Benzinga's M&A Chatter for Tuesday August 26, 2014


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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday August 26, 2014:Ann, Inc. Reportedly Exploring Potential SaleThe Rumor:
Shares of Ann, Inc. (NYSE: ANN), the parent of retailer Ann Taylor, surged higher Tuesday, on a report from Reuters that it had hired JPMorgan Chase to consider strategic alternatives, including a potential sale.Spokespersons for Ann and JPMorgan declined comment on the report.Ann, Inc. closed Tuesday at $41.87, a gain of almost 5%.Jupiter Offers $8.00/Share for AltevaThe Offer:
Shares of Alteva (NYSE: ALTV) spiked higher late Tuesday, following an offer from Jupiter Investment, to acquire the cloud-based communications company for $8.00 per share in cash. Altera reported a 6.2% stake in Alteva as of August 26.Jupiter made the offer in a letter to Alteva's Board of Directors.Alteva closed Tuesday at $6.88, a gain of 30%.Medtronic Acquires Sapiens Steering Brain Stimulation for ~$200M in CashThe Deal:
Medtronic (NYSE: MDT) announced Tuesday, that it has acquired Sapiens Steering Brain Stimulation for approximately $200 million in cash.The transaction does not impact Medtronic's FY 2015 earnings guidance.Medtronic closed Tuesday at $63.52, a loss of $0.11.

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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