Benzinga's M&A Chatter for Tuesday January 21, 2014
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 21, 2014:
Verizon to Acquire Intel Media Assets
The deal is expected to close early in Q1 2014.
Intel closed Monday at $25.59, a loss of 1%, while Verizon closed down more than 1% at $47.70 after-hours.
NuPathe Terminates Merger Agreement with Endo, Agrees to be Acquired by Teva
The Termination/Merger Agreement:
NuPathe (NASDAQ: PATH) announced Tuesday that it has terminated its merger agreement with Endo Health Solutions (NASDAQ: ENDP) and has entered into an agreement and plan of merger with Teva Pharmaceutical (NYSE: TEVA) under which Teva will acquire NuPathe for $3.65 per share in cash. NuPathe stockholders will also receive rights to receive additional cash payments of up to $3.15 per share, based on sales of NuPathe's migraine treatment, ZECUITY.
NuPathe closed Monday at $4.05, a loss of 7.5%.
Yahoo Acquires SPARQ
Yahoo closed Monday at $39.52, a loss of 1%.
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