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 Tuesday July 19, 2016:
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PE Firm Said to Show Interest in F5 Networks Deal
The Rumor:
Private equity firm Thoma Bravo is said to have an interest in acquiring F5 Networks, according to sources as reported by the NY Post on Tuesday. F5 was rumored to have hired Goldman Sachs in June to handle takeover interest. Thoma Bravo recently acquired Qlik Technologies (NASDAQ: QLIK) for about $3 billion. F5 Networks and Thoma Bravo did not respond to requests for comment.
F5 closed at $121.24 on Tuesday, up 4.68%.
Monsanto Rejects Bayer's Revised $125/Share Proposal
The Rejection:
Monsanto Company (NYSE: MON) announced Tuesday, that its Board unanimously rejected Bayer AG's (OTC: BAYRY) revised proposal of $125 per share, up from the previous $122. Monsanto said the offer was "financially inadequate and insufficient to ensure the deal certainty." Monsanto said it continues to remain open to discussions with Bayer and other potential buyers.
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Monsanto closed at $7.02 on Tuesday, up 4.78%.
Golden Enterprises to Receive $12/Share in Cash from Utz Quality Foods
The Deal:
Golden Enterprises, Inc. (NASDAQ: GLDC) and Utz Quality Foods announced Tuesday, that they entered into a definitive merger agreement on July 18, 2016, under which Utz will acquire GLDC for $12.00 per share in cash. Golden Flake will operate as a separate subsidiary of Utz, under the current management team.
Golden Enterprises closed Tuesday at $11.88, up 55.53%.
Beasley Broadcast Group to Acquire Greater Media for $240M
The Deal :
Beasley Broadcast Group, Inc. (Nasdaq: BBGI) and Greater Media announced Tuesday, that they have entered into a definitive agreement under which Beasley will acquire all of the outstanding stock of Greater Media for approximately $240 million. Greater Media shareholders are expected to receive approximately $100 million in cash and approximately $25 million in Beasley Class A common stock at a fixed value of $4.61 per share, plus net cash proceeds from the sale of its tower assets, estimated to be approximately $20 million. Beasley will also refinance approximately $80 million of debt of Greater Media. The transaction is expected to be completed in Q4 of 2016.
Beasley Broadcast Group closed Tuesday at $4.62, up 4.52%.
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.