The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday October 15, 2015:
Shire May Bid for Radius Health
The Rumor:
Shares of Radius Health RDUS rose Thursday, on a report from Proactive Investors, that Shire SHPG may bid for Radius. The rumored offer is $90 per share. Shire declined comment, while Radius did not immediately respond, according to the report. A Cowen analyst told Benzinga a Shire-Radius deal was unlikely. Radius closed at $65.37 on Thursday, a gain of more than 20%. Clayton Williams Energy Confirms Review of Strategic Alternatives The Strategic Review:
Clayton Williams Energy, Inc. CWEI confirmed late Wednesday, that its Board of Directors has initiated a review of strategic alternatives, including a potential sale and has hired Goldman, Sachs as its exclusive financial adviser in that process. That confirmed an earlier report from Bloomberg. Clayton Williams shares rose as high as $70.87 on Thursday, before closing at $67.74, up 11.5%. CVSL Acquires Betterware The Deal:
CVSL Inc. (NYSE MKT: CVSL) has acquired 100% of UK direct-to-consumer company, Betterware Ltd. Terms were not disclosed. CVSL closed at $1.62 Thursday, up $0.01.
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Clayton Williams Energy, Inc. CWEI confirmed late Wednesday, that its Board of Directors has initiated a review of strategic alternatives, including a potential sale and has hired Goldman, Sachs as its exclusive financial adviser in that process. That confirmed an earlier report from Bloomberg. Clayton Williams shares rose as high as $70.87 on Thursday, before closing at $67.74, up 11.5%. CVSL Acquires Betterware The Deal:
CVSL Inc. (NYSE MKT: CVSL) has acquired 100% of UK direct-to-consumer company, Betterware Ltd. Terms were not disclosed. CVSL closed at $1.62 Thursday, up $0.01.
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