Benzinga's Weekend M&A Chatter

Loading...
Loading...
Benzinga's M&A Chatter for Friday July 31 through Sunday Aug 2, 2015 The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 27, 2015:
Yahoo to Acquire PolyvoreThe Deal
:

Yahoo!, Inc.
YHOO
announced Friday that it has reached an agreement to acquire social shopping site Polyvore. Terms were not disclosed. Yahoo closed at $36.67 on Friday, a loss of 2%.
Hearing Unconfirmed Market Chatter of Potential Costco Bid for Whole FoodsThe Rumor
:

Shares of Whole Foods Market, Inc.
WFM
were boosted Friday, on unconfirmed market chatter of a potential offer from Costco Wholesale Corporation
COST
. The rumored bid is $44.00 per share. Publix has also been mentioned on several occasions as a potential Whole Foods suitor Spokespersons for Whole Foods and Costco did not respond to requests for comment. Whole Foods closed at $36.40 Friday, a gain of $0.32.
Hearing Unconfirmed Market Chatter of Potential Offer for The GapThe Rumor
:

Shares of The Gap, Inc.
GPS
spiked higher Friday, on unconfirmed market chatter of a potential hostile offer from Japan's Fast Retailing
FRCOY
. The rumored bid is $48.00 per share. A Spokesperson for The Gap was not available for comment. Gap closed at $36.48 Friday, a gain of $0.43.
UPS to Acquire Coyote Logistics for $1.8BThe Deal
Loading...
Loading...
:

UPS
UPS
has agreed to acquire truckload freight brokerage company, Coyote Logistics for $1.8 billion from Warburg Pincus. The deal is expected to close within 30 days. UPS closed Friday at $102.36, up $.96.
EU Commission Begins Investigation into FedEx Takeover of TNT ExpressThe Investigation
:

FedEx Corp.
FDX
confirmed media reports Friday that the European Commission has initiated a Phase II review of its offer to acquire all the issued and outstanding shares of TNT Express N.V.
TNTEY
. FedEx also noted reviews by other antitrust agencies, including the Ministry of Commerce in China and Conselho Administrativo de Defesa Econômica in Brazil. FedEx still expects the deal to close in H1 of 2016. FedEx closed Friday at $171.42, down $0.15.
Consortium of German Auto Manufacturers to Acquire Nokia's HERE for $3.2BThe Rumor
:

A consortium of German automakers has agreed to acquire Nokia's
NOK
mapping business HERE, according to sources as reported by
Reuters
on Sunday. Daimler
DDAIF
BMW and Volkswagen's
VLKAY
Audi unit are said to have agreed to pay approximately $3.2 billion. The deal could be announced on Monday. Nokia closed Friday at $7.05, up $.02.
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...