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 25, 2016:
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!
Microsoft May Have Reopened Talks with Salesforce
The Rumor:
Shares of Salesforce.com (NYSE: CRM) rose Thursday, on unconfirmed market chatter of a new offer coming from Microsoft (NASDAQ: MSFT). "Sources" say Microsoft could bid $92 to $94 per share.
In May 2015, Salesforce rejected a $55 billion offer from Microsoft, according to reports. Salesforce CEO Marc Benioff had sought $70 billion, sources said. A spokesperson for Salesforce declined comment to Benzinga on today's rumor.
Salesforce closed Thursday at $80.16, up 3%.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Hearing Ningbo Shanshan in Talks to Purchase Stake in SQM
The Rumor:
China's Ningbo Shanshan Co is said to be in advanced talks to acquire a stake in Chile's Sociedad Quimica Y Minera (NYSE: SQM), according to sources as reported by Reuters on Thursday. Ningbo Shanshan Co is a manufacturer of lithium battery materials.
SQM closed at $26.16 on Thursday, up 4.93%.
Littelfuse to Acquire Select Product Portfolio from ON Semiconductor for $104M
The Deal:
Littelfuse, Inc., (NASDAQ: LFUS) announced Thursday, it has entered into definitive agreements to acquire the product portfolio of transient voltage suppression diodes, switching thyristors and insulated gate bipolar transistors for automotive ignition applications from ON Semiconductor Corporation for $104 million. The transactions are expected to close in late August, 2016.
ON Semiconductor closed at $11.01 on Thursday, up 2.8%.
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.