Benzinga's M&A Chatter for Tuesday January 13, 2015

Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 13, 2015
Smith & Nephew CEO Says 'Not a Fan' of Mergers; Declines Comment on Rumor of Stryker BidThe CEO Comments
:

Shares of Smith & Nephew plc
SNN
moved lower Tuesday, as CEO Olivier Bohuon said he was not a fan of big M&A deals and had decided not to follow to this path, as reported by
Reuters
. Bohuon was speaking at the JPMorgan Healthcare conference and declined to comment directly on the recent rumor of a potential bid from Stryker Corp.
SYK
. Rumors of potential deal between the two companies have persisted since last summer. Smith & Nephew shares closed Tuesday at $35.07, a loss of 2.5%.
Textron Specialized Vehicles Acquires Douglas Equipment
The Deal
:

The Textron Specialized Vehicles group of Textron Inc.
Loading...
Loading...
TXT
, through Textron Ground Support Equipment UK Limited, has acquired the Douglas Equipment business from Curtiss-Wright Corporation
CW
. Terms were not disclosed. Textron shares rose $0.29 Tuesday, closing at $42.43.
SunCoke Energy Partners Completes Acquisition of 75% Interest in Granite City Cokemaking Facility for $245MThe Deal
:

SunCoke Energy Partners, L.P.
SXCP
entered into a contribution agreement with its sponsor, SunCoke Energy, Inc.
SXC
Tuesday, to acquire a 75% interest in SXC's Granite City, Ill., cokemaking facility for a total transaction value of $245 million. Terms of the deal have been approved by the Conflicts Committee of our general partner's Board of Directors. SunCoke Energy Partners Shares lost $0.13 Tuesday, to close at $26.65.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsRumorsAsset SalesManagementM&A
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...