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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday October 20, 2014:
Hearing Market Chatter of Potential Intel Bid for NvidiaThe Rumor:
Shares of NVIDIA Corporation
NVDA spiked higher Tuesday, on unconfirmed market chatter of a potential bid from Intel Corporation
INTC. The rumored bid is $25 per share.
A spokesperson for Intel declined comment. Nvidia did not immediately respond to a request for comment.
NVIDIA closed Tuesday at $18.32, a gain of more than 4%.
Biomarin Mentioned as Potential Shire TargetThe Rumor:
Shares of BioMarin Pharmaceutical Inc.
BMRN rose Tuesday, following
comments from Adam Feuerstein in a Street.com article that the company could be a takeover target of Shire plc
SHPG.
Biomarin shares rose 5% Tuesday, to close at $74.71.
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