Benzinga's M&A Chatter for Tuesday January 19, 2015

Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 19, 2015
Brookfield Proposes to Acquire Rouse Properties for $17/Share in CashThe Offer
:

Brookfield Asset Management Inc.
BAM
on behalf of a real estate fund managed by Brookfield, announced Tuesday, that the fund has made a proposal to acquire Rouse Properties, Inc.
RSE
for $17.00 in cash per share. Under the deal, Brookfield Property Partners L.P.
BPY
would retain the Rouse shares that it currently owns. The Rouse Board established a special committee to review the unsolicited proposal. Rouse closed at $17.50 up 29.73%.
Zhaophin Receives Non-Binding Offer for $17.50/ADSThe Offer
:

Zhaopin Limited
ZPIN
announced Tuesday, that its board of director has received a preliminary non-binding proposal letter, dated January 19, 2016, from CDH V Management Company Limited and Shanghai Goliath Investment Management L.P., proposing to acquire all outstanding ordinary shares in Zhaopin not owned by Zhaopin's controlling shareholder SEEK International for $17.50 per ADS in cash. Zhaopin's Board ‎plans to evaluate the proposal. Zhaopin closed at $15.74 on Tuesday, up 9.69%.
Acorda to Acquire Biotie Therapies for $25.60/ADSThe Deal
Loading...
Loading...
:

Acorda Therapeutics, Inc.
ACOR
and Biotie Therapies Corp.
BITI
announced Tuesday, that Acorda, either directly or through a wholly-owned subsidiary will make a public tender offer in Finland and in the US to purchase all of the issued and outstanding shares, ADS's, stock options, share units and warrants in Biotie that are not owned by Biotie or any of its subsidiaries. The price offered for each ADS will be equivalent to $25.60 per ADS in cash. Biotie Therapies closed Tuesday at $24.62, up 86.52%.
Leidos Near $5B Deal to Merge With Lockheed's IT BusinessesThe Rumor
:

Leidos Holdings Inc
LDOS
is near a deal to merge with Lockheed Martin's
LMT
government IT and services businesses under a Reverse Morris Trust, according to sources as reported by
Reuters
on Tuesday. The sources say the assets could be valued at approximately $5 billion. Lockheed Martin and Leidos declined comment on the report. Leidos closed Tuesday at $56.19, up 2.2%.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsRumorsM&AMoversAerospace & DefenseIndustrials
Benzinga simplifies 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...