Benzinga's M&A Chatter for Monday June 29, 2015


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 29, 2015:Allegion to Acquire Electronic Lock Company SimonsVoss

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

The Deal:
Allegion, plc (NASDAQ: ALLE) has agreed, through its subsidiary Allegion Luxembourg Holding & Financing S.à r.l, to acquire SimonsVoss Technologies GmbH from HgCapital. Terms were not disclosed.The transaction is expected to close in Q3 of this year, subject to regulatory approvals.Allegion shares closed down more than 2% Monday, at $60.28.Amag Pharma Acquires Cord Blood Registry for $700MThe Deal:
AMAG Pharmaceuticals, Inc. (NASDAQ: AMAG) announced Monday, that it has entered into a definitive agreement to acquire Cord Blood Registry for $700 million. The deal has been approved by both company's Boards and is expected to close in Q3 of 2015.Amag Pharma shares fell 4.5% Monday, closing at $67.14.

Want Private Access to Benzinga Analyst?

Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.


Kongzhong Announces Nonbinding Acquisition Proposal of $8.56/ADSThe Offer:
KongZhong Corporation (NASDAQ: KZ) announced Monday, that its Board of Directors has received a preliminary non-binding proposal letter, dated June 29, from Chairman & CEO Leilei Wang and IDG-Accel China Growth Fund II L.P., to acquire all of the outstanding ordinary shares of the company not owned by the buyers of their affiliates for $8.56 in cash per ADS.KongZhong's Board intends to form a special committee, consisting of independent directors, to consider the proposal. Kongzhong shares gained 5% Monday, closing at $7.39.Xilinx CEO Says Bankers Approached Company on M&A OpportunitiesThe CEO Comment:
Shares of Xilinx Inc. (NASDAQ: XLNX) spiked higher Monday on a report from Bloomberg that the company's CEO, Moshe Gavrielov, had been approached by bankers regarding a potential deal. The interest in Xilinx came after Intel Corporation (NASDAQ: INTC) announced on June 1 the acquisition of Altera Corp. (NASDQ: ALTR) for $16.7 billion. Prior to that, Avago Technologies Ltd (NASDAQ: AVGo) agreed to acquire Broadcom Corp (NASDAQ: BRCM) for $37 billion.Garielov said on Monday, Xilinx can continue as a stand-alone company.Xilinx shares lost $0.83 Monday, closing at $43.97.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: NewsRumorsM&AMovers