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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday May 19, 2015:
Pandora Acquires Next Big Sound, Terms Not DisclosedThe Deal:
Pandora
P announced that it has agreed to acquire online music analytics provider, Next Big Sound. Terms were not disclosed.
Pandora shares fell $0.08 Tuesday, to close at $18.22.
HC2 Submits Merger Proposal Revision to MCG CapitalThe Offer:
HC2 Holdings, Inc. (NYSE MKT:
HCHC) announced Tuesday, that it has sent a letter to MCG Capital Corporation
MCGC is proposing again that the companies enter discussions regarding an agreement for HC2 to acquire MCG, this time $5.25 for each share of MCGC common stock outstanding including $4.75 in HC2 stock and $0.50 in cash.
HC2 believes its offer is superior to the PennantPark transaction.
MCG shares gained $0.08 Tuesday, closing at $4.68
Citrix Acquires GrasshopperLoading...
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Citrix
CTXS announced Tuesday, that it has acquire cloud-based telephony company, Grasshopper Group, LLC,. Terms were not disclosed.
Citrix closed Tuesday at $65.81, a loss of $0.11
Hearing Unconfirmed Market Chatter of GE Interest in Acquiring 3D SystemsThe Rumor:
3D Systems Corporation
DDD rose early Tuesday, on unconfirmed market chatter of a potential bid from General Electric Company
GE. According to sources, 3D Systems could sell for $36 to $42 per share.
Spokespersons for GE and 3D Systems did not respond to requests for comment.
3D Systems closed Tuesday at $22.61, a loss of $0.18.
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