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Benzinga's M&A Chatter for Thursday June 18, 2015

Benzinga's M&A Chatter for Thursday June 18, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday June 18, 2015:

Lumenis to be Acquired for $14.00/Share, In Cash
The Deal:
Lumenis Ltd. (LMNS) announced Thursday that it has agreed to be acquired by XIO Group for $14.00 per share in cash, or approximately $510 million. The deal is expected to close in September 2015.

Lumenis shares rose more than 12.75% Thursday, to close at $13.62.

Hearing The Deal Says Allergan May Bid for Zeltiq
The Rumor:
Shares of ZELTIQ Aesthetics, Inc. (NASDAQ: ZLTQ) spiked higher Thursday, on a report from The Deal that it could be a takeover target of Allergan plc (NYSE: AGN), according to The Deal.

Spokespersons for Zeltiq and Allergan did not respond to requests for comment.

Zeltiq shares gained more than 6% Thursday, to close at $70.15.

Sequential Brands Near Deal to Acquire Martha Stewart Living Omnimedia
The Rumor:
Shares od Martha Stewart Living Omnimedia Inc. (NYSE: MSO) spiked higher, prior to being halted circuit-breaker Thursday, on a report from the Wall Street Journal that the company is close to a sale to Sequential Brands Group Inc. (NASDAQ: SQBG), according to sources. A deal could be announced in the next few days, though the terms of such a deal are not known.

Martha Stewart shares gained more than 26% Thursday, closing at $6.44.

Cenovus Energy In Exclusive Talks With Ontario Teachers' Pension Plan Regarding Sale of Royalty Lands
The Rumor:
Shares of Cenovus Energy Inc (NYSE: CVE) spiked higher Thursday, on a report from Reuters the the company is in exclusive talks with the Ontario Teachers' Pension Plan regarding the sale of royalty lands in a deal that could be worth C$2.5 billion to C$3 billion, according to sources.

Cenovus and the Ontario Teachers declined comment on the report.

Cenovus Energy shares gained more than 4% Thursday, closing at $17.60.

SL Industries Announces Non-Binding Acquisition Proposal Receipt From Handy & Harman To Acquire All Outstanding Shares for $43-$45/Share
The Offer:
SL Industries, Inc. (NYSE MKT: SLI) announced Thursday, that its independent Board members have received a non-binding proposal from Handy & Harman Ltd. (NASDAQ: HNH), to acquire all outstanding shares of common stock of SL for $43.00 to $45.00 per share. Handy & Harman, affiliate of Steel Partners Holdings L.P., owns 25.3% of SL's outstanding common stock. SL stockholders would be able to elect to receive cash or Handy & Harman stock , subject to proration so that the aggregate consideration consists of 55% cash and 45% Handy & Harman stock.

SL's Board has established a Special Committee to evaluate the proposal.

Shares of SL Industries closed at $40.51 on Thursday and traded at $41.70, after-hours.

Posted-In: News Rumors M&A Movers


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