Market Overview

Benzinga's M&A Chatter for Tuesday September 11, 2012


The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday September 11, 2012:

Mellanox Reports B‌eing Approached Multiple Times by Potential Buyers

The Offers:
Mellanox Technologies (NASDAQ: MLNX) reported Tuesday that the company has been approached multiple times by potential buyers, according to CEO Eyal Waldman speaking to Reuters.

Oracle (NASDAQ: ORCL) currently has a 10% stake in Mellanox, Fidelity owns 14%.

Mellanox Technologies closed at $102.41 Tuesday, a gain of 0.75% on 2.5 time saverage volume.

Monster Worldwide Says Still in Sale Process

The Rumor:
A Monster Worldwide (NYSE: MWW) spokesperson told Benzinga Tuesday the company is still in talks to sell itself. There was chatter last week that the company was in the final stages of a bidding process that might include Microsoft (NASDAQ: MSFT), Oracle (NASDAQ: ORCL), News Corp (NASDAQ: NWSA) and (NYSE: CRM).

There was a sharp selloff in Monster shares at around 10:45am. The Monster spokesperson had no news to account for the move.

Monster Worldwide closed at $7.91 Tuesday, a loss of 2.94% on 2.5 times average volume.

Blog Post Says Pfizer Could Buy Amarin

The Rumor:
Pfizer (NYSE: PFE) could buy Amarin (NASDAQ: AMRN), according to the blog

Spokespersons for Amarin and Pfizer were not available for comment.

Amarin closed at $13.56 Tuesday, a loss of 5.90% on 1.5 times average volume.

Posted-In: News Rumors M&A After-Hours Center Movers


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