Market Overview

Benzinga's M&A Chatter for Thursday November 21, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday November 21, 2013:

KKR to Acquire Winoa Group

The Deal:
A consortium led by KKR Asset Management (NYSE: KKR), which is wholly owned by KKR, announced Thursday it has entered into an agreement to acquire Winoa Group from LBO France.

The closing of the deal remains subject to approval by the authorities. Terms of the deal were not disclosed.

KKR closed Thursday at $22.89, a gain of $0.16.

Crescendo Asks Aeropostale Board to Consider Sale

The Letter:
Share of Aeropostale (NYSE: ARO) rose Thursday, as activist investor Crescendo Partners sent a letter to the Aeropostale Board requesting they consider a sale of the company. Crescendo sees a sale price of $14.00 to $16.00 per share.

A report from TheStreet.com on October 2 indicated Sycamore Partners was looking at Aeropostale.

Aeropostale closed Thursday at $10.60, a gain of 5.5%.

Changyou to Acquire 62.5% Stake in Raidcall for $50M in Cash

The Deal:
Changyou.com (CYOU) and Kalends jointly announced Thursday that Changyou will acquire 62.5% of the equity interests, on a fully-diluted basis, of a company of Kalends outside of China that will hold all of the assets associated with social communication platform Raidcall for $50 million in cash. The deal is expected to close in December 2013.

Changyou.com closed Thursday at $27.68, a loss of $0.14.

Posted-In: News Insider Trades M&A Movers

 

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