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Benzinga's M&A Chatter for Wednesday February 11, 2015

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Benzinga's M&A Chatter for Wednesday February 11, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 11, 2015:

Rite Aid to Acquire Envision Pharmaceutical Services for $2B

The Deal:
Rite Aid (NYSE: RAD) and Envision Pharmaceutical Services announced Wednesday, that Rite Aid will acquire TPRG portfolio company, EnvisionRx, for approximately $1.8 billion in cash and $200 million in Rite Aid stock, or approximately 27.9 million shares.

The transaction is expected to close by September, 2015.

Rite Aid shares gained 6.5% Wednesday, closing at $8.08.

Fiat Chrysler CEO Open to Merger

The CEO Comments:
Shares of Fiat Chrysler Automobiles N.V. (NYSE: FCAU) spiked higher Wednesday on a report from Financial Times, that CEO Sergio Marchionne was open to a possible merger, but said no talks have been held yet. One source reported that Marchionne's top choices for a merger partner would be Volkswagen (OTC: VLKAY) or GM (NYSE: GM).

Fiat Chrysler shares lost $0.05 Wednesday, closing at $13.77.

Twitter Acquires Niche, No Terms Disclosed

The Deal:
Twitter, Inc. (NYSE: TWTR) has acquired Niche, a professional network for social media creators. Terms of the deal were not disclosed.

Twitter shares closed Wednesday at $47.50, a gain of 2.5%.

 

Related Articles (GM + FCAU)

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Posted-In: M&A News Rumors Management Movers

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