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 Friday, October 21 through Sunday October 23, 2016:
AT&T to Acquire Time Warner for $107.50/ Share, 50% in Cash, 50% in AT&T Stock
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!
The Deal:
AT&T Inc. (NYSE: T) and Time Warner Inc. (NYSE: TWX) announced Saturday that they have entered into a definitive agreement under which AT&T will acquire Time Warner for $107.50 per share in cash and stock. Time Warner shareholders will receive $107.50 per share, including $53.75 per share in cash and $53.75 per share in AT&T stock.
The transaction is expected to close before the end of $2017, though there has been immeidate reaction from political leaders including Senator Bernie Sanders, who says the Obama administration should kill the deal and Republican Presidential candidate Donald Trump, who vows to block the deal if he is elected president.
Time Warner closed at $89.48 on Friday, up 7.82%.
Rockwell Collins to Acquire B/E Aerospace for $62/Share
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.
The Deal:
Rockwell Collins (NYSE: COL) and B/E Aerospace (NASDAQ: BEAV) announced Sunday, that they have entered into a definitive agreement under which Rockwell Collins will acquire B/E Aerospace for $62.00 per share in cash and stock, plus the assumption of $1.9 billion in net debt. The deal consists of $34.10 per share in cash and $27.90 in shares of Rockwell Collins common stock.
The transaction is expected to closed in the Spring of 2017.
B/E Aerospace closed at $50.61 on Friday, down $0.04.
j2 Global's Ziff Davis to Acquire Everyday Health for $10.50/Share in Cash
The Deal:
Everyday Health, Inc. (NYSE: EVDY) announced Friday, that it has entered into a definitive merger agreement with Ziff Davis, which comprises the Digital Media Division of j2 Global, Inc. (NASDAQ: JCOM), under which Ziff Davis will acquire Everyday Health for $10.50 per share in cash.
Qatalyst Partners is serving as exclusive financial advisor to Everyday Health.
Everyday Health closed Friday at $10.45, up 11.17%.
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.