Market Overview

Benzinga's M&A Chatter for Monday February 9, 2015

Benzinga's M&A Chatter for Monday February 9, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday February 9, 2015:

Tahoe Resources to Acquire Rio Alto Mining in $1.12B Cash, Stock Deal

The Deal:
Tahoe Resources Inc. (NYSE: TAHO) and Rio Alto Mining Limited (NYSE: RIOM) announced Monday, that they have agreed to combine their respective businesses. Under the terms of the Arrangement Agreement, all of the Rio Alto issued and outstanding common shares will be exchanged on the basis of 0.227 of a Tahoe common share and C$0.001 in cash per Rio Alto share.

The deal requires approval by at least 66 2/3 percent of the votes cast by the shareholders of Rio Alto shareholders at a special meeting.

Rio Alto Mining shares gained 11% Monday, closing at $2.93.

Report of Potential LG Chem Bid for First Solar

The Rumor:
Unconfirmed market chatter surfaced Monday, regarding a potential bid for First Solar, Inc. (NASDAQ: FSLR) from South Korea's LG CHEM LTD SHS (OTC: LGCLF).

Spokespersons for the two companies were not immediately available for comment.

First Solar shares lost more than 1% Monday, closing at $46.33.

Icahn Enterprises Announces Purchase of Assets of Uni-Select USA Inc

The Deal:
Icahn Enterprises L.P. (NYSE: IEP) announced Monday, that it has agreed to acquire substantially all of the assets of auto parts distributor, Uni-Select USA, Inc. (OTC: UNIEF). The transaction includes the Beck/Arnley Worldparts premium OE parts distribution business, but excludes the FinishMaster paint and coatings business.

Icahn Enterprises closed Monday at $100.83, a gain of $0.39.


Related Articles (FSLR + IEP)

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Posted-In: M&A News Rumors Movers