Benzinga's M&A Chatter for Wednesday February 29, 2012

Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 29, 2012:
Hearing Samsung in Talks to Acquire Research in MotionThe Rumor
:

Hearing Samsung (
SSNLF
) is in advanced talks to acqure Research in Motion
RIMM
for $27 per share, according to sources. This same pairing was rumored previously on January 18, when it was tweeted by
BGR.com
. A Samsung spokesperson quickly denied that rumor. A representative for Research in Motion would not comment on the speculated deal. A Samsung spokesperson could not be reached for comment. Research in Motion closed at $14.17 Wednesday, a loss of 2.31% on 65% of the average daily volume.
Hearing Stec Could be a Takeover Target
The Rumor
:

Stec
Loading...
Loading...
STEC
could be a takeover target at current price level, according to FBN Securities. Stec has fallen from a high of $41.75 in September 2009, to its current level near $10. A Stec spokesperson was not available for comment. Stec closed at $9.69 Wednesday, a gain of 3.97% on 4 times the average daily volume.
Hearing Dell May be Targeting Opnet TechnologiesThe Rumor
:

Dell
DELL
may be considering a purchase of Opnet Technologies
OPNT
, according to
dealReporter
. Dell acquired AppAssure on February 24 and is reported to be seeking other acquisitions. Representatives of Dell and Opnet were not available for comment. Opnet closed at $28.55 Wednesday, a loss of 2.59% on 59% of the average daily volume.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsShort IdeasRumorsM&AAfter-Hours CenterMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...