Benzinga's Weekend M&A Chatter

Hewlett Packard Enterprise Said to be Considering Sale of Some Software Assets

The Rumor:
Hewlett Packard Enterprise Co. HPE is said to be considering selling some of its software assets, according to sources as reported by Bloomberg on Friday. Some of the assets under consideration for a sale are Autonomy, Mercury Interactive and Vertica Systems, the sources said.

Hewlett Packard Enterprise closed at $19.4 on Friday, up 3.09%.

Imperva Looking to Hire Investment Bank to Explore Strategic Options

The Rumor:
Imperva Inc IMPV will explore strategic options and is said to be hiring an investment bank to assist in the process, according to sources as reported by Reuters on Friday. The move comes following pressure from from activist investor Elliott Management Corp, who reported an approximately 10% stake in Imperva and announced its was speaking to the company about strategic opportunities, the sources said.

Imperva and Elliott declined comment on the report.

Imperva closed at $44.76 on Friday, up 2.80%.

Siris Capital Group Buys Polycom for $2B in Cash

The Deal:
Polycom, Inc. PLCM announced Friday, that its board of directors has approved the termination of the company's previously announced merger agreement with Mitel Networks Corporation MITL and will enter into a new merger agreement with entities affiliated with Siris Capital Group, LLC, in a deal valued at $12.50 per share in cash or $2 billion. The merger is expected to close in Q3 of 2016.

Polycom closed Friday at $12.25, up 12.70%.