Benzinga's M&A Chatter for Thursday April 24, 2014

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday April 24, 2014.
Zimmer Will Buy Biomet for $10.35B in Cash, $3B in StockThe Deal
:

Zimmer Holdings
ZMH
and Biomet's parent company announced Thursday that Zimmer will acquire Biomet in a cash and stock transaction valued at approximately $13.35 billion. Zimmer will pay $10.35 billion in cash and will issue to Biomet's shareholders shares of Zimmer common stock valued at $3.0 billion. The deal is expected to close in Q1 of 2015. Zimmer Holdings closed Thursday at $101.97, a gain of 11.5%.
Elizabeth Arden Reportedly Hires Goldman Sachs to Explore SaleThe Rumor
:

Shares of Elizabeth Arden
RDEN
spiked higher on Thursday on a report from
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Reuters
that the company has hired Goldman Sachs to explore a potential sale, according to sources. The company is said to have contacted a small group of prospective buyers. Today's rumor follows a report Wednesday that LG Household & Healthcare was contemplating a bid for the beauty products company. A spokesperson was not available for comment. Elizabeth Arden closed Thursday at $36.00, a gain of 13%.
Facebook Acquires Moves Owner ProtoGeo OyThe Deal
:

Moves owner ProtoGeo Oy
announced Thursday
that they had been acquired by Facebook
FB
. The Moves app is an all-day activity diary for smartphones. Terms of the deal were not disclosed. Facebook closed Thursday at $60.87, a loss of $0.49.
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Posted In: NewsRumorsM&AMovers
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