Skip to main content

Market Overview

Benzinga's M&A Chatter for Tuesday December 31, 2013

Share:
Benzinga's M&A Chatter for Tuesday December 31, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday December 31. Chen Guangbiao Says he is Meeting with New York Times Next Week

The Rumor:
Shares of The New York Times (NYSE: NYT) were volatile for a second day on Tuesday, following Monday's chatter of a possible takeover deal being put together by Chinese businessman Chen Guangbiao. Chen told a Times reporter that he had set up a meeting with Times representatives next week in New York, though spokesperson Eileen Murphy, said there was no information about such a meeting.

On Monday, Murphy, in an email to Benzinga, reiterated comments by Chairman, Arthur Sulzberger, Jr that The New York Times is not for sale.

The New York Times closed Tuesday at $15.87, a loss of more than 1%.

Stryker to Acquire Patient Safety Technologies for $2.22/Share in Cash

The Deal:
Patient Safety Technologies (OTC: PSTX) announced Tuesday, an agreement to be acquired by Stryker Corporation (NYSE: SYK) for $2.22 per common share in cash, or $120 million. The deal is expected to close in Q1 2014.

Patient Safety Technologies closed Tuesday at $2.20, a gain of 48%.

 

Related Articles (NYT + PSTX)

View Comments and Join the Discussion!

Posted-In: M&A News Rumors Movers

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com