Market Overview

Benzinga's M&A Chatter for Thursday October 24, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday October 24, 2013:

RR Donnelley to Acquire Consolidated Graphics for $62.00/Share in Cash, Stock Deal

The Deal:
R. R. Donnelley & Sons Company (NYSE: RRD) and Consolidated Graphics (NYSE: CGX) announced Thursday that they agreed that RR Donnelley will acquire Consolidated Graphics for a combination of $34.44 in cash and a fixed exchange ratio of 1.651 RR Donnelley shares for each outstanding share of Consolidated Graphics, for a total of $62 per share, based on RR Donnelley's closing share price on October 23rd.

The deal is expected to close in Q1 2014.

Consolidated Graphics closed Thursday at $63.77, a gain of $0.17.

McKesson to Acquire Majority Stake in Celesio for $8.3B

The Deal:
McKesson Corporation (NYSE: MCK) and Celesio AG announced Thursday that McKesson has agreed to acquire a majority stake in Celesio for €23 per share and to launch parallel voluntary public tender offers for the remaining publicly-traded shares and outstanding convertible bonds of Celesio.

McKesson has agreed to acquire Franz Haniel's stake in Celesio, representing 50.01% of the total outstanding shares of the company. The transaction is valued at approximately $8.3 billion.

McKesson closed Thursday at $150.00, a gain of almost 5%.

Report Former Apple CEO Considering Bid for BlackBerry

The Rumor:
Former Apple (NASDAQ: AAPL) CEO John Sculley is considering a bid for phone maker BlackBerry (NASDAQ: BBRY), according to The Globe and Mail.

Sculley declined comment on the rumor, but told the publication “I've been a long-time BlackBerry fan and user.”

Fairfax Financial, let by Prem Watsa has offered $9.00 per share for BlackBerry.

BlackBerry closed Thursday at $8.25, a gain of $0.10.

Posted-In: News Rumors M&A Global Movers Tech

 

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