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
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
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
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%.
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