Market Overview

Benzinga's M&A Chatter for Tuesday May 6, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday May 6, 2014:

Google to Acquire Adometry

The Deal:
Online ad attribution company, Adometry, announced Tuesday that it has been acquired by Google (NASDAQ: GOOG). Terms were not disclosed.

Google closed Tuesday at $515.14, a loss of 2.50%.

AOL Acquires Convertro for Approximately $101M

The Deal:
AOL (NYSE: AOL) announced Tuesday it has entered into an agreement to acquire provider of multi-touch attribution modeling technology, Convertro, for approximately $101 million. The deal includes approximately $89 million in cash, plus approximately $2 million in converted stock awards and a $10 million earn-out, payable over a period of up to 17 months based on product development milestones.

AOL closed Tuesday at $43.90, a gain of $0.36.

Xerox to Acquire ISG Holdings for $225M

The Deal:
Xerox (NYSE: XRX) announced Tuesday an agreement to acquire ISG Holdings for $225 million. ISG creates software that reviews injured workers medical bills for accuracy.

Xerox closed Tuesday at $11.72, a loss of 2%.

Forest Oil, Sabine Oil & Gas to Merge

The Deal:
Sabine Oil & Gas and Forest Oil (NYSE: FST) announced Tuesday an agreement under which Sabine and Forest will combine in an all-stock transaction, as a newly-formed holding company, Sabine Oil & Gas. Each share of Forest Oil common stock will be converted into 0.1 of a share of Sabine Oil & Gas common stock, having the effect of a 10:1 reverse stock split.

The deal is expected to close in Q3 or Q4 of 2014.

Forest Oil closed Tuesday at $2.03, a gain of 13%.

FireEye to Acquire nPulse Technologies

The Deal:
FireEye (NASDAQ: FEYE) announced Tuesday an agreement to acquire privately held nPulse Technologies. Terms were not disclosed. The transaction is expected to close during Q2 of 2014.

FireEye closed Tuesday at $37.13, a loss of almost 8% and fell another 10% after-hours as the company reported Q1 earnings.

Posted-In: News M&A Movers

 

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