Market Overview

Benzinga's M&A Chatter for Tuesday January 20, 2015

Benzinga's M&A Chatter for Tuesday January 20, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 20, 2015

Hearing Unconfirmed Renewed Takeover Chatter in 3D Systems

The Rumor:
Shares of 3D Systems Corporation (NYSE: DDD) spiked higher in early trading Tuesday on unconfirmed market chatter that General Electric Company (NYSE: GE) and International Business Machines Corporation (NYSE: IBM) could offer in the $50's per share for 3D.

A spokesperson for 3D Systems told Benzinga that the company's strategy has not changed,,,"we we plan to continue to be leaders and innovators and grow to be one of the 800 lb gorillas in the industry." Spokespersons for IBM and GE were not available for comment.

3D Systems shares closed Tuesday at $29.32, a gain of 2%.

EnergyPlugged Reports India's ONGC Could be in Talks to Acquire Chesapeake Energy

The Rumor:
Shares of Chesapeake Energy Corporation (NYSE: CHK) surged higher Tuesday, on a report from, that India's energy giant Oil and Natural Gas Corporation Limited could be in talks to acquire Chesapeake, according to industry sources.

Spokespersons for Chesapeake and ONGC did not respond to requests for comments.

Chesapeake Energy shares gained $0.05 Tuesday, closing at $19.08.

Salix Working With Centerview Partners to Explore Options, Including Sale

The Rumor:
Shares of Salix Pharmaceuticals Ltd. (NASDAQ: SLXP) spiked higher Tuesday, following a report from Reuters, that the company has hired Centerview Partners to explore options, including a potential sale. The stock was halted briefly on a circuit-breaker.

A Salix spokesperson declined to comment. Centerview Partners did not immediately respond to a request for comment.

Salix Pharmaceuticals shares gained 4.5% Tuesday, closing at $125.83.

Hearing Orbitz Exploring Potential Sale

The Rumor:
Shares of Orbitz Worldwide (NYSE: OWW) spiked higher Tuesday, on a report from Bloomberg that the company was exploring a potential sale and has hired a financial advisor, according to sources. Shares were halted briefly on a circuit-breaker. Google, Inc. (NASDAQ: GOOGL) is being mentioned as a potential buyer.

An Orbitz spokesperson declined comment on the rumor.

Orbitz Worldwide shares gained 8.5% Tuesday, closing at $9.95.

Posted-In: News Rumors M&A Movers


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