Benzinga's M&A Chatter for Monday April 18, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday April 18, 2016 Cvent to be Acquired by Vista Equity Partners for $36/Share in Cash The Deal:
Cvent Inc. CVT announced Monday, that it has agreed to be acquired by affiliates of Vista Equity Partners for $1.65 billion or $36.00 per share in cash. The deal is expected to close in Q3 of 2016. Cvent closed at $35.23 on Monday, up 65%. Qorvo Acquires GreenPeak The Deal:
Qorvo, Inc. QRVO announced Tuesday, that it has agreed to acquire the privately-held provider of ultra-low power, short range RF communication technology, GreenPeak Technologies. The deal is expected to close in the current quarter, Qorvo closed at $47.16 on Monday, down 1.21%. Autodesk Acquires Solid Angle, Terms Not Disclosed The Deal:
Autodesk, Inc. ADSK announced Monday, that it has acquired Solid Angle, the developer of Arnold, an advanced, ray-tracing image renderer for high-quality 3D animation and visual effects creation. Terms were not disclosed. Autodesk closed at $59.14 on Monday, up 1.23%. YP Holdings Planning First-round Bid for Yahoo The Rumor:
YP Holdings, formerly Yellowpages.com, plans to submit a first-round bid Monday to merge with Yahoo! Inc., according to sources as reported by Bloomberg on Monday. YP is said to have hired Goldman Sachs to investigate to handle a review of strategic alternatives, which could include selling itself, the sources said. YP is controlled by Cerberus Capital Management and is said to be valued at $1 billion to $1.5 billion. That would make it a candidate to set up a Reverse Morris Trust with Yahoo. Verizon is still the front-runner to acquire Yahoo and/or its assets, according to most sources. Yahoo closed at $36.52 on Monday, up $0.01
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsRumorsM&AMovers
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!