The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday November 28, 2012:
NCR to Acquire Retalix for $30/Share in CashThe Deal:
NCR Corporation (NYSE:
NCR) announced a definitive agreement for NCR to acquire Retalix (NASDAQ:
RTLX) for a cash purchase price of $30.00 per Retalix share, implying a transaction value of approximately $650 million.
The deal was reported by
Calcalist, but not immediately confirmed by either company. Shares were finally halted around 3:15 PM and the deal was confirmed after-hours.
The transaction is expected to be completed in Q1 2013.
Retalix was halted at $29.50 Wednesday, after gaining $7.60, and traded about $0.30 higher after hours.
Hearing Unconfirmed Chatter of GE Bid for First SolarThe Rumor:
General Electric (NYSE:
GE) was rumored to be making a bid to acquire First Solar (NASDAQ:
FSLR) in the mid $30's, according to unconfirmed sources. GE has been rumored in the past to be a potential buyer of First Solar, along with Mid American Energy and investor Carl Icahn.
Spokespersons for both companies declined comment on the rumor.
First Solar closed at $27.21 Wednesday, a gain of $3.5% on higher than average volume.
Positive Chatter Heard in Sarepta TherapeuticsThe Rumor:
Shares of Sarepta Therapeutics (NASDAQ:
SRPT) rose sharply Wednesday morning on chatter of a possible takeover by Vertex Pharmaceuticals (NASDAQ:
VRTX). Other reports had Vertex possibly buying the North American rights to Eteplirsen, the company's Duchenne muscular dystrophy treatment.
Spokespersons for neither company were not available for comment.
Sarepta Therapeutics closed at $30.21 Wednesday, a gain of 5% on higher than average volume.
Incentive Targeting Acquired by GoogleThe Deal:
Incentive Targeting
announced on their website Wednesday they were acquired by Google (NASDAQ:
GOOG). Terms were not announced.
Google closed at $683.67 Wednesday, a gain of almost 2% on average volume.
Knight Capital Confirms $3.50/Share Bid from GetcoThe Offer:
Knight Capital (NYSE:
KCG) rose sharply pre-market Wednesday on reports trading firm Getco had offered $3.50 per share in cash and stock. Knight confirmed receipt of the offer and announced postponement of the analyst and investor meeting scheduled for Monday, December 3, 2012. Getco currently owns 31% of Knight's outstanding shares.
In addition, Virtu Financial submitted an all-cash offer on Wednesday of $3.00 per share for Knight.
Knight Capital suffered $460 million in losses, following a trading glitch on August 1.
Knight Capital closed at $3.42 Wednesday, a gain of 15% on 16 times average volume.
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