Benzinga's M&A Chatter for Monday May 5, 2014
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday May 5, 2014:
TripAdvisor Acquires Tripbod
TripAdvisor announced Monday it has acquired travel community Tripbod. Employees of Tripbod will operate out of the TripAdvisor London office.
Terms were not disclosed.
TripAdvisor closed Monday at $84.71, a gain of 2.50%.
Nordion Shareholders to Receive $12.25/Share in Connection with Previously Announced Acquisition by Sterigenics
Nordion (NYSE: NDZ) announced Monday that it has entered into an amendment to the previously announced proposed acquisition by Sterigenics of all the issued and outstanding common shares of Nordion. Under the Amended Agreement, Nordion shareholders will now be entitled to a cash consideration of $12.25 per share. That's an increase of $0.50 per share from the offer of $11.75 per share announced by Nordion on March 28.
All other terms of the Arrangement Agreement remain unchanged.
Nordion closed Monday at $12.39, a gain of 7%.
Staples to Acquire PNI Digital Media C$1.70 Per Share in Cash
The deal is expected to close in Q4 of PNI's FY 2014.
PNI Digital Media closed Monday at $1.55, a gain of 31%.
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