Market Overview

Benzinga's M&A Chatter for Monday November 11, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday November 11, 2013:

Shire to Acquire ViroPharma for $50.00/Share in Cash

The Deal:
Shire (NASDAQ: SHPG) and ViroPharma (NASDAQ: VPHM) announced that Boards of Directors have approved a merger agreement, whereby Shire will acquire all the outstanding shares of ViroPharma for $50 per share in cash, or $4.2 billion. The deal is expected to close in Q4 2013 or Q1 2014.

ViroPharma closed Monday at $49.42, a gain of 25%.

Hearing Market Chatter of $35 Bid by BHP for Walter Energy

The Rumor:
Shares of Walter Energy (NYSE: WLT) rose in the pre-market on unconfirmed market chatter of a possible $35.00/share bid from BHP Billiton (NYSE: BHP). Walter Energy is the subject of frequent takeover chatter.

A spokesperson for BHP Billiton declined comment on the rumor but reiterated comments from the CEO that the company was focused on existing ore bodies. A Walter Energy spokesperson was not available for comment.

Walter Energy closed Monday at $18.49, a loss of $0.13.

Tsinghua Unigroup to be Acquired by RDA Microelectronics for $18.50/ADS

The Deal:
Tsinghua Unigroup and RDA Microelectronics (NASDAQ: RDA) announced Monday that Tsinghua Unigroup will acquire all of the outstanding ordinary shares of RDA for $18.50 per ADS or approximately $910 million. The deal is expected to close in the first half of 2014.

RDA Microelectronics closed Monday at $27.75, a gain of more than 11%.

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

 

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