The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday April 16, 2015:
CollabRx, Medytox to MergeThe Deal:
CollabRx, Inc. (NASDAQ:
CLRX) and Medytox Solutions (OTC:
MMMS) announced Thursday, that they have entered into a definitive merger agreement. Under the agreement, CollabRx equityholders will own a 10% stake in the combined company and Medytox equityholders will own 90% of the combined company.
CollabRx shares rose 9% Thursday, closing at $1.14.
Macerich's Fourth Largest Shareholder Wants Plan to Produce as Much Value as Rejected Simon BidThe Shareholder Comments:
The Macerich Company (NYSE:
MAC) shareholder, Cohen & Steers Inc (NASDAQ:
CNS) asked Macerich to come up with a plan to deliver the same value as was offered by Simon Property Group Inc (NYSE:
SPG), when they offered $95.50 per share. Cohen & Steers' Executive Chairman Martin Cohen told
Reuters on Wednesday, that he favored Simon's offer, which was rejected by Macerich.
A Macerich spokesman declined to comment on the Cohen comments. Macerich shareholders Land and Buildings and Orange Capital also expressed their dissatisfaction at the rejected Simon offer in a letter to Macerich Chairman and CEO Art Coppola.
Macerich shares gained $0.69 Thursday, closing at $82.99.
Report Says Intel May be Leaning Toward XilinxThe Rumor:
Shares of Xilinx Inc. (NASDAQ:
XLNX) rose Thursday, on a
Deal Reporter story that Intel Corporation (NASDAQ:
INTC) might be leaning toward an acquisition of Xilinx, versus the previously rumored Altera Corp (NASDAQ:
ALTR).
The
Wall Street Journal first reported on March 27, that Intel was in talks to acquire Altera. Those talks reportedly ended without an agreement, when Altera rejected a $54.00 per share offer, according to sources.
Xilinx shares gained $0.43 Thursday, closing at $44.33. Alter shares lost $0.07, closing at $43.35.
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