Benzinga's M&A Chatter for Thursday September 13, 2012


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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday September 13, 2012:Hearing Whiting Petroleum Hired Bank of America as Adviser

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The Rumor:
Whiting Petroleum (NYSE: WLL) surged higher on a report from Deal Reporter the company has hired Bank of America/Merrill Lynch as an adviser to explore strategic alternatives, which could include a possible sale. A spokesperson for Whiting Petroleum declined comment on the rumor.Whiting Petroleum closed at $51.75 Thursday, a gain of 4.82% on 2.5 times average volume.Staples May be Attracting PE InterestThe Rumor:

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Staples (NASDAQ: SPLS) has attracted private equity interest, according to Fortune. Among those companies rumored to be bidding is Bain Capital, which financed the launch of Staples in 1986.A Staples spokesperson was not available for comment.Staples closed at $11.96 Thursday, a gain of 3.64% on 3 times average volume.Hearing Kraft Could Make an Offer to Acquire SodaStreamThe Rumor:
SodaStream International (NASDAQ: SODA) could be a takeover target of Kraft (NYSE: KFT), according to sources. Kraft and Pepsico (NYSE: PEP) have been mentioned previously as potential suitors for the Israel-based maker of home beverage carbonation systems.Spokespersons for SodaStream and Kraft declined comment on the rumor.SodaStream International closed at $41.212 Thursday, a gain of 1.28% on average volume.Edelman Financial Group Shareholders Approve Merger AgreementThe Merger:
Edelman Financial Group (NASDAQ: EF) announced that its shareholders voted Thursday to adopt the previously announced merger agreement with an affiliate of Lee Equity Partners, a New York private equity firm.The parties intend to consummate the merger on September 19, 2012. Upon consummation of the merger, TEFG shareholders will receive $8.85 in cash for each share of TEFG common stock. At the completion of the transaction, TEFG will become a privately held company and its stock will no longer trade on the Nasdaq Stock Market.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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