Benzinga's M&A Chatter for Wednesday July 29, 2015

Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday July 27, 2015:
Solvay to Acquire Cytec for $75.25/Share in CashThe Deal
:

Cytec Industries Inc.
CYT
announced Wednesday, it has agreed to merge with Solvay
SVYZY
for total cash consideration of $5.5 billion or $75.25 per share. The deal is expected to close in Q4 of 2015. Cytec closed at $74.19 on Wednesday, a gain of 27%.
Mylan Receives Unconditional Clearance from EC on Acquisition of PerrigoThe Approval
:

Mylan N.V.
MYL
announced Wednesday, that it received regulatory clearance from the European Commission for its proposed acquisition of Perrigo Company plc
PRGO
Loading...
Loading...
. Mylan closed at $57.24 Wednesday, a gain of 1.5%. Shares of Perrigo closed at $192.83, gaining $0.76.
PartnerRe Open to Acquisition Talks with ExorThe Rumor
:

PartnerRe Ltd
PRE
is prepared to enter negotiations with Exor SpA
EXOSF
, according to sources as reported by
Reuters
. Exor's latest offer is $140.50 per share, while Axis Capital Holdings'
AXS
merger agreement with PartnerRE is valued at $138.50 per share. PartnerRe would be required to pay Axis $280 million plus an additional $35 million in legal and other fees to break the deal. PartnerRe closed Wednesday at $135.56, a gain of $0.28.
Loading...
Loading...
Posted In: NewsRumorsM&AMovers
We simplify 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...