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Benzinga's M&A Chatter for Wednesday December 10, 2014

Benzinga's M&A Chatter for Wednesday December 10, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday December 10, 2014

Hearing Unconfirmed Market Chatter of Potential BHP Bid for Mosaic at $56/Share

The Rumor:
Shares of The Mosaic Company (NYSE: MOS) rose Wednesday, on unconfirmed market chatter of a potential bid from BHP Billiton Limited (NYSE: BHP) of $56.00 per share. Sources report Mosaic is considering the offer.

A Mosaic spokesperson declined comment on the rumor. A BHP spokesperson was unavailable for comment.

Mosaic shares closed Wednesday at $45.91, a gain of 1%.

Report of Potential $15B Bid for TIM

The Rumor:
Shares of TIM Participacoes S.A. (TSU) spiked higher Wednesday, following a Bloomberg report that Oi SA (NYSE: OIBR), Telefonica SA (NYSE: TEF) and Claro SA are planning to make an offer that would value TIM at around $15 billion, according to sources. Oi has agreed to sell its Portuguese assets to Altice SA ahead of a potential deal.

Spokespersons for the parties declined comment on the report.

TIM Participacoes shares closed Wednesday at $23.49, a gain of $1.27.

Tyco Acquires Industrial Safety Technologies For $329.5M In Cash

The Deal:
Tyco International plc (NYSE: TYC) announced Wednesday that it has agreed to acquire maker gas and flame detection gear, Industrial Safety Technologies, from Battery Ventures, for $329.5 million in cash. The transaction is expected to close in Tyco's FY Q2.

Tyco closed Wednesday at $42.40, a loss of 2%.

Posted-In: M&A News Rumors Movers


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