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Benzinga's M&A Chatter for Thursday June 11, 2015

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Benzinga's M&A Chatter for Thursday June 11, 2015

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

HealthSouth to Acquire Operations of Reliant Hospital Partners for $730M

The Deal:
HealthSouth Corporation (NYSE: HLS) announced Thursday. it has entered into an agreement to acquire the operations of Reliant Hospital Partners, LLC and affiliates for $730 million in cash. The deal was approved by both companies' boards of directors and is expected to close in 2015.

HealthSouth shares gained 9.5% Thursday, to close at $47.41.

Hess to Sell 50% Interest in Bakken Midstream Assets for $2.675B

The Deal:
Hess Corporation (NYSE: HES) announced Thursday, that it has agreed to sell a 50% stake in its Bakken midstream assets to Global Infrastructure Partners for $2.675 billion in cash, creating a joint venture. The joint venture will pursue a proposed initial public offering.

The deal is expected to close in Q3 2015.

Hess shares rose 36% Thursday, closing at $77.35.

Homeinn Receives "Going Private" Offer Of $32.81/ADS

The Going Private Offer:
Homeinns Hotel Group (NASDAQ: HMIN) announced Thursday, that its Board of Directors has received a non-binding proposal letter, dated June 11, 2015, from BTG Hotels, Poly Victory Investments Limited, Ctrip.com International, Ltd., Neil Nanpeng Shen, Co-Founder and Co-Chairman of the Board of the company, James Jianzhang Liang, Co-Founder and Director and Chairman of the Board of Directors and CEO of Ctrip.com International Ltd. (NASDAQ: CTRP), and David Jian Sun, CEO and Director of the company, proposing a "going-private" transaction to acquire all of the outstanding ordinary shares of Homeinns not already owned by the Buyer Group for $32.81 per ADS in cash.

Homeinns shares gained almost 4% Thursday, closing at $31.35.

Report Dish in Talks With Banks About Funding for T-Mobile US Bid

The Rumor:
Shares of Dish Network (NASDAQ: DISH) and T-Mobile US (NYSE: TMUS) spiked higher after-hours on Thursday, on a report from the Wall Street Journal that Dish has been speaking with banks in order to line-up $10 billion to $15 billion in funding for a potential deal, according to sources.

Reports first surfaced on June 4, that the two companies were in merger talks.

Shares of T-Mobile US ended the regular session at $38.12 on Thursday, and traded over $40.00 after-hours. Dish shares closed at $72.79 and traded over $74.00 in the extended session.

 

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