Market Overview

Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday August 29 through Monday September 1, 2014:

Report Publicis Has Restarted Talks to Buy Criteo

The Rumor:
Shares of Criteo (NASDAQ: CRTO) surged higher Friday, on a report from France's Les Echos that Publicis (OTC: PUBGY) has restarted talks to acquire the Paris-based web advertising company. Publicis had attempted a merger with Omnicon Group (NYSE: OMC), but eventually abandoned that effort.

Reuters reported later Friday, that a source close to Publicis said the report was unfounded. Spokespersons for Publicis and Criteo declined comment, according to Bloomberg.

Criteo closed Friday at $37.55, a gain of 22%.

Iliad Reportedly in Talks with PE Firms Regarding Improved Offer for T-Mobile US

The Rumor:
France's Iliad (OTC: ILIAY), is in contact with private equity firms about putting together a stronger offer for T-Mobile (NYSE: TMUS), according to report from Bloomberg on Sunday. T-Mobile's parent, Deutsche Telekom (OTC: DTEKY), said Thursday it would consider an offer of $35 per share for the nations's number four mobile carrier. A $33 per share offer from Iliad in late July.

An Iliad spokesperson declined comment on the report.

T-Mobile closed Friday at $30.08, a gain of $0.24.

Norwegian Cruise Line Holdings in Talks to Acquire Prestige Cruises International for ~$3B

The Rumor:
Norwegian Cruise Line Holdings (NASDAQ: NCLH) is in advanced talks to buy Prestige Cruises International for around $3 billion, according to Reuters. Sources reported Sunday that a deal could be announced as early as this week.

Norwegian Cruise Line Holdings closed Friday at $33.32, a gain of $0.12.

Posted-In: News Rumors M&A

 

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