Benzinga's Weekend M&A Chatter


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 23 thru Sunday September 25, 2016:Twitter Said to be Exploring Sale

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The Rumor:
Twitter (NYSE: TWTR) shares soared Friday following a report from CNBC's David Faber, that the social media company is preparing to sell itself and has hired Goldman Sachs to handle potential offers. Alphabet Inc (NASDAQ: GOOGL) and salesforce.com, inc. (NYSE: CRM) are among the potential buyers, according to Faber.The Wall Street Journal

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reported Sunday that Salesforce CEO Marc Benioff is considering a bid for Twitter and talks between the companies are at an early stage. Verizon (NYSE: VZ) is also seen as a potential buyer for Twitter, according to various media reports.Twitter declined comment on the rumor. Twitter closed at $22.62 on Friday, up 21.42%.LANXESS to Acquire Chemtura for $33.50/Share in CashThe Deal:
LANXESS (OTC: LNXSF) announced Sunday, it has signed a contract to acquire specialty chemicals company Chemtura orporation (NYSE: CHMT) for $33.50 per share in cash or $2.5 billion. The transaction is expected to close in mid-2017, subject to approval by Chemtura shareholders.Chemtura closed at $28.18 on Friday, up 2.29%.Office Depot to Sell European Operations Aurelius RhoThe Deal:
Office Depot, Inc. (NASDAQ: ODP) announced Friday, that it intends to sell its European business to The AURELIUS Group. The transaction is expected to close by the end of 2016.Office Depot closed at $3.712 on Friday, up $0.08.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: NewsRumorsM&AMovers