The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday December 10, 2014Hearing Unconfirmed Market Chatter of Potential BHP Bid for Mosaic at $56/ShareThe Rumor:
Shares of The Mosaic Company (NYSE: MOS) rose Wednesday, on unconfirmed market chatter of a potential bid from BHP Billiton Limited (NYSE: BHP) of $56.00 per share. Sources report Mosaic is considering the offer. A Mosaic spokesperson declined comment on the rumor. A BHP spokesperson was unavailable for comment.Mosaic shares closed Wednesday at $45.91, a gain of 1%.Report of Potential $15B Bid for TIMThe Rumor:
Shares of TIM Participacoes S.A. (TSU) spiked higher Wednesday, following a Bloomberg report that Oi SA (NYSE: OIBR), Telefonica SA (NYSE: TEF) and Claro SA are planning to make an offer that would value TIM at around $15 billion, according to sources. Oi has agreed to sell its Portuguese assets to Altice SA ahead of a potential deal.Spokespersons for the parties declined comment on the report.TIM Participacoes shares closed Wednesday at $23.49, a gain of $1.27.Tyco Acquires Industrial Safety Technologies For $329.5M In CashThe Deal:
Tyco International plc (NYSE: TYC) announced Wednesday that it has agreed to acquire maker gas and flame detection gear, Industrial Safety Technologies, from Battery Ventures, for $329.5 million in cash. The transaction is expected to close in Tyco's FY Q2.Tyco closed Wednesday at $42.40, a loss of 2%.
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