Market Overview

Benzinga's M&A Chatter for Wednesday February 8, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 8, 2012:

Akamai Acquires Blaze

The Deal: Akamai Technologies (NASDAQ: AKAM) announced Wednesday that it has acquired Blaze Software in a cash transaction. The acquisition is expected to complement Akamai's market-leading site acceleration solutions with technology designed to optimize the speed at which a web page is rendered, regardless of end user device.

Akamai shares closed at $34.44, a gain of 2.35% on more than twice the average daily volume. After hours Akamai reported better than expected earnings and traded over $39.00.

Samsung to Acquire Micron Technology

The Rumor: Korean technology giant Samsung to acquire Micron Technology (NASDAQ: MU) for $13.50, according to sources. On February 3, Micron lost its CEO, Steve Appleton, in a plane crash.

A spokesperson for Micron would not comment on the rumor.

Micron Technology closed at $8.16, a gain of 3.68% for the day on 1.35 times the average daily volume.

Amazon to Acquire Research in Motion

The Rumor:
Amazon (NASDAQ: AMZN) to acquire Research in Motion (NASDAQ: RIMM) for $25 per share, according to sources.

There have been many rumors involving a Research in Motion in recent months. Vodaphone was the most recent rumored buyer at $22.

A spokesperson for Amazon would not comment on the Research in Motion takeover rumor, while a RIMM spokesperson could not be reached for comment.

Research in Motion closed at $16.49, a loss of 1.32% for the day on 70% of the average daily volume.

BHP Billiton to Acquire Alcoa

The Rumor:
BHP Billiton (NYSE: BHP) to acquire Alcoa (NYSE: AA) for $16 per share or more.

A spokesperson for Alcoa would not comment on the rumor. A BHP Billiton spokesperson could not be reached for comment.-

Alcoa closed at $10.67 Wednesday, no change for the day on just under the average daily volume.

Bristol-Meyers Squibb to Acquire Vertex Pharmaceuticals

The Rumor:
Bristol-Meyers Squibb (NYSE: BMY) to acquire Vertex Pharmaceuticals (NASDAQ: VRTX) for $50 per share, according to sources. Vertex has been the subject of recent takeover rumors as the acquirer of Achillion Pharmaceuticals (NASDAQ: ACHN).

A spokesperson for Vertex would not comment on the chatter. A Bristol-Meyers spokesperson could not be reached for comment.

Vertex closed at $36.78 Wednesday, a loss of 2.15% for the day on 80% of the average daily volume.

Pershing Square/Bill Ackman Pushing Radio Shack for a Sale

The Rumor:
Investor Bill Ackman of Pershing Square is pushing Radio Shack (NYSE: RSH) to find a buyer for the company, according to reports.

A spokesperson for Radio Shack would not comment to Benzinga on the report.

Radio Shack closed at $7.51 Wednesday, a gain of 3.3% for the day on almost twice the average volume.

American Airlines Creditors Want to Explore Merger with US Airways

The Rumor:
Creditors for AMR Corp (AAMRQ) want American Airlines to explore a merger with US Airways or another carrier, according to an exclusive Reuters story.

Creditors include banks, employees and vendors. US Airways has already indicated it is considering a bid for AMR.

AMR Corp closed at $0.64 Wednesday, a loss of 0.85% for the day on 10% of the average daily volume.

Cellcom in Talks to Sell Netwise

The Rumor:
Cellcom Israel (NYSE: CEL) is in talks to sell subsidiary Netwise Applications to Matrix IT Ltd, according to Globes.

Cellcom Israel closed at $15.37 Wednesday, a gain of 1.86% for the day on average volume.

Posted-In: Long Ideas News Short Ideas Rumors M&A Global After-Hours Center Movers

 

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