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Benzinga's M&A Chatter for Wednesday February 4, 2015

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Benzinga's M&A Chatter for Wednesday February 4, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 4, 2015:

Staples Announces Acquisition of Office Depot

The Deal:
Staples, Inc. (NASDAQ: SPLS) and Office Depot, Inc. (NYSE ODP) announced Wednesday, that the companies have agreed that Staples will acquire all of the outstanding shares of Office Depot for $7.25 per share in cash and 0.2188 of a share in Staples stock, for a transaction valued at $6.3 billion. The two companies had been in talks since September 2014 and were pressured by activist investor Starboard to make a deal.

The deal is expected to close by the end of 2015.

Office Depot shares gained more than 2% Wednesday, closing at $9.48, while Staples shares lost 12%, closing at $16.73.

Trafigura Said to have Interest in Peabody

The Rumor:
Shares of Peabody Energy Corp. (NYSE: BTU) surged higher Wednesday on a report from Energy Plugged that Trafigura could make a bid for the St Louis, MO-based coal company.

A Trafigura spokesperson told Benzinga there was no basis to the rumor, while a Peabody spokesperson declined comment.

Peabody Energy shares gained almost 3% Wednesday, closing at $7.28.

ClickSoftware Reportedly for Sale for $300M

The Rumor:
Shares of ClickSoftware Technologies Ltd. (NASDAQ: CKSW) rose Wednesday, on a report from Israel's The Marker, that the company was for sale, according to sources. George Soros has a 9% stake in ClickSoftware.

ClickSoftware is said to have hired Piper Jaffray as an advisor on the sale process. A person close to the situation declined comment.

ClickSoftware shares gained more than 11% Wednesday, closing at $7.88.

Posted-In: M&A News Rumors Movers

 

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