Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 19, 2013:
Report Barry Sternlicht Bid $17-$18/Share for SaksThe Rumor:
Shares of Saks
SKS spiked higher late Friday on a report from the
NY Post that Starwood's
HOT Barry Sternlicht has bid $17-$18 per share for for the retailer. Hudson's Bay, owner of Lord & Taylor, had made a similar bid. KKR
KKR and Leonard Green have also been mentioned as potential buyers.
Saks closed at $15.89 Friday, a gain of 8% on 3 times average volume.
Hearing Renewed Chatter of Euronet Bid for MoneygramThe Rumor:
Shares of Moneygram International
MGI rose Friday on renewed chatter of an offer from Euronet
EEFT. Carlyle Group
CG, Bain, TPG, and GTCR have also been mentioned as potential buyers of Moneygram, though
Deal Reporter reported on July 16 that a potential deal was off.
Spokespersons for Moneygram and Euronet were not available for comment.
Moneygram International closed at $22.06 Friday, a gain of 6.5% on 3.5 times average volume.
Qihoo 360 Talks to Acquire SogouThe Talks:
Loading...
Loading...
Shares of Qihoo 360
QIHU surged higher Friday on a report from
Reuters that the company the company is in talks with Sohu.com
SOHU to acquire the Sogou search engine for up to $1.4 billion.
A Qihoo 360 spokesperson told
Reuters talks were still in the preliminary stage.
Qihoo 360 closed at $58.34 Friday, a gain of 1.5% on 1.5 times average volume.
Apple Acquires HopStop, LocationaryThe Deals:
Apple
AAPL has acquired online transit navigation service View
HopStop, according to
Bloomberg and location data startup
Locationary, according to
AllThingsD. The acquisitions are an attempt to keep pace with Google
GOOG Maps and correct the problems associated with the launch of their own Apple Maps.
Apple closed at $424.95 Friday, a loss of 1.5% on lower than average volume.
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in