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Benzinga's M&A Chatter for Friday April 12, 2013

Benzinga's M&A Chatter for Friday April 12, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday April 12, 2013:

Dell Investor Southeastern Asset Management Hires Proxy Firm

The Filing:
Dell (NASDAQ: DELL) investor Southeastern Asset Management, announced in a 14A filing Friday, it had hired a proxy solicitation firm to prepare for the possibility that there will be no superior offer. Southeastern had sent a letter to the Dell Board indicating that the $13.65 per share offer from Michael Dell significantly undervalued the company and they would oppose the transaction.

Dell closed at $14.09 Friday, a gain of $0.06 on lower than average volume.

Dish Reportedly Considering Merger with T-Mobile USA

The Rumor:
Shares of Dish Network (NASDAQ: DISH) surged higher late Friday, on a report from Bloomberg that the company had approached Deutsche Telekom (OTC: DTEGY) about a possible bid for T-Mobile USA. Deutsche Telekom reportedly may consider a deal with Dish, after the MetroPCS (NYSE: PCS) merger is completed.

A spokesperson for Dish Network declined comment.

Dish Network closed at $37.63 Friday, a gain of $1.00 on almost twice average volume.

Hearing VF Corp Interested in Fifth & Pacific's Lucky, Juicy Brands

The Rumor:
Fifth & Pacific (NYSE: FNP) has attracted interest from VF Corp (NYSE: VFC) and some private equity firms, for its Lucky Brand and Juicy Couture labels, according to a report from Bloomberg. On April 3, Dow Jones reported that FNP was considering a sale of the two brands.

A spokesperson for Fifth & Pacific was not available for comment.

Fifth & Pacific closed at $21.33 Friday, a gain of 1.5% on average volume.

Ebay's Pal Pal Acquires Iron Pearl

The Deal:
Ebay's (NASDAQ: EBAY) Pay Pal unit, disclosed in a blog Thursday, it had acquired Pao Alto startup Iron Pearl. Terms were not disclosed.

Ebay closed at $57.31 Friday, a loss of $0.47 on lower than average volume.

Life Technologies Acquires KDR Biotech

The Deal:
Life Technologies (NASDAQ: LIFE) announced Friday, the acquisition of KDR Biotech, a leading reagents distributor based in Seoul, Korea. KDR Biotech has been Life's primary reagent distributor in Korea since 1982. Terms of the deal were not disclosed, other than all current KDR Biotech employees in the main office in Seoul and throughout Korea will become part of Life Technologies Korea and CEO, Arnold Kim, will also serve as an external advisor to Life Technologies during the transition.

Life Technologies closed at $68.00 Friday, a gain of 1.8% on 1.5 times average volume.

Posted-In: News Rumors Management Insider Trades Global After-Hours Center Movers


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