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Benzinga's M&A Chatter for Wednesday August 7, 2013

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Benzinga's M&A Chatter for Wednesday August 7, 2013
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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday August 7, 2013:

AOL Acquires Adap.tv for $405M

The Deal:
AOL (NYSE: AOL) announced Wednesday it has agreed to acquire video ad company Adap.tv for $405 million, including $322 million in cash and $83 million in AOL stock.

The deal is expected to close in Q3 2013.

AOL closed at $36.69 Wednesday, a gain of 1.5% on 4 times average volume.

NICE to Acquire Causata

The Deal:
NICE Systems (NASDAQ: NICE) announced Wednesday that it has agreed to acquire customer experience management company Causata, a provider of real-time Big Data analytics technology.

The deal is expected to close in a few days.

NICE Systems closed at $37.52 Wednesday, a loss of 2.5% on average volume.

Report Amgen Could Buy Onyx for $130/Share

The Rumor:
Share of Onyx Pharmaceuticals (NASDAQ: ONXX) fell Wednesday while shares of Amgen (NASDAQ: AMGN) soared higher on a report from Reuters that the companies are negotiating a deal at $130 per share. According to sources, a deal could be announced within a week.

Amgen's original offer of $120 per share was rejected by the Onyx Board.

Onyx Pharmaceuticals closed at $128.21 Wednesday, a loss of almost 3% on 3.5 times average volume. Amgen shares gained almost 7%, closing at $112.40.

Posted-In: News Rumors M&A Movers

 

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