The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday September 29, 2016:
Qualcomm Said to be in Talks to Acquire NXP Semiconductors for $30B+
The Rumor:
Qualcomm Inc. QCOM is said in talks to acquire NXP Semiconductors NV NXPI, according to sources as reported by Dow Jones on Thursday. The sources said a deal, which could happen over the next two to three months, would likely be valued at over $30 billion, though NXP's market cap was already over $32 billion following the report.
NXP Semiconductors closed at $96.12 on Thursday, up 16.88%. Qualcomm closed at $67.45, up 6.30%.
National Amusements Proposes Combination of CBS, Viacom
The Letter:
The majority owner of CBS CBS and Viacom VIAB voting stock, National Amusements, announced Thursday, that it has asked the boards of CBS and Viacom to consider a potential merger. A letter was sent to the boards of both companies by the Redstone-controlled NAI, is proposing an all-stock transaction in which the stockholders of each company would receive shares in the combined company of the same class as they currently hold.
CBS closed at $54.57 on Thursday, up $0.42. Viacom closed at $37.77, up 3.31%.
Two Groups Set to Submit Bids for Cabela'sThe Rumor
Cabela's closed at $53.55 on Thursday, up 2.27%.
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