Wall Street's M&A Chatter From Monday, November 7

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday November 7, 2016.

Insight Enterprises to Acquire Datalink for $11.25/Share in Cash

The Deal

Insight Enterprises NSIT and Datalink Corporation DTLK announced Monday a definitive merger agreement under which Insight will acquire Datalink for $11.25 per share in cash. The transaction is expected to close in Q1 of 2017.

Datalink closed at $11.14 on Monday, up 18.13 percent.

Blue Nile to be Acquired by Bain Capital, Bow Street for for $40.75/Share

The Deal

Blue Nile NILE announced Monday it has entered into a definitive agreement to be acquired by an Investor Group comprised of funds managed by Bain Capital Private Equity and Bow Street LLC for $40.75 per share in cash. The transaction is expected to close in Q1 of 2017.

Blue Nile may solicit alternative acquisition proposals from third parties during a 30-day "go-shop" period.

Blue Nile closed at $40.76 on Monday, up 33.90 percent.

CBS Hires Moelis, Goldman to Advise on Potential Viacom Merger

The Rumor

CBS Corporation CBS has selected Moelis & Co. and Goldman Sachs as advisors for a potential merger with Viacom Inc. VIAB, according to sources as reported by the Wall Street Journal on Monday. Controlling shareholder National Amusement, led by Sumner Redstone, has asked the companies to consider a tie-up.

CBS CEO Les Moonves said on the company's recent earnings call that a merger could be attractive if it was in the best interest of CBS shareholders, but said "it's not even the second inning yet."

CBS closed Monday at $57.62, up 1.07 percent. Viacom closed up 2.74 percent at $37.56.