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 April 14 through Sunday April 16, 2017:
Anbang Ready to Let Fidelity & Guaranty Agreement Lapse
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The Rumor:
Anbang Insurance Group will let its $1.6 billion agreement to acquire Fidelity & Guaranty Life, according to sources as reported by Reuters on Sunday. Anbang failed to get certain state regulatory approvals, the sources said.
FGL had extended its merger agreement with Anbang until April 17 and Anbang could have extended the agreement until May 31, following a public hearing with Iowa's financial regulator. The sources said Anbang failed to meet the conditions for a further extension.
FGL declined comment on the report. Anbang had not yet responded to a request for comment.
FGL closed at $27.50 on Friday.
BJ's Wholesale Club is for Sale; Amazon May be Interested -NY Post
The Rumor:
BJ’s Wholesale Club is for sale, and Amazon (NASDAQ:AMZN) has some interest in an acquisition, according to sources as reported by the New York Post on Friday. A sale by CVC Capital Partners and Leonard Green & Partners could bring in more than $4 billion versus the $2.8 billion the private equity firms paid for the chain six years ago.
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A BJ’s spokesman declined comment. Amazon did not respond to request for comment.
Amazon closed at $884.67, down $11.56.
Wal-Mart in Advanced Talks to Acquire Men's Fashion Retailers Bonobos
The Rumor:
Wal-Mart (NYSE:WMT) is in advanced discussions to acquire men’s fashion retailer Bonobos, according to sources as reported by Recode on Friday. The sides have agreed on price (Bonobos was valued at $300 million in 2014) sources said.
Bonobos has more than 30 brick-and-mortar locations. Customers are fitted at these outlets and orders are delivered to their home.
Wal-Mart closed at $73.15, down $0.29.
Abbott to Now Pay $51/Share to Acquire Alere
The Revised Deal:
Abbott (NYSE:ABT) and Alere Inc. (NYSE:ALR) have amended the existing terms of their agreement and Abbott will now acquire Alere for $51.00 per share.The new expected equity value is approximately $5.3 billion, versus the original expected equity value of approximately $5.8 billion.
The transaction is expected to close by the end of Q3 of 2017.
Alere closed at $42.31, down $0.05.
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.