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 Thursday August 11, 2016:
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Chatter of VF Corp Interest in Hanesbrand The Rumor:
Shares of Hanesbrands (NYSE: HBI) rose Thursday, on unconfirmed market chatter tha VF Corp (NYSE: VFC) could bid $36 per share for the underwear maker. FBR Analyst Susan Anderson told Benzinga such a deal has a"low probability" of happening.
Hanesbrands closed Thursday at $27.265 up 3.30%.
Kraft Heinz Said to be Preparing Bid for Kellogg
The Rumor:
Shares of Kellogg (NYSE: K) traded as high as $84.28 on Thursday, as renewed unconfirmed market chatter circulated of a potential bid from Kraft Heinz (NASDAQ: KHC). "Sources" said Kraft could offer as much as $105 per share for the Battle Creek, MI cereal maker. Kellogg has been rumored to have received interest from Coca-Cola (NYSE: KO), in addition to Kraft.
Kellogg closed at $83.46 on Thursday, up $0.50.
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Hewlett Packard Enterprise to Acquire SGI fpr $7.75/Share in Cash
The Deal:
Hewlett Packard Enterprise (NYSE: HPE) announced Thursday, that it has signed a definitive agreement to acquire SGI (NASDAQ: SGI) for $7.75 per share in cash, for a transaction valued at approximately $275 million, net of cash and debt. The transaction is expected to close in Q1 of HPE's FY 2017.
SGI closed at $5.98 on Thursday, and traded as high as $7.85 after-hours.
Carl Icahn Said the be Preparing Offer to Acquire Delek Holdings
The Rumor:
CVR (NYSE: CVI) is said to be planning to make an offer to acquire Delek US Holdings (NYSE: DK), according to sources as reported by the NY Post on Thursday. Carl Icahn owns a controlling stake in CVR and it thought to be building a stake in Delek, the sources said.
An earlier rumor mentioned Icahn taking a large stake in Wynn Resorts (NASDAQ: WYNN), but a source familiar with the matter, told Benzinga Icahn has no interest in buying a Vegas casino.
Delek closed at $14.89 on Thursday and traded as high as $18.30, after-hours.
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.