: MW) and Jos. A Bank (NASDAQ: JOSB) rose Friday on a report from The Deal that the two companies have ongoing talks. Men's Wearhouse rejected a $48 per share bid from Jos. A Bank on October 9.
Spokespersons for the two companies were unavailable for comment on Friday. Men's Wearhouse shares gained 3% Friday, closing at $49.95, Jos. A Bank gained 7%, closing at $48.67.
Westpac to Acquire Lloyds Banking Group's Australian Asset Finance Business for AUD $1.45B
Westpac (NYSE: WBK) today announced Friday it has agreed to acquire Lloyds Banking Group's (NYSE: LYG) Australian asset finance business, CFAL, and its corporate loan portfolio, BOSI, for AUD $1.45 billion.
Lloyds Banking Group closed at $4.95 Friday, a gain of 1.5%, while Westpac shares gained almost 2%, closing at $31.55
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