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The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday February 5 through Sunday February 7, 2016:
IDEX to Acquire Akron Brass for $224.2M in CashThe Deal:
-IDEX CORPORATION
IEX announced Friday, that it has entered agreed to acquire Akron Brass Holding Corp., manufacturer of life-safety products for the safety and emergency response markets, for $224.2 million in cash. The deal is expected to close in 60 days.
IDEX closed at $72.76 on Friday, down $0.33.
Mattel May Make Offer for Mayborn Group The Rumor:
Mattel
MAT is said to have requested financial information regarding the UK's Mayborn Group, according to sources as reported by
Sky News on Friday. Private equity firm 3i Group has put Mayborn Group up for sale, with bids due next week.
Bloomberg reported earlier last week that Mattel held merger talks with rival toymaker Hasbro
.
Mattel closed at $31.81 on Friday, down 1.5%.
LeapFrog to be Acquired by VTech Holdings for $1.00/Share in CashThe DealLoading...
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VTech Holdings Limited
VTKLY and LeapFrog Enterprises, Inc
LF announced Friday, that the two companies have entered into a merger agreement whereby VTech will acquire LeapFrog via a tender offer for $1.00 per share in cash.
The tender offer is expected to commence on or about March 3, 2016.
LeapFrog closed at $0.97 on Friday, up 72%.
Brookfield CEO Denies Interest in General Growth Properties AcquisitionThe CEO Comments:
Brookfield Property Partners
BPY CEO Brian Kingston said Friday there was no substance to the rumor reported by
Reuters, that Brookfield would acquire the rest of General Growth Properties they did not already own and take the REIT private, as reported by
TheRealDeal. Kingston said Brookfield was happy with its GGP investment in its current form.
Reuters reported on January 28, that the two companies were in preliminary discussions regarding a potential deal.
General Growth Properties closed at $27.03 on Friday, down 3.84%.
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