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
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
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
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
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
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
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.
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