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Merger Monday As Athlon Energy Inc, Tibco Software Inc And Ambit Biosciences Corp Rally On Deal News

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Three separate deals were announced over the weekend and Monday morning:

Encana Corporation (NYSE: ECA) acquiring Athlon Energy Inc (NYSE: ATHL) for $5.93 billion in cash ($58.50 per share).

Vista Equity Partners acquiring Tibco Software Inc (NASDAQ: TIBX) for $4.3 billion in cash ($24 per share).

Daiichi Sankyo Co Ltd acquiring Ambit Biosciences Corp (NASDAQ: AMBI) for $315 million in cash ($15 per share).

In the premarket, all three stocks being acquired were sharply higher:

  • Athlon Energy up 24.65 percent at $58.25
  • Tibco Software up 21. 11 percent at $23.63
  • Ambit Biosciences up 87.80 percent at $15.40

Posted-In: News Pre-Market Outlook Markets

 

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