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Benzinga's Weekend M&A Chatter

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Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday October 3 through Sunday Ocober 5, 2014:

BD to Acquire CareFusion for $12.2B in Cash, Stock

The Deal:
Becton, Dickinson and Company (NYSE: BDX) and CareFusion Corporation (NYSE: CFN) announced Sunday, a definitive agreement under which BD will acquire CareFusion for $58.00 per share in cash and stock, or a total of $12.2 billion. CareFusion shareholders will receive $49.00 in cash and 0.0777 of a share of BD for each share of CareFusion, for a total of $58.00 per CareFusion share based on BD's closing price as of October 3, 2014.

The deal is expected to close in H1 of calendar year 2015.

CareFusion shares closed Friday at $46.17, a gain of almost 2%.

Hearing Unconfirmed Takeover Chatter in Mead Johnson

The Rumor:
Shares of Mead Johnson Nutrition Company (NYSE: MJN) rose Friday, following a report Friday from
Financial Times, that France's Danone (OTC: DANOY), maker of Dannon Yogurt, was in talks to sell its medical nutrition unit to Germany's Fresnius (OTC: FSNUF), in deal that could value the business at as much as €3 billion, according to sources.

Mead Johnson is also seen as a potential takeover target in the sector.

Mead Johnson shares gained 2.5% Friday to close at $96.54.

Report Platform Specialty Products in Talks to Acquire Arysta Lifescience

The Rumor:
Platform Specialty Products Corp. (NYSE: PAH) is in advanced talks to acquire Arysta LifeScience Ltd. for around $3.5 billion, according to . Sources say a deal could be reached in the next few weeks.

Bill Ackman's Pershing Square owns a 24% stake in Platform Specialty Products.

Platform Specialty Products closed Friday at $27.01, a gain of 5.5%.

Yahoo Acquires MessageMe

The Deal:
The maker of messaging app MessageMe has been acquired, by Yahoo! Inc. (NASDAQ: YHOO), as confirmed on the company web site on Friday. MessageMe says the application will be shutting down as of November 7, 2014.

According to a report from WSJ on Friday, Yahoo was also planning an investment in Snapchat, according to sources, that would value the disappearing message company at ~$10 billion. Snapchat has 100 million uers and almost no revenue.

Yahoo shares closed Friday at $41.03, a gain of more than 1%.

 

Related Articles (BDX + CFN)

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Posted-In: M&A News Rumors Movers

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