Benzinga's M&A Chatter for Wednesday May 1, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday May 1, 2013: Ebix to be Acquired by Goldman Sachs Affiliate for $20/Share in Cash The Deal:
Ebix announced Wednesday that it has entered into a merger agreement to be acquired by a Goldman Sachs affiliate in a transaction valued at approximately $820 million. Under the terms of the agreement, Ebix shareholders will receive $20.00 per share in cash. The transaction is expected to close in Q3 2013. Ebix closed at $20.60 Wednesday, a gain of 10.5% on almost 9 times average volume. Yahoo Ends Bid to Acquire Dailymotion The Bid Withdrawal:
Yahoo YHOO has ended its bid to acquire a 75% stake in France's Dailymotion video website. France's Industry Minister, Arnaud Montebourg, said he wanted the deal between Yahoo and France Telecom's Orange to be a 50-50 split. Yahoo closed at $24.30 Wednesday, a loss of 1.74% on lower than average volume. 3D Systems Acquires RPDG The Deal:
3D Systems DDD announced Wednesday that it has acquired Rapid Product Development Group, a provider of on-demand additive and traditional manufacturing services. In connection with the acquisition of RPDG, 3D Systems raised its 2013 annual revenue and non-GAAP earnings per share guidance to revenue in the range of $460 million to $510 million and non-GAAP EPS in the range of $1.05 to $1.20 per share. 3D Systems closed at $37.67 Wednesday, a loss of almost 1.5% on higher than average volume. Anheuser-Busch InBev Commences $9.15/Share Cash Tender Offer for Grupo Modelo Shares It Does Not Already Own The Tender Offer:
Anheuser-Busch InBev BUD announced Wednesday that a wholly-owned subsidiary is commencing the previously announced tender offer for all outstanding shares of Grupo Modelo, not already owned by AB InBev, for $9.15 per share in cash. The tender offer will expire May 31, 2013, at 2:00 PM, Mexico City time, unless extended. Anheuser-Busch InBev closed at $94.89 Wednesday, a loss of $0.73 on average volume.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsRumorsM&AGlobalAfter-Hours CenterMovers
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!