Benzinga'a M&A Chatter for Friday August 3, 2012
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday August 3, 2012:
Hearing Chatter of Roche Interest in Alexion
Spokespersons for both Alexion and Roche declined comment on the Rumor.
Alexion Pharmaceuticals closed at $106.96 Friday, a gain of 4.56% on 1.5 times average volume.
Hearing Citizens Republic Bancorp Is Looking for a Buyer, Hires JP Morgan to Helo
Citizens Republic Bancorp (NASDAQ: CRBC) has hired JP Morgan as an adviser to solicit bids from potenital buyers, according to Bloomberg. Huntington Bancshares (NASDAQ: HBAN) is rumored to be one of the potential bidders.
Citizens Republic Bancorp closed at $19.24 Friday, a gain of 9.07% on almost 4 times average volume.
Hearing Chatter EOG Resources May Bid for Ultra Petroleum
Spokespersons for the two companies were not available for comment.
Ultra Petroleum closed at $21.01 Friday, a loss of 2.14% on 1.5 times average volume.
Hearing Chatter TPG, KKR Could Buy Knight capital
Rumors were rampant surrounding Knight Trading Group (NYSE: KCG) Friday, following Wednesday's trading glitch disaster, which threatened the survival of the company. Rumors of bankruptcy, a breakup of the company and an outright sale, left traders unsure of Knight's future. The company reported a pre-tax loss of $440 million from the event.
Knight receive a line of credit to keep it operating for the day on Friday, according to the Wall Street Journal.
Friday's chatter showed interest from KKR (NYSE: KKR), TPG and Silver Lake Partners in saving Knight, in pieces or as a whole. Spokespersons from KKR and TPG declined comment. Another rumored buyer, Citadel, who was mentioned on Thursday, also declined to comment on rumored discussions with Knight.
Knight Trading Group closed at $4.05 Friday, a gain of 57% on 17 times average volume.
Hearing Takeover Chatter in Interpublic Group
IPG issued the following statement regarding the article: “We are aware of the activity in our stock today. It is our policy not to comment on market rumors or speculation.”
Interpublic Group closed at $10.97 Friday, a gain of 13.33% on 5.5 times average volume.
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