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 February 23, 2017:
Shareholder Said to Urge GNC to Consider Merger with Vitamin Shoppe
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The Rumor:
Shares of GNC Holdings Inc (NYSE:GNC) rose as a source familiar with the matter told Benzinga an investor was pushing for a merger with Vitamin Shopppe Inc (NYSE:VSI). That followed a filing by GNC's interim CEO that showed a purchase of 592,000 shares.
GNC is said to have held talks with several potential Chinese buyers, but no deal has materialized due to disagreements over the structure of the deal, as reported by Bloomberg in December.
GNC rose 11.2 percent to close at $8.89.
Reuters Reports Symantec Held Talks to Buy FireEye Six Months Ago, No Longer Pursuing A Deal
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The Rumor:
Symantec Corporation (NASDAQ:SYMC) held talks to acquire FireEye Inc (NASDAQ:FEYE) six months ago, according to sources as reported by Reuters. Symantec is not currently pursuing an acquisition due to disagreements over price, sources said.
Zero Hedge reported Symantec's LifeLock would offer $16 per share for FireEye. FireEye is the subject of frequent takeover chatter, with Cisco (NASDAQ:CSCO) mentioned on multiple occasions as the rumored buyer.
FireEye closed at $11.31 on Thursday, up $0.08.
Carter's Acquires Skip Hop Holdings for $140M in Cash
The Deal:
Carter's, Inc. (NYSE:CRI) has acquired Skip Hop Holdings from PE firm Fireman Capital Partners for $140 million in cash, plus a potential future payment of up to $10 million contingent upon the achievement of certain fiscal targets in 2017.
Carter's closed at $87.06 on Thursday, up 4.16 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.