Market Overview

Benzinga's M&A Chatter for Monday July 21, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday July 21, 2014:

AK Steel to Acquire Severstal Dearborn for $700M in Cash

The Deal:
AK Steel (NYSE: AKS) announced Monday, that it has signed an agreement to acquire Severstal North America's integrated steelmaking assets in Dearborn, Michigan for $700 million in cash. The deal includes a cokemaking facility and interests in three joint ventures that process flat-rolled steel products. The transaction is expected to close in Q4 of 2014.

AK Steel closed Monday at $8.46, a loss of 4%.

Steel Dynamics to Acquire Severstal Columbus for $1.625B in Cash

The Deal:
Steel Dynamics (NASDAQ: STLD) announced Monday, that it has entered into a definitive agreement to acquire 100% of Severstal Columbus from OAO Severstal for $1.625 billion in cash. The deal has been approved by the Boards of both companies and is expected to close by year's end

Steel Dynamics closed Monday at $20.75, a gain of 11.5%.

ACI Worldwide to Acquire ReD for $205M in Cash

The Deal:
ACI Worldwide (NASDAQ: ACIW) and Retail Decisions announced Monday, that they have agreed ACI Worldwide will acquire ReD for $205 million in cash. The transaction is expected to close in the middle of Q3 2014.

ACI Worldwide shares closed Monday at $17.79, a gain of $0.04.

CBS Outdoor Americas to Buy Premium Outdoor Assets from Van Wagner Communications for $690M in Cash

The Deal:
CBS Outdoor Americas (NYSE: CBSO) announced Monday, that it has an agreement to acquire certain outdoor advertising businesses from Van Wagner Communications for $690 million in cash.

CBS Outdoor Americas shares closed Monday at $34.52, a gain of 4.5%.

Yahoo to Acquire Flurry

The Deal:
Yahoo! (NASDAQ: YHOO) and Flurry announced an agreement Monday for Yahoo to acquire Flurry. Terms were not disclosed. Flurry's analytics product sees activity from more than 540,000 smartphone and tablet apps on over 1.4 billion devices worldwide.

Flurry announced the deal on their website.

Yahoo shares closed Monday at $33.28, a loss of $.05.

Posted-In: News M&A Movers

 

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