Benzinga's M&A Chatter for Monday May 2, 2016

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday May 2, 2016:
Apollo Global Management Led Consortium Raises Offer for Apollo Education Group to $10/Share in CashThe Deal
:

Apollo Education Group, Inc.
APOL
announced late Sunday, that it has received a revised offer from a consortium of investors including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC and the Najafi Companies for $10.00 per share in cash or $1.14 billion. The Board has reviewed the revised offer and is recommending it to shareholders. Apollo Education closed at $8.77 on Monday, up 12.44%.
Oracle Buys Opower for $10.30/Share in CashThe Deal
:

Opower
OPWR
announced Monday, that it has entered into a definitive agreement to be acquired by Oracle
ORCL
, for $10.30 per share in cash, or approximately $532 million. The transaction is expected to close in 2016. Opower provides customer engagement and energy efficiency cloud services to utilities. Opower closed at $10.29 on Monday, up 30%.
JBG Said to be in Merger Talks with New York REITThe Rumor
:

Privately-held JBG Companies is said to be in talks with New York REIT Inc
NYRT
regarding a potential merger, according to sources as reported by
Reuters
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on Monday. New York REIT announced in October it had hired Wells Fargo unit Eastdil Secured as an advisor to consider strategic options. New York REIT declined to comment on the report. JBG did not respond to a request for comment. New York REIT closed at $10.28 on Monday, up 4.58%.
Oaktree Capital Wants Tribune Publishing to Explore Sale The Deal
:

Oaktree Capital Group LLC
OAK
, Tribune Publishing Co's
TPUB
second largest shareholder, wants the company to explore a potential sale, according to sources as reported by
Reuters
on Monday. Oaktee would like to Tribune to talk to Gannett Co Inc
GCI
, along with other potential buyers. Gannett last month offered $815 million and Oaktree would like Tribune to receive higher offers. Oaktree, Tribune and Gannett declined comment on the report. Tribune Publishing fell 1% on Monday, to close at $11.21.
IP Announces Will Buy Weyerhaeuser's Pulp Unit for $2.2BThe Deal
:

Weyerhaeuser Company
WY
announced Monday, an agreement to sell its Cellulose Fibers pulp mills to International Paper
IP
for $2.2 billion in cash. The transaction includes five pulp mills located in Columbus, MS, Flint River, GA, New Bern, NC, Port Wentworth, GA and Grande Prairie, Alberta, Canada, plus two modified fiber mills in Columbus, MS and Gdansk, Poland. The transaction is expected to close in Q4 of 2016. Weyerhaeuser rose $0.16 on Monday, to close at $32.28. International Paper closed at $43.46 on Monday, up $0.19.
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Posted In: NewsRumorsM&AMovers
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