The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 19, 2012:
EZCORP to Acquire Controlling Interest in CrediamigoThe Deal:
EZCORP
EZPW announced Thursday that it has entered into a definitive agreement to acquire a 60% ownership interest in Prestaciones Finmart, S.A. de C.V., SOFOM, E.N.R., a specialty consumer finance company headquartered in Mexico City.
Under the terms of the definitive agreement, EZCORP will pay $38.7 million in cash to the existing stockholders of Crediamigo and will contribute an
additional $12 million to the capital of the company alongside $8 million that will be contributed by certain of the minority shareholders. This additional capital will be used to repay existing indebtedness and provide working capital. EZCORP will be obligated to pay the existing stockholders additional amounts on each of the first and second anniversaries of the closing if certain financial performance targets are achieved during 2012 and 2013.
Closing of the transaction is subject to the receipt of certain third party consents and satisfaction of other customary conditions, and is expected to occur on or about January 31, 2012.
EZCORP closed at $27.16 Thursday, a gain of 1.34% for the day on 1.5 times the average daily volume.
AT&T, Verizon to Acquire Akamai Technologies:
AT&T
T and Verizon
VZ are among the companies seeking to acquire Akamai Technologies
AKAM, according to sources. The acquisition price is rumored to be $40 or more.
Akamai last had takeover chatter on December 2, 2011. A company spokesperson had no comment regarding the rumor.
Akamai Technologies closed at $32.69 Thursday, a gain of 0.86% for the day on about the average daily volume.
AT&T to Acquire Dish NetworkThe Rumor:
AT&T
T to acquire Dish Network
DISH.
A frequent pairing since the T-Mobile deal fell through, the rumor last appeared 2 days ago.
Dish Network closed at $29.99 Thursday, a gain of 3.20% for the day on about the average daily volume.
Toshiba to Acquire SanDiskThe Rumor:
Toshiba (
TOSBF) to acquire SanDisk
SNDK for a price in excess of $60 per share. Some analysts were giving SanDisk a price target in the $65 to $70 range back in November.
Neither company could be reached for comment.
SanDisk closed at $52.68 Thursday, a gain of 1.17% for the day on about the average daily volume.
Tencent to Acquire YoukuThe Rumor:
Tencent (
TCEHY) to acquire Youku
YOKU for $34 per share, according to comments out of Credit Suisse.
Youku recently signed a content deal with 20th Century Fox.
Youku closed at $20.62 Thursday, a gain of 4.78% for the day on more than twice the average daily volume.
China Mobile to Acquire Deutsche TelecomThe Rumor:
China Mobile
CHL to acquire Deutsche Telekom (
DTEGY), according to sources.
No details were mentioned.
Deutsche Telekom closed at $11.63 Thursday, a gain of 0.61% for the day on twice the average daily volume.
eResearch Technology to Prepare for Sale of CompanyThe Rumor:
eResearch Technology
ERT is preparing for a sale of the company, according to
dealReporter.
A company spokesperson would not comment on the rumor.
eResearch Technology closed at $5.35 Thursday, a gain of 10.31% for the day on 6 times the average daily volume.
Chicos FAS to be Acquired by Private EquityThe Rumor:
Chicos FAS
CHS to be acquired by private equity for $15.50 per share.
The deal was first mentioned a week ago.
Chicos FAS closed at $11.71 Thursday, a gain of 2.36% for the day on about the average daily volume.
NetApp Approached with Takeover BidsThe Rumor:
NetApp
NTAP has been approached with takeover bids, according to
dealReporter.
A company spokesperson could not be reached for comment.
NetApp closed at $37.51 Thursday, a gain of 8.25% for the day on 2.6 times the average daily volume.
Samsung to Acquire Research in MotionThe Rumor:
Samsung (
SSNLF) to acquire Research in Motion
RIMM, according to
BGR.com.
The rumor appeared yesterday and was denied by a Samsung spokesperson.
BGR's Jonathan S. Geller
Tweeted Thursday that he stands by the story.
Research in Motion closed at $17.57 Thursday, a gain of 1.68% for the day on 2.6 about the average daily volume.
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AKAMAkamai Technologies Inc
$78.140.35%
Edge Rankings
Momentum
27.84
Growth
44.00
Quality
7.34
Value
41.71
Price Trend
Short
Medium
Long
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