Market Overview

Benzinga's M&A Chatter for Tuesday November 13, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday November 13, 2012:

Hearing Chatter Netflix Hired Goldman Sachs

The Rumor:
Netflix (NASDAQ: NFLX) shares surged higher Tuesday on reports the company has hired Goldman Sachs as an adviser to explore strategic alternatives.

A spokesperson for Netflix told Benzinga "we have a number of outside advisers who have longstanding relationships with Netflix."

Netflix closed at $79.61 Tuesday, a gain of 1.81% on lower than average volume.

Report AMD Hires JP Morgan

The Rumor:
Advanced Micro Devices (NASDAQ: AMD) hired JP Morgan as an adviser to explore options, including disposition of patents or a sale of the company, according to sources speaking to Reuters.

AMD responded to the report, saying it was not pursuing a sale of the company or a sale of assets.

Advanced Micro Devices closed at $2.09 Tuesday, a gain of 5.03% on more than twice average volume.

Google Could Buy VeriFone Says Susquehanna Note

The Note:
Google (NASDAQ: GOOG) could acquire VeriFone Systems (NASDAQ: PAY), according to a note from Susquehanna.

A spokesperson for VeriFone declined comment on the report. A Google spokesperson was not available for comment.

VeriFone Systems closed at $30.02 Tuesday, a loss of 3% on lower than average volume.

Hearing PE Firms Bidding for Allscripts

The Rumor:
PE firms Carlyle Group (NASDAQ: CG), Blackstone Group (NYSE: BX) and TPG Capital submitted second round bids for Allscripts Healthcare (NASDAQ: MDRX), according to sources speaking to Reuters. Reports surfaced on May 4 that Allscripts was a takeover target and on May 7 the company announced that its Board of Directors had approved the adoption of a Stockholder Rights Plan.

Allscripts Healthcare Solutions closed at $12.32 Tuesday, a gain of 0.49% on almost twice average volume.

Hearing Unconfirmed Market Chatter of Private Equity Intrest in Macy's

The Rumor:
Macy's (NYSE: M) has received private equity interest, according to market chatter. Kohlberg Kravis Roberts (NYSE: KKR) is leading a group of PE firms preparing to offer $46 per share, according to sources.

A spokesperson for Macy's declined comment on the rumor. A KKR spokesperson was not available for comment.

Macy's closed at $39.08 Tuesday, a gain of 0.98% on higher than average volume.

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

 

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