Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday May 11, 2015:
Noble Energy to Acquire Rosetta Resources for $2.1BThe Deal:
Noble Energy, Inc.
NBL and Rosetta Resources Inc.
ROSE announced Monday, that Noble Energy will acquire all of the common stock of Rosetta in an all-stock transaction valued at $2.1 billion, plus the assumption of Rosetta's net debt of $1.8 billion as of March 31, 2015. Rosetta shareholders will receive 0.542 of a share of Noble Energy common stock for each share of Rosetta common stock held, with an implied value to Rosetta shareholders of $26.62 per share.
The deal is expected to close in Q3 of 2015.
Rosetta Resources shares closed Monday at $24.58, a gain of 27%.
Hearing Unconfirmed Market Chatter of Potential Apple Bid for BlackBerryThe Rumor:
BlackBerry Limited
BBRY shares rose Monday on unconfirmed market chatter that Apple Inc.
Loading...
Loading...
could be a potential buyer, paying between $15.00 and $18.00 per share, according to source. BlackBerry is the subject of frequent takeover chatter, with Lenovo
LNVGY and Samsung
SSNLF being mentioned most often as potential buyers.
Spokespersons for BlackBerry and Apple were not available for comment.
BlackBerry shares gained almost 6% Monday, closing at $10.46.
Exor to Sell Cushman & Wakefield to DTZ for $2BThe Deal:
EXOR
EXOSF announced Monday, that it has agreed to sell Cushman & Wakefield to DTZ for total enterprise value of $2.042 billion. The transaction is expected to close before the end of 2015.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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!
Already a member?Sign in