Benzinga's M&A Chatter for Monday July 7, 2014


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The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday July 7, 2014:ADM Acquires WILD Flavors for ~€2.3BThe Deal:
Archer Daniels Midland (NYSE: ADM) announced Monday, that it is acquiring WILD Flavors GmbH, in an all-cash transaction valued at approximately €2.3 billion enterprise value. The deal is expected to close by year end. Archer Daniels Midland shares closed Monday at $46.50, a gain of 1.5%. Warren Resources Acquires Marcellus Assets of Citrus Energy Corporation for $352.5MThe Deal:
Warren Resources (NASDAQ: WRES) announced Monday that it has an agreement to acquire essentially all of the Marcellus assets of Citrus Energy and two additional working interest owners for $352.5 million. Warren will issue $40 million in Warren common stock priced at $6.00 per share, with the remainder to be funded through fully committed debt financing. The deal is expected to close in August 2014.Warren Resources shares closed Monday at $6.30, a gain of 2.5%. InvenSense to Acquire Movea, Trusted Positioning for $81MThe Deal:
InvenSense (NASDAQ: INVN) announced Monday, that it has agreed to acquire privately-held provider of software for ultra-low power location, activity tracking and context sensing, Movea, and also privately-held indoor/outdoor positioning software company, Trusted Positioning, for approximately $81 million. The deal includes $6 million in InvenSense share and the remainder in cash.The deals are expected to close by the end of InvenSense's Q2.InvenSense shares rose almost 6% Monday, to close at $23.97.Hearing Renewed Chatter of Potential Publix Bid for Whole FoodsThe Rumor:
Shares of Whole Foods (NYSE: WFM) rose sharply one hour after the open Monday, on renewed unconfirmed market chatter of a potential bid by privately held Publix. The price being reported is $58.00 per share.A spokesperson for Publix declined comment on the rumor. A Whole Foods spokesperson was not available for comment. Similar chatter surfaced on June 5.Whole Foods closed at $38.76 Monday, a loss of 1%.

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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