Benzinga's M&A Chatter for Tuesday April 15, 2014

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday April 15, 2014"
Elliot Says $21/Share Offer for Riverbed Still StandsThe Offer
:

Elliott Management today reiterated that its $21.00 per share cash offer for Riverbed Technology
RVBD
announced on February 25 still stands. That offer had been rejected by Riverbed's Board of Directors three days later. Elliott noted that the stock's share price on Tuesday was below their previous offer of $19.00 per share. A spokesperson for Riverbed, reiterated the company's statement of February 28, whereby they rejected the $21.00 offer, saying it "undervalues the company and is not in the best interests of shareholders." Riverbed Technology closed Tuesday at $18.69, a loss of $0.17.
Report ConMed Exploring SaleThe Rumor
:

Shares of ConMed
CNMD
moved sharply higher Tuesday on a report from
Reuters
(http://www.reuters.com/article/2014/04/15/us-conmed-sale-idUSBREA3E1R120140415) that the maker of surgical devices is exploring a sale, according to sources. The company's advisors, Bank of America Merrill Lynch and Greenhill & Co have reportedly been asked to offer ConMed to larger orthopedic device makers. In November 2013,
Reuters
(http://uk.reuters.com/article/2013/11/04/uk-conmed-activist-exclusive-idUKBRE9A303620131104) reported that investor Voce Capital had urged ConMed to pursue a sale. A spokesperson for ConMed declined comment on today's report. ConMed closed Tuesday at $45.25, a gain of 7%.
Twitter Acquires GnipThe Deal
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Twitter
TWTR
announced Tuesday (https://blog.twitter.com/2014/twitter-welcomes-gnip-to-the-flock) that they have agreed to acquire social data company Gnip (http://blog.gnip.com/) for an undisclosed price. Gnip has been a long-time Twitter data partner. Shares of Twitter surged higher, following the announcement and closed at $45.52 on Tuesday, a gain of more than 11%. b>Report Ann Aiming for Leveraged Buyout
The Rumor
:

Shares of Ann Taylor parent, Ann, Inc
ANN
spiked higher Tuesday, following a report from TheDeal (http://www.thedeal.com/content/consumer-retail/private-equity-and-retailers-court-each-other.php) that investor Golden Gate Capital, which currently owns a 9.5% stake, could be a potential buyer. According to sources, Ann is working with a financial advisor to assist on a potential deal. Ann closed at $40.10 on Tuesday, a gain of 3.5%.
Bazaarvoice Acquires FeedMagnet for $9MThe Deal
:

Bazaarvoice
BV
announced Tuesday that it has acquired social media curation company FeedMagnet for $9 million in cash. FeedMagnet's technology helps brands curate and display content from social networks including Facebook, Twitter, Instagram, Pinterest and YouTube. Bazaarvoice closed Tuesday at $7.08, a loss of $0.06.
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Posted In: NewsRumorsM&AMovers
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