Market Overview

Benzinga's M&A Chatter for Friday October 5, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday October 5, 2012:

Sprint Board Reportedly Meeting to Discuss MetroPCS Bid

The Rumor:
Sprint's (NYSE: S) Board was rumored to be meeting Friday to discuss a bid for MetroPCS (NYSE: PCS), according to sources.

Both of the parties had declined comment on the report on Thursday.

Deutsche Telekom (OTC: DTEGY) and MetroPCS had announced Wednesday that they had signed an agreement to combine T-Mobile USA and MetroPCS in a deal that included 1.5B in cash plus stock.

MetroPCS closed at $12.65 Friday, a loss of 0.32% on 3.5 times average volume.

Note from ISI Says EMC Should Buy Juniper Networks

The Note:
A note from ISI Friday said it would make sense for EMC (NYSE: EMC) to buy Juniper Networks (NASDAQ: JNPR). The firm has a $28 PT on Juniper. Back in March, Oracle (NASDAQ: ORCL) was rumored to be paying as much as $36 per share for Juniper.

Spokespersons for Juniper and EMC were not available for comment.

Juniper Networks closed at $16.65 Friday, a loss of 0.30% on lower than average volume.

Hearing Chatter of ArcelorMittal Bid for US Steel

The Rumor:
ArcelorMittal (NYSE: MT) is once again interested in acquiring US Steel (NYSE: X), according to sources. The pair is frequently mentioned as possibly doing a deal, but both companies have repeatedly dismissed the rumors.

A spokesperson for US Steel declined comment, while an ArcelorMittal spokesperson could not be reached.

US Steel closed at $19.83 Friday, a gain of 0.58% on average volume.

Hearing Monster Worldwide Ends Discussions with PE Firm

The Rumor:
Monster Worldwide (NSYE: MWW) has ended talks with a private equity firm, according to dealReporter. Monster has been rumored to be in talks with several PE firms and public companies, including Microsoft (NASDAQ: MSFT), Oracle (NASDAQ: ORCL), News Corp (NASDAQ: NWSA) and Salesforce.com (NYSE: CRM).

Monster Worldwide has confirmed they have been in talks to sell the company, but would not confirm Friday's rumor.

Monster Worldwide closed at $7.30 Friday, a loss of 9.32% on 2.5 times average volume.

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

 

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