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Benzinga's M&A Chatter for Monday May 11, 2015

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Benzinga's M&A Chatter for Monday May 11, 2015

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

Noble Energy to Acquire Rosetta Resources for $2.1B

The Deal:
Noble Energy, Inc. (NYSE: NBL) and Rosetta Resources Inc. (NASDAQ: ROSE) announced Monday, that Noble Energy will acquire all of the common stock of Rosetta in an all-stock transaction valued at $2.1 billion, plus the assumption of Rosetta's net debt of $1.8 billion as of March 31, 2015. Rosetta shareholders will receive 0.542 of a share of Noble Energy common stock for each share of Rosetta common stock held, with an implied value to Rosetta shareholders of $26.62 per share.

The deal is expected to close in Q3 of 2015.

Rosetta Resources shares closed Monday at $24.58, a gain of 27%.

Hearing Unconfirmed Market Chatter of Potential Apple Bid for BlackBerry

The Rumor:
BlackBerry Limited (NASDAQ: BBRY) shares rose Monday on unconfirmed market chatter that Apple Inc. (NASDAQ: AAPL) could be a potential buyer, paying between $15.00 and $18.00 per share, according to source. BlackBerry is the subject of frequent takeover chatter, with Lenovo (OTC: LNVGY) and Samsung (OTC: SSNLF) being mentioned most often as potential buyers.

Spokespersons for BlackBerry and Apple were not available for comment.

BlackBerry shares gained almost 6% Monday, closing at $10.46.

Exor to Sell Cushman & Wakefield to DTZ for $2B

The Deal:
EXOR (OTC: EXOSF) announced Monday, that it has agreed to sell Cushman & Wakefield to DTZ for total enterprise value of $2.042 billion. The transaction is expected to close before the end of 2015.

 

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