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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday, June 14, 2017.
General Mills Shares Spike ~$0.25 Over Last Min As Traders Circulating Takeover Chatter
The Rumor:
Shares of General Mills, Inc. (NASDAQ:GIS) spiked sharply higher Wednesday, as traders circulated unconfirmed market chatter of a potential bid from Nestle (OTC:NSRGY). General Mills was the subject of takeover rumors earlier this year, with Mondelez (NASDAQ:MDLZ) mentioned as a potential buyer.
General Mills closed at $58.75, up $0.58.
Rightside Group to be Acquired by Donuts for $10.60/Share in Cash
The Deal:
Rightside Group Ltd (NASDAQ:NAME) and Donuts Inc., announced that the two companies have entered into a merger agreement, under which Donuts will acquire Rightside for $10.60 per share in cash via a tender offer. The purchase price is approximately $213 million.
The transaction is expected to close during Q3 of 2017.
Rightside Group closed at $10.75, up $1.00.
Oclaro Said to be Preparing for Sale
The Rumor:
Shares of Oclaro, Inc. (NASDAQ:OCLR) spiked to a high of $10.06 on a report from Betaville that the biotech company is preparing to sell itself, according to sources. There was heavy activity in the June $10 call just at the time of the report.
Oclaro declined comment on the rumor, according to Bloomberg.
Oclaro closed at $9.73, up $0.25.
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.
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