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