Benzinga's M&A Chatter for Thursday January 3, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 3, 2013: Apple has No Plans to Buy Waze The Rumor:
Apple AAPL has no plans to buy Waze, according to a source reported by CNET. The source said reports of the acquisition, which have been circulating for the past 24 hours, are "completely fabricated." Apple closed at $542.10 Thursday, a loss of 1.26% on lower than average volume. Selectica Mentioned as Possible Takeover Target The Rumor:
Shares of lightly traded Selectica SLTC, moved higher Thursday on a report in Seeking Alpha by GeoInvesting that the developer of sales and contract software could be a takeover target. A spokesperson for Selectica was not available for comment. Selectica closed at $7.74 Thursday, a gain of 18% on 5 times average volume. Hormel to Acquire Skippy from Unilver for $700M The Deal:
Hormel Foods Corporation HRL today announced it has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever UL United States Inc., of Englewood Cliffs, N.J. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the United States and other jurisdictions. The purchase price is approximately $700 million. Hormel Foods expects this acquisition to be modestly accretive in fiscal 2013. Full year accretion in fiscal 2014 is expected to be between 13 and 17 cents per share. Hormel Foods closed at $33.20 Thursday, a gain of 3.72% on 4 times average volume.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsShort SellersShort IdeasRumorsM&AGlobalAfter-Hours CenterMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!