Benzinga's M&A Chatter for Tuesday October 15, 2013
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday October 15, 2013:
Report Cerberus to Consider Bid for All of BlackBerry
Shares of BlackBerry (NASDAQ: BBRY) spiked higher Tuesday afternoon on a report from Bloomberg that private equity firm Cerberus Capital Management signed an NDA with the Canadian handset maker to obtain the company's financial records. According to sources, Cerberus is considering purchasing the entire company.
BlackBerry announced the signing of a letter of intent with Fairfax Capital on September 23, under which Fairfax would acquire BlackBerry for $9.00 per share.
Spokespersons for BlackBerry and Cerberus were not available for comment.
BlackBerry closed Tuesday at $8.15, a gain of $0.01.
Yandex Acquires KinoPoisk
Yandex closed at $38.59 Tuesday, a gain of $0.23.
TripAdvisor Acquires Oyster.com
TripAdvisor closed at $73.87 Tuesday, a loss of 1.5%.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.