Market Overview

Benzinga's M&A Chatter for Wednesday June 26, 2013

Benzinga's M&A Chatter for Wednesday June 26, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday June 26, 2013:

DISH Network Withdraws $4.40/Share Clearwire Tender Offer

The Withdrawal:
DISH Network (NASDAQ: DISH) announced Wednesday that its wholly-owned subsidiary, DISH Acquisition Holding Corporation, is withdrawing its tender offer to acquire all of the outstanding shares of Class A Common Stock of Clearwire Corporation for $4.40 per share. Clearwire's Special Committee recommended in favor of a $5.00 per share bid by Sprint (NYSE: S) on June 20.

Clearwire closed at $5.09 Wednesday, and traded around $5.00 after-hours.

Report Cerberus of Bid for Harris Teeter

The Rumor:
Shares of Harris Teeter (NYSE: HTSI) rose Wednesday on a report from the Wall Street Journal that Cerberus Capital Management has made a bid for the supermarket chain operator. Rumors of a sale of the company were first reported in February, with a list of potential buyers that included Kroger (NYSE: KR).

Harris Teeter closed at $47.33 Wednesday, a gain of 3% on 2.5 times average volume.

Posted-In: News Rumors M&A Movers


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