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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday December 22, 2016.
Blackstone in Talks to Take Stake in Energy Transfer Partners Assets
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The Rumor:
Blackstone Group LP (NYSE: BX) is said to be in talks to take a stake in Energy Transfer Partners LP (NYSE: ETP) assets, according to sources as reported by Dow Jones. A source said a deal could be valued at around $5 billion.
The specific assets that would be included in the deal are not known.
Energy Transfer Partners closed at $36.20 on Thursday, up 2.29 percent.
Antitrust Regulator Set to Approve Abbott's Purchase of St. Jude
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The Rumor:
U.S. antitrust regulators are ready to approve Abbott Laboratories' (NYSE: ABT) acquisition of St. Jude Medical, Inc. (NYSE: STJ), according to sources as reported by Dow Jones. FTC approval could happen as early as this, sources said.
EU antitrust regulators approved the deal in November, conditional on the companies divesting two devices used in cardiovascular treatments.
St. Jude closed Thursday at $79.70, up $0.42.
Mondelez Could Be Preparing Another Bid for Hershey
The Rumor:
A report from Deal Reporter mentioned that Mondelez International (NASDAQ: MDLZ) could be getting ready to make a new bid for Hershey Co (NYSE: HSY), according to sources. Mondelez had ended its bid to acquire Hershey in August following rejecting of multiple offers by Hershey.
Hershey closed Thursday at $104.44, up 1.23 percent.
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.