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Benzinga's M&A Chatter for Monday September 29, 2014

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Benzinga's M&A Chatter for Monday September 29, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday September 29:

TIBCO to be Acquired by Vista Equity for $24/Share in Cash

The Deal:
TIBCO Software Inc. (NASDAQ: TIBX) announced Monday, that it has agreed to be acquired by Vista Equity Partners for $24.00 per share in cash, for a total of approximately $4.3 billion, including assumption of net debt. The deal is expected to close in Q4 of 2014.

TIBCO Software shares closed Monday at $20.15, a gain of more than 50%.

Einstein Noah Restaurant to be Acquired by JAB for $20.25/Share in Cash

The Deal:
Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL) and JAB Holding Company announced Monday an agreement under which a JAB affiliate will acquire Einstein Noah Restaurant Group for $20.25 per share in cash, for a total diluted equity value of approximately $374 million. Under the terms of the merger agreement, an affiliate of JAB will commence a tender offer to acquire all Einstein Noah Restaurant Group common stock at $20.25 per share in cash.

David Einhorn's Greenlight Capital, which owns more than 35% of Einstein Noah Restaurant Group, has agreed to tender its shares in support of the transaction.

Einstein Noah Restaurant shares closed Monday at $20.15, a gain of more than 50%.

Encana to Acquire Athlon Energy for $58.50/Share in Cash, Deal Valued at $7.1B

The Deal:
Encana Corporation (NYSE: ECA) and Athlon Energy Inc. (NYSE: ATHL) announced Monday, that the companies have agreed that Encana will acquire all of the issued and outstanding shares of common stock of Athlon by means of an all-cash tender offer for US$5.93 billion or $58.50 per share, and Encana will assume Athlon's $1.15 billion of senior notes, for a total transaction value of approximately US$7.1 billion.

The transaction is expected to close by the end of 2014.

Athlon Energy shares gained almost 25% Monday to close at $58.32.

Report Computer Sciences to Explore Leveraged Buyout

The Rumor:
Shares of Computer Sciences Corporation (NYSE: CSC) surged higher Monday, on a report from Bloomberg that the company has contacted private-equity firms, including Blackstone Group LP (NYSE: BX) and Bain Capital LLC, regarding a potential leveraged buyout, according to sources.

Spokespersons for Computer Sciences Corporation, Bain and Blackstone declined comment on the rumor.

Computer Sciences Corporation closed Monday at $59.62, a gain of more than 5%.

Report Iron Mountain in Takeover Talks with Recall

The Rumor:
Shares of Iron Mountain Inc. (NYSE: IRM) spiked as high as $34.31 Monday, on a report from Bloomberg that the company was in takeover talks with Australia's Recall Holdings Limited (OTC: RCLHF), according to sources.

Recall holdings later issued a statement saying it was not in talks with Iron Mountain or another potential buyer.

Iron Mountain closed Monday at $33.90, a gain of more than 6%.

Posted-In: M&A News Rumors Movers

 

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