Benzinga's M&A Chatter for Thursday July 31, 2014

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 31, 2014:
Iliad Makes Offer for T-MobileThe Offer
:

French telecom company, Iliad
ILIAY
confrimed Thursday, it has submitted to the Board of Directors of T-Mobile US
TMUS
, an indicative offer for T-Mobile US of $15 billion in cash for 56.6% of T-Mobile US, at $33.00 per share.The offer has the full support of company founder Xavier Niel and was unanimously approved by Iliad's Board of Directors. Iliad says it values the remaining 43.4% of T-Mobile US at $40.5 per share, based on $10 billion of synergies to the benefit of the T-Mobile US shareholders, resulting in an overall value of $36.20 per share. T-Mobile, in an 8-K filing, confirmed that it has received a proposal from Iliad and said it will have "no further comment at this time." A spokesperson for Sprint
S
declined comment on the Iliad offer. Softbank
SFTBY
, which controls Sprint, and T-Mobile and its parent, Deutsche Telekom
DTEKY
, have reportedly been in talks to merge Sprint and T-Mobile.
Bloomberg
reported Thursday, that Deutsche Telekom views Iliad's bid as inferior to the offer from Sprint. T-Mobile shares closed Thursday at $32.94, a gain of 6.5%, while Sprint shares fell more than 5%, to close at $7.35.
Nordstrom Buying Trunk ClubThe Deal
:

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Nordstrom
JWN
announced Thursday, it has agreed to acquire Trunk Club, a personalized clothing service for men. Terms were not disclosed. Nordstrom closed closed Thursday at $62.93, a loss of more than 1%.
IBM Acquires CrossIdeasThe Deal
:

IBM
IBM
announced Thursday, it has acquired privately-held security software provider, CrossIdeas. Financial terms were not disclosed. IBM closed Thursday at $191.67, a loss of more than 1%.
Analyst Says Cisco Could Acquire Jive SoftwareThe Analyst Note
:

Shares of Jive Software
JIVE
moved higher Thursday, on a note from Rosenblatt, that Cisco
CSCO
could acquire Jive, if the partnership the companies announced in May is successful. Cisco announced it would discontinue its WebEx Social product and resell Jive's ESS instead. Roenblatt believes a takeover of Jive by Cisco would be the likely outcome of a successful partnership. Jive hit a high Thursday of $8.50 and ended the day at $7.92, a loss of almost 2%.
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Posted In: NewsRumorsM&AMovers
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