Benzinga's M&A Chatter for Thursday December 5, 2013:
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday December 5, 2013:
Report Time Warner Cable Likely to Accept $150-$160/Share Offer
Shares of Time Warner Cable (NYSE: TWC) spiked almost 9% higher Thursday on report from Bloomberg that Charter Communications (NASDAQ: CHTR), Comcast (NASDAQ: CMCSA) and Cox have considered bids for the U.S's second largest cable operator. Time Warner Cable reportedly will accept a bid of $150 to $160 per share. Reuters first reported on November 1, that Charter was weighing a bid for TWC.
Time Warner Cable closed Thursday at $132.53, a gain of $0.33.
Jos A Bank Says Considering Men's Wearhouse Bid
Jos. A. Bank (NASDAQ: JOSB) CEO R. Neal Black said Thursday, during the company's earnings call, that they are reviewing Men's Wearhouse's (NSYE: MW) $1.2 billion offer. Black said "work is underway, but I cannot give you a timeline of when that work will be completed enough to give a thoughtful response".
Men's Wearhouse offered $55.00 per share for Jos. A. Bank on November 26, following discussions with investor Eminence Capital CEO Ricky Sandler. Jos. A. Bank had offered $48.00 per share for Men's Wearhouse on October 9 and the offer was rejected.
Jos. A. Bank closed Thursday at $56.46, a loss of $0.43
Hearing Vulcan Materials Could Bid for Silica Holdings
A spokesperson for Silica Holdings declined comment on the rumor. A Vulcan Materials spokesperson was not available for comment.
Silica Holdings closed Thursday at $35.34, a gain of 2%. After hours, the shares traded 3.5% lower on announcement of a 4.526 million share offering by GGC USS Holdings.
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