Benzinga's M&A Chatter for Tuesday February 10, 2015


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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday February 10, 2015:Hearing Unconfirmed Market Chatter of Alibaba $64/Share Offer for Ebay

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The Rumor:
eBay Inc. (NASDAQ: EBAY) shares spiked higher Tuesday, on unconfirmed market chatter of a potential $64.00 per share bid from Alibaba Group Holding Limited (NYSE: BABA). Ebay declined comment on the rumor, while an Alibaba spokesperson was not available for comment.Ebay shares gained $0.94 Tuesday, closing at $55.27Yelp Acquires Eat24 for $134M in Cash, Stock DealThe Deal:
Yelp Inc. (NYSE: YELP) announced Tuesday, it has acquired web and app-based online food ordering service Eat24, for approximately $134 million. The deal consists of approximately 1.4 million shares of Yelp Class A common stock and $75 million cash.The transaction closed on February 9, 2015.Yelp shares gained almost 6% Tuesday, closing at $44.66.

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Sycamore Partners Reportedly in Advanced Talks to Acquire Chico's FASThe Rumor:
Shares of Chico's FAS Inc. (NYSE: CHS) spiked higher after-hours Tuesday, on a report from the Wall Street Journal, that private-equity firm Sycamore Partners is in advanced talks to acquire the retailer. According to sources, the deal could be worth $3 billion.Chico's shares closed Tuesday at $17.25, and traded as high as $21.92 after-hours.Hearing Unconfirmed Market Chatter Garmin Rejected $64 Bid from HoneywellThe Rumor:
Garmin Ltd. (NASDQ: GRMN) reportedly recently rejected a $64.00 per share stock & cash bid from from Honeywell International Inc. (NYSE: HON), according to unconfirmed market sources. Industry sources say that a deal for Garmin could be done above $70.00 per share.Spokespersons for Garmin and Honeywell were not available for comment. Garmin shares closed Tuesday at $54.11, a gain of $

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