Benzinga's M&A Chatter for Thursday September 15, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday September 15, 2016:

Accenture to Acquire 47.4% Stake in OCTO Technology for €22.50/ShareThe Deal

Accenture

ACN

has agreed to purchase a 47.4% stake in OCTO Technology

OCTOF

from founder and CEO François Hisquin for €22.50 per share and €1.7222 per equity warrant, with the intention to acquire the remaining shares. Following the closing, Accenture will make a voluntary cash tender offer to acquire the remaining shares and equity warrants at the same prices. Accenture closed at $110.72 on Thursday, up $0.92.

European Luxury Conglomerate Said to Bid $96/Share for TiffanyThe Rumor

Shares of Tiffany and Co

TIF

rose Thursday on unconfimed market chatter of a potential bid of $96 per share from a European luxury conglomerate. "Sources" said Tiffany had hire an advisor to handle the takeover approach. Earlier,

Benzinga

reported that traders were discussing the higher-than-normal volume in Tiffany over the past three sessions, as

DealReported

had mentioned a possible stake by Bill Ackman. A Tiffany spokesperson told

Benzinga> they had no comment on the Ackman rumor. Tiffany closed at $72.66 on Thursday, up $2.36. CIBER Said to be in Late Stage Talks to Sell Itself The Rumor:
TheDeal.com reported Thursday that CIBER CBR is in late-stage talks to sell itself, according to sources. The IT company has recently received approaches from potential strategic, private equity buyers with a bid of Up to $3.50/Share, the sources said. CIBER is said to have hired an investment bank to handle takeover approaches. CIBER closed at $1.36 on Thursday, up 11.43%.

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