Benzinga's M&A Chatter for Monday July 6, 2015


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.


The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday July 6, 2015:Hearing Teva To Raise Bid For Mylan To $86-$88/Share This Week

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 Rumor:
Shares of Mylan N.V. (NYSE: MYL) spiked to an intraday high of $73.90 Monday, following a report from Bloomberg, that Teva Pharmaceutical Industries Limited (TEVA) could raise its offer to $86.00 to $88.00 per share, according to sources. Teva had offered $82.00 per share in April.Mylan offered $35 billion for Perrigo (NYSE: PRGO). That bid was backed by Abbot Labs (NYSE: ABT) which has a 14.5% stake in Mylan.Mylan shares rose $0.63 Friday, closing at $70.75. IBM Said to Bid for FireEyeThe Rumor:
Shares of FireEye (NASDAQ: FEYE) rose Monday, on renewed unconfirmed market chatter of a potential offer from IBM (NYSE: IBM).

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.


Deal Reporter said in December that FireEye had been approached by both IBM and Oracle (NYSE: ORCL).Spokespersons for FireEye and IBM were not available for comment.FireEye shares fell $0.18 Monday, closing at $48.01.Hearing Unconfirmed Market Chatter of Lenovo Interest in Marvell TechnologyThe Rumor:
Shares of Marvell Technology Group Ltd. (NASDAQ: MRVL) rose briefly Monday, on unconfirmed chatter of a potential bid from Lenovo Group Limited (OCT: LNVGY).Spokespersons for Marvel and Lenovo did not respond to requests for comment.Marvell shares fell $0.23 Monday, closing at $13.19.Hearing The Deal Says JP Morgan Interested in Lending ClubThe Rumor:
LendingClub Corporation (NYSE: LC) shares spiked higher Monday on a report from The Deal that JP has an interest in the peer-to-peer lending company, which had its IPO in December 2014.After-hours, Charlie Gasparino tweeted that JP Morgan sources said there was no interest in acquiring Lending Club.Lending Club shares gained 5.73% Monday, closing at $14.75.

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