Benzinga's M&A Chatter for Thursday January 29, 2015


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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 29, 2015:Report United Technologies Looking at Textron as Potential Acquisition

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The Rumor:
Shares of Textron (NYSE: TXT) rose Thursday, on a report from The Deal, that United Technologies was potentially looking at the company as a takeover target/A spokesperson for Textron declined comment on the report. A United Technologies spokesperson was not available.Textron shares rose more than 4% Thursday, closing at $67.45. CommScope shares rose 6%, closing at $27.13.

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Hershey Company to Acquire KRAVE Pure FoodsThe Deal:
The Hershey Company (NYSE: HSY) announced Thursday, an agreement to acquire KRAVE jerky maker, KRAVE Pure Foods. Financial terms of the transaction were not disclosed. Hershey shares lost 4% Thursday, closing at $103.29.BGC Re-affirms $6.10/Share Cash Offer for GFIThe Deal:
BGC Partners, Inc. (NASDAQ: BGCP) re-affirmed its commitment on Thursday, to the all-cash tender offer to acquire all of the outstanding shares of GFI Group Inc. (NYSE: GFIG) for $6.10 per share in cash. BGC has delivered an executed and binding tender offer agreement to the GFI board and Special Committee that can be countersigned by GFI if the Friday, January 30th, 2015 shareholder vote regarding the proposed merger with CME Group Inc. (NASDAQ: CME) fails.GFI Group 36% shareholder Jersey Partners, led by controlling stockholder Michael Gooch, today reaffirmed its support for the $5.85 per share cash and stock deal offered by CME GroupGFI Group shares closed Thursday at $5.68, down $0.08.

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.


Posted In: NewsRumorsM&AMovers