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Benzinga's M&A Chatter for Tuesday January 27, 2015

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Benzinga's M&A Chatter for Tuesday January 27, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 27, 2015:

Lattice Semiconductor to Acquire Silicon Image Through All-Cash Tender Offer of $7.30/Share

The Deal:
Lattice Semiconductor Corporation (NASDAQ: LSCC) and Silicon Image, Inc. (NASDAQ: SIMG) announced Tuesday, that Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, for an equity value of approximately $600 million.

The transaction is expected to close by the end of March 2015.

Silicon Image shares gained 23% Tuesday, closing at $7.29. Lattice Semiconductor shares gained 10%, closing at $7.30.

Huron to Acquire Studer for $323M Cash, $2M in Huron Common Stock

The Deal:
Huron Consulting Group Inc. (NASDAQ: HURN) announced Tuesday, that it has entered into an agreement to acquire professional services firm Studer Group for $325 million, including $323 million in cash and $2 million in Huron common stock.

The transaction is expected to close in February 2015,

Huron Consulting shares closed Tuesday at $75.84, up almost 6%.

Marriott to Acquire Delta Hotels and Resorts for ~$135M

The Deal:
Marriott International, Inc. (NASDAQ: MAR) announced Tuesday, it has agreed to acquire the Delta Hotels and Resorts brand and management and franchise business from Delta Hotels Limited Partnership for approximately $135 million.

The deal is expected to close in Q2 of 2015.

Marriott International shares lost 1% Tuesday, closing at $78.61.

Informatica in Contact With Potential Buyers, According to Sources -DJ

The Rumor:
Shares of Informatica Corporation (NASDAQ INFA) spiked higher Tuesday, on a report from The Wall Street Journal, that the company is working with Qatalyst Partners on a potential sale.

Elliott Associates reported an 8.3% stake on Monday and stated in the filing it was pushing for a sale of the company.

Informatica shares rose 5% Tuesday, closing at $43.12.

 

Related Articles (HURN + LSCC)

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Posted-In: M&A News Rumors Hedge Funds Management Movers General

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