Benzinga's Weekend M&A Chatter - Altair Engineering (NASDAQ:ALTR)

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday May 1 through Sunday May 3, 2015:

TransDigm to Acquire Aerospace Business of Pexco LLC for ~$496M in CashThe Deal

TransDigm Group Incorporated

TDG

, announced Friday that it has agreed to acquire the assets of the aerospace business of Pexco LLC from of Odyssey Investment Partners, LLC, for approximately $496 million in cash. The deal includes approximately $160 million of tax benefits to be realized by TransDigm over a 15 year period beginning in 2015. TransDigm shares rose 3% Friday, closing at $218.84.

Thor Acquires Postle Aluminum for ~$144M in CashThe Deal

Thor Industries, Inc.

THO

announced Friday, it acquired Postle Operating, LLC, d/b/a Postle Aluminum Co., on May 1, 2015 for approximately $144 million, subject to post-closing adjustments. Thor shares rose 1.5% Friday, closing at $61.08.

CyrusOne a Potential Takeover Target, According to The DealThe Rumor

Shares of CyrusOne Inc.

CONE

were volatile Friday, on a report from

The Deal, that the Carrollton, TX-based data center REIT was a potential takeover target, following their April 28 acquisiiton of Cervalis. CyrusOne closed at $32.38 Friday, a loss of $.10. Altera Could Resume Sale Talks with Intel Within Weeks -NY Post The Rumor:
Shares of Altera Corp. ALTR spiked higher early Friday, following a NY Post report that talks with Intel Corporation INTC could resume within weeks. On Thursday, Reuters reported that Intel had considered a $58 per share back in February and had signed a standstill agreement that expires on June 1, 2015, according to sources. Intel later ended up offering $54, which was rejected by Altera. Intel and Altera have declined comment on Friday's report. Altera shares rose almost 10% Friday, closing at $45.76.

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