Benzinga's M&A Chatter for Wednesday July 22, 2015


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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday July 22, 2015:St Jude Medical to Acquire Thoratec for $63.50/Share in Cash

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The Deal:
St. Jude Medical (NYSE: STJ) and Thoratec (NASDAQ: THOR) announced Wednesday, that St. Jude will acquire all of the outstanding shares of Thoratec for $63.50 per share in a cash transaction valued at about $3.4 billion. The deal is expected to close in Q4 of 2015. Thoratec gained more than 10% Wednesday, closing at $63.46.Hearing Unconfirmed Market Chatter of PE Interest in H&R BlockThe Rumor:

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Shares of H&R Block (NYSE: HRB) spiked higher Wednesday, on unconfirmed market chatter that the tax preparation firm has received approaches from private equity and has hired Goldman Sachs to assist in the sale process. According to sources, the rumored offer is $43 per share.There was unusual activity Tuesday in the October $35 HRB call on Tuesday.H&R Block declined comment on the rumor.H&R Block gained 2% Wednesday, closing at $32.87.Renewed Report of China's Tsinghua Unigroup Bidding $23B for MicronThe Rumor:
China's Tsinghua Unigroup is preparing a $23 billion bid to acquire Micron Technology, according to a report from Nikkei.Bloomberg first reported the story on July 14.Micron shares closed at $18.00 on Wednesday, a loss of 4.5%.

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