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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday May 3, 2016:
Microsoft Acquires SolairThe Deal:
Microsoft
MSFT has acquired Internet of Things company Solair, according to their official blog. Terms were not disclosed.
Microsoft closed at $49.78 on Tuesday, down 1.64%.
IMS Health, Quintiles to Merge in All-Stock TransactionThe Deal:
IMS Health Holdings, Inc.
IMS and Quintiles Transnational Holdings Inc.
Q announced Tuesday an agreement under which the companies will merge in an all-stock transaction. IMS Health shareholders will receive 0.384 shares of Quintiles common stock for each share of IMS Health common stock.
The transaction is expected to close in H2 of 2016.
IMS Health closed at $25.92 on Tuesday, down 3.5%. Quintiles closed at $67.46 down 2.37%
Clorox to Acquire Renew Life:
The Clorox Company
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today announced the acquisition of dietary health brand Renew Life. Terms were not disclosed.
Clorox closed at $129.43 on Tuesday, up 2%.
Pfizer Said to have Approached Medivation Regarding TakeoverThe Rumor:
Shares of Medivation
MDVN spiked up to $60.50 after-hours as
Reuters reported that Pfizer
PFE has made a takeover approach, according to sources. Late last month Sanofi's
SNY $52.50 per share offer was rejected by Medivation's Board.
AstraZeneca
AZN and Novartis
NVS are also said to have expressed interest in the maker of prostate cancer drug Xtandi.
Medivation closed the regular session at $57.52 on Tuesday, down $0.49.
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