Market Overview

Benzinga's M&A Chatter for Friday February 10, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday February 10, 2012:

Actuant Acquires Jeyco Pty

The Deal:
Actuant (NYSE: ATU) announced Friday that it has acquired Jeyco Pty Ltd (“Jeyco”). Headquartered near Perth, Australia, Jeyco designs and provides specialized mooring, rigging and towing systems and services to the offshore oil & gas industry in Australia and other international markets. Additionally, its highly engineered products are used in a variety of applications for other markets including cyclone mooring and marine, defense and mining tow systems. Jeyco generates annual revenues of approximately $20 million.

Actuant shares closed at $27.33 Friday, a loss of 0.18% on average volume.

Cisco to Acquire Riverbed Technology

The Rumor:
Cisco (NASDAQ: CSCO) to acquire Riverbed Technology (NASDAQ: RVBD) for $39 per share, according to sources. The same two companies were mentioned in a rumored deal on January 17.

A Riverbed Technology spokesperson would not comment on the rumor. A Cisco spokesperson could not be reached for comment.

Riverbed Technology closed at $27.67, a loss of 0.22% for the day on average daily volume.

EU to Approve Google Takeover of Motorola Mobility

The Rumor:
Google (NASDAQ: GOOG) is expected to get approval from European regulators to complete its purchase of Motorola Mobility (NYSE: MMI), according to sources.

A spokesperson for Motorola would not comment on the rumor. A Google spokesperson could not be reached for comment.

Motorola Mobility Holdings closed at $39.45, a gain of 0.25% for the day on 5 times the average daily volume.

AT&T to Acquire Dish Network

The Rumor:
AT&T (NYSE: T) to acquire Dish Network (NASDAQ: DISH). This rumor has been circulating since AT&T's deal with T-Mobile fell apart.

Spokespersons for AT&T and Dish could not be reached for comment.

Dish Network closed at $28.50 Friday, a loss of 0.42% for the day on half the average daily volume.

Aaron's Chairman Open to Sale of Company

The Comments:
Aaron's (NYSE: AAN) Chairman Charles Loudermilk Sr. says he is ready to sell the company he founded in 1955, for the right price.

Aaron's reported in-line earnings Friday.

Aaron's closed at $27.96 Friday, a loss of 2.75% for the day on 5 times the average daily volume.

Radio Shack is a Takeover Target

The Rumor:
Radio Shack (NYSE: RSH) could be a takeover target, based on options activity, according to an article on Bloomberg.com.

A spokesperson for Radio Shack could not be reached for comment.

Radio Shack closed at $7.60 Friday, a gain of 1.74% for the day on 1.4 times the average daily volume.

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

 

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