Market Overview

Benzinga's M&A Chatter for Tuesday March 18, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday March 18, 2014:

Report Mercury Systems is for Sale

The Rumor:
Shares of Mercury Systems (NASDAQ: MRCY) spiked higher Tuesday on a report from the Wall Street Journal that the company is undergoing sale process, according to sources. Mercury, a provider of commercially developed, open sensor and Big Data processing systems, software and services for critical commercial, defense and intelligence applications, could reportedly be worth $500 million.

A spokesperson for Mercury Systems was not available for comment. Mercury Systems closed Tuesday at $13.17, a gain of 19%.

MKS to Acquire Granville-Phillips Division of Brooks Automation for $87M in Cash

The Deal:
MKS Instruments (NASDAQ: MKSI) announced Tuesday, it has agreed to purchase the assets of Granville-Phillips, a division of Brooks Automation, Inc. (NASDAQ: BRKS), for $87 million in cash. The deal is expected to close in Q2 2014.

Brooks Automation closed Tuesday at $11.35 a gain of almost 5%.

Yandex Acquires KitLocate

The Deal:
Russian search engine company Yandex (NASDAQ: YNDX), has acquired Israeli startup KitLocate, a developer of geolocation technology for mobile devices. Terms were not disclosed.

Yandex closed Tuesday at $32.03, a gain of almost 7%.

Posted-In: News Rumors M&A Global Movers

 

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