Market Overview

Benzinga's M&A Chatter for Thursday March 13, 2014

Benzinga's M&A Chatter for Thursday March 13, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday March 13, 2014:

Market Chatter of AMC Interest in WWE

The Rumor:
Shares of WWE (NYSE: WWE) spiked higher Thursday on unconfirmed market chatter of interest from AMC Networks (NASDAQ: AMCX) in acquiring the company. Sources say the deal could be in the mid-to-high $2B range.

Spokespersons for WWE and AMC were not available for comment.

WWE closed Thursday at $29.75, after hitting an all-time high of $31.98.

Apollo Global Management Considers Bid for Dave & Buster's

The Rumor:
Bloomberg reported on Thursday that Apollo Global Management (NYSE: APO) is looking at a possible bid to acquire food and enetertainment chain Dave & Buster's, according to sources. The current owner, Oak Hill Capital Partners is reportdly seeking about $1 billion for the company. Apollo purchased Chuck E Cheese owner, CEC Entertainment, last month.

Spokespersons for the parties declined comment on the report.

pollo Global Management closed Thursday at $32.13, a loss of almost 1.5%.

Wedbush Says Chelsea Therapeutics is a Takeover Target

The Analyst Note:
Shares of Chelsea Therapeutics (NASDAQ: CHTP) surged higher Thursday and kept going, following a note from Wedbush that the biotech company and maker of Northera, is a potential takeover target.

A spokesperson for Chelsea Therapeutics was not available for comment.

Chelsea Therapeutics closed Thursday at $5.95, a gain of 14%.

Posted-In: News Rumors M&A Movers


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