Market Overview

Benzinga's M&A Chatter for Wednesday December 18, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday December 18, 2013.

Harland Clarke Holdings to Acquire Valassis for $34.04/Share in Cash

The Deal:
Harland Clarke Holdings and Valassis (NYSE: VCI) announced Wednesday that Harland Clarke Holdings will acquire Valassis for $34.04 per share in cash, for a transaction value of approximately $1.84 billion.

The deal is expected to close in the Q1 2014.

Valassis closed Wednesday at $34.60, a gain of 22%.

Report Dish to Make Bid for T-Mobile

The Rumor:
Shares of T-Mobile (NYSE: TMUS) spiked higher late Wednesday on a report from Reuters that Dish Network (NASDAQ: DISH) has spoken to Deutsche Telekom (OTC: DTEGY), owner of 67% of the US' 4th-largerst wireless carrier about a possible deal. Last week, there were reports of potential bid from Sprint (NYSE: S).

Spokespersons for the three parties declined comment.

T-Mobile closed Wednesday at $27.25, a gain of 2%.

3D Systems to Acquire Portion of Xerox's Ink Engineering-Development Teams for $32.5M in Cash

The Deal:
3D Systems (NYSE: DDD) and Xerox (NYSE: XRX) announced Wednesday that 3D Systems wil acquire Xerox Corporation's Wilsonville, Oregon product design, engineering and chemistry group and related assets for $32.5 million in cash. The deal is expected to close before the end of 2013.

3D Systems closed Wednesday at $81.99, a gain of $0.61.

Posted-In: News Rumors M&A Movers


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