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 The Rumor:
Shares of Time Warner Cable TWC spiked almost 9% higher Thursday on report from Bloomberg that Charter Communications CHTR, Comcast 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 The Call:
Jos. A. Bank JOSB CEO R. Neal Black said Thursday, during the company's earnings call, that they are reviewing Men's Wearhouse's 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 The Rumor:
Shares of Silica Holdings SLCA rose Friday on market chatter of a potential bid from Vulcan Materials VMC. The rumored purchase price is $48.00 per share. 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsRumorsM&AMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!