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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday July 2, 2014:
Facebook Acquires LiveRailThe Deal:
Facebook
FB announced Wednesday, that it has acquired advertising technology company
LiveRail. Terms of the deal were not disclosed.
Facebook shares closed Wednesday at $66.45, a loss of more than 2%.
Hearing Unconfirmed Marker Chatter of Potential Devon Bid from Chevron, $90/Share RumoredThe Rumor:
Shares of Devon Energy
DVN rose early Wednesday, on unconfirmed market chatter of a potential bid from Chevron
CVX. The rumored offer is $90.00 per share. The two companies have been mentioned previously as a possible pairing.
Spokespersons for Devon and Chevron declined comment on the rumor.
Devon Energy closed Wednesday at $78.58, a loss of $0.50.
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Kroger
KR and online retailer of healthy living products, Vitacost.com
VITC announced Wednesday a definitive merger agreement, under which Kroger will purchase all outstanding shares of Vitacost.com for $8.00 per share in cash, or approximately $280 million, through a tender offer. The deal is expected to close in Q3 of 2014.
Vitacost.com closed Wednesday at $7.97, a gain of 27%.
Report Shutterfly Hires QatalystThe Rumor:
Shares of Shutterfly
SFLY surged higher in the premarket Wednesday, on a report from
Bloomberg, that the digital photo company had hired Qatalyst Partners, to assist in a sale of the company, according to sources.
A spokesperson for Shutterfly declined comment on the report.
Shutterfly closed Wednesday at $50.00, a gain of almost 15%.
Bio-Techne to Acquire Novus for $60M in CashThe Deal:
Techne Corporation (d/b/a Bio-Techne)
TECH, announced Wednesday, that it has acquired supplier of antibodies and other reagents for life science research, Novus Biologicals for $60 million in cash. The deal was financed with cash on hand.
Bio-Techne closed Wednesday at $93.65, a loss of $0.57.
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