Benzinga's M&A Chatter for Monday July 28, 2014


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The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday July 28, 2014:Dollar Tree to Acquire Family Dollar Stores for $74.50/Share in Cash, Stock DealThe Deal:
Dollar Tree (NASDAQ: DLTR) and Family Dollar Stores (NYSE: FDO) announced Monday that they have entered into a definitive merger agreement, under which Dollar Tree will acquire Family Dollar in a cash and stock deal, valued $74.50 per share. Under the terms of the agreement, Family Dollar shareholders will receive $59.60 in cash and $14.90 in Dollar Tree shares.The deal is expected to close in early 2015.Family Dollar shares closed Monday at $75.74, a gain of 25%. Dollar Tree shares rose more than 1% to close at $54.87.Zillow to Acquire Trulia for $3.5B in StockThe Deal:
Zillow (NASDAQ: Z) announced Monday that it has agreed to acquire Trulia (NYSE: TRLA) for $3.5 billion in an all-stock transaction. The Boards of Directors of both companies have approved the deal, expected to close in 2015.Trulia shares closed Monday at $65.04, a gain of 15%, while Zillow shares rose almost 1% to close at $160.32.Report Apple to Acquire Radio App Swell for $30MThe Rumor:
Apple is near a deal for talk-radio app Swell, according to Re/Code. The deal is valued at around $30 million, according to sources.Apple did not immediately confirm the deal.Apple shares closed Monday at $99.02, a gain of almost 1.5%Retrophin Offers to Acquire Clinuvel Pharmaceuticals for $2.17/ShareThe Offer:
Retrophin (NASDAQ: RTRX) announced Monday, that on July 17, 2014 it submitted an offer to Clinuvel Pharmaceuticals (OTC: CLVLY) Board of Directors, to acquire all of the shares of Clinuvel stock that Retrophin does not own for 0.175 Retrophin shares per Clinuvel share, or A$2.17 per share in cash. Retrophin currently owns approximately 4.88% of Clinuvel shares.Retrophin shares closed Monday at $10.86, a loss of 5.5%.Pilgrim's Pride to Acquire Tyson Foods Mexican Poultry Business in $400M TransactionThe Deal:
Pilgrim's Pride (NYSE: PPC) announced Monday that it will acquire the poultry businesses of Tyson Foods (NYSE: TSN) in Mexico, in a deal valued at $400 million in cash. Pilgrim's Pride, is majority owned by JBS USA Holdings.Tyson Foods shares closed Monday at $40.56, a gain of 2.5%.

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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