Market Overview

Benzinga's M&A Chatter for Friday September 28, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 28, 2012:

Allscripts Hires Citigroup to Explore Sale According to Sources

The Rumor:
Allscripts (NASDAQ: MDRX) has hired Citigroup to explore a possible sale, according to sources reported by Bloomberg. Blackstone Group (NYSE: BX) is one the potential buyers mentioned. Allscripts was last mentioned as a takeover target in May. On May 26 the Board of Directors approved the adoption of a Stockholder Rights Plan under which stockholders will receive rights to purchase shares of a new series of preferred stock in certain circumstances.

A spokesperson for Allscripts declined comment on the report for "competitive reasons."

Allscripts closed at $12.42 Friday, a gain of 14.15% on 7 times average volume.

Hearing Monster Worldwide Still in Takeover Talks with Private Equity

The Deal:
Monster Worldwide (NYSE: MWW) is still in talks to be acquired by private equity, according to dealReporter. The company confirmed to Benzinga on September 11 it was still in talks to sell itself. Many companies have been rumored as potential buyers, including Microsoft (NASDAQ: MSFT), Oracle (NASDAQ: ORCL), News Corp (NASDAQ: NWSA) and Salesforce.com (NYSE: CRM).

Monster Worldwide closed at $7.33 Friday, a gain of 0.14% on average volume.

Hearing Vale to Bid for Molycorp

The Rumor:
Brazil's Vale (NYSE: VALE) is in talks to acquire Molycorp (NYSE: MCP), according to sources. Rio Tinto (NYSE: RIO) was rumored in April to be making an investment in the rare earth company.

A Vale spokesperson told Benzinga the rumor was "not true." A spokesperson for Molycorp declined comment on the report.

Molycorp closed at $11.50 Friday, a gain of 0.52% on lower than average volume.

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

 

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