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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 27, 2015:
Fidelity National Said to be in Exclusive Talks to Acquire SunGardThe Rumor:
Shares of Fidelity National Information Services Inc.,
FIS surged higher Thursday, on a report from
Bloomberg, that the company is in exclusive talks to acquire SunGard Data Systems Inc. for more than $8.3 billion. Sources says the deal would consist of approximately 50 percent cash and 50 percent stock.
A spokesperson for FIS declined comment to
Benzinga on the rumor. A Sunguard representaitve was not available for comment.
FIS closed at $66.00 on Thursday, a gain of more than 4%.
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Private equity firm Thoma Bravo has pulled out of the running for NCR
NCR, according to sources as reported by the
NY Post. The sources stated that Thoma Bravo was not offering much of a premium the recent price range and that is why the talks fell apart.
Both Marcato Capital Management and Jana Partners has been pushing for a sale of the company.
NCR closed at $27.61 Thursday, a loss of 9%.
Grainger to Acquire Cromwell for $482MThe Deal:
Grainger
GWW announced it has entered into a definitive agreement to acquire Cromwell Group (Holdings) Limited and its subsidiaries for approximately $482 million in cash. The deal is expected to be completed in early September.
Grainger closed Thursday at $225.01, down $1.95.
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