Benzinga's M&A Chatter for Wednesday September 11, 2013
The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday September 11, 2013:
KKR, Sycamore, Other PE Bidders Looking at Joint Bid for Part of Jones Group
Shares of Jones Group (NYSE: JNY) spiked higher Wednesday on a report from Dow Jones that several private equity firms were considering a joint bid for the apparel company including KKR (NYSE: KKR) and Sycamore Partners. In July, it was reported the Jones Group was considering a sale of all or part of the company. Buckingham said that a sale of the company in its entirety was unlikely due to its valuation.
A spokesperson for Jones Group was not available for comment.
Jones Group closed Wednesday at $24.16, a gain of 1%.
Mill Road Offers $20/Share in Cash for RG Barry
Shares of R.G. Barry (NASDAQ: DFZ) rose Wednesday on a 13D filing from Mill Road saying they offering $20 per share in cash for the footwear maker. "On September 11, 2013, the Management Company sent the letter attached hereto as Exhibit 4 to the Issuer's Board of Directors. In the letter, the Management Company and its affiliated funds offered to acquire all shares of the Common Stock at a cash price of $20.00 per share."
R.G. Barry closed at $52.41 Wednesday, gaining $0.13.
Lockheed Martin Acquires Amor Group
Lockheed Martin (NYSE: LMT) announced Wednesday the acquisition of Amor Group, a UK company specializing in IT solutions for the energy, transport and public services sectors.
Terms of the deal were not disclosed.
Lockheed Martin closed at $126.57 Wednesday, a gain of 1.2%.
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