Benzinga's M&A Chatter for Thursday January 16, 2014
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 16, 2014:
Report Sprint Getting Financing Proposals for T-Mobile Acquisition
Shares of T-Mobile US (NYSE: TMUS) surged higher Thursday, after the close on a report from Dow Jones that Sprint (NYSE: S) has received proposals from banks regarding the financing of a deal for nation's fourth-largest mobile carrier.
T-Mobile closed Thursday at $32.60, and traded around $33.70 after-hours.
Report Tyson Eyeing Michael Foods Acquisition
Shares of Tyson Foods (NYSE: TSN) spiked higher Thursday on a report from Reuters that the world's largest meet producer was exploring a bid for Michael Foods. The deal reportedly could be worth more than $2 billion.
A spokesperson for Michael Foods said they had nothing to share regarding the report. A Tyson spokesperson was not available for comment.
Tyson Foods closed Thursday at $35.04, a gain of $0.26.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.