Merger Monday As Athlon Energy Inc, Tibco Software Inc And Ambit Biosciences Corp Rally On Deal News


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Three separate deals were announced over the weekend and Monday morning:

Encana Corporation (NYSE: ECA) acquiring Athlon Energy Inc (NYSE: ATHL) for $5.93 billion in cash ($58.50 per share).

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Vista Equity Partners acquiring Tibco Software Inc (NASDAQ: TIBX) for $4.3 billion in cash ($24 per share).

Daiichi Sankyo Co Ltd acquiring Ambit Biosciences Corp (NASDAQ: AMBI) for $315 million in cash ($15 per share).

In the premarket, all three stocks being acquired were sharply higher:

  • Athlon Energy up 24.65 percent at $58.25
  • Tibco Software up 21. 11 percent at $23.63
  • Ambit Biosciences up 87.80 percent at $15.40

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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.


Posted In: NewsPre-Market OutlookMarkets