Benzinga's M&A Chatter for Tuesday June 16, 2015

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday June 16, 2015:
Blackstone, Carlyle Group in Joint Bid to Acquire NCR for $10B Including DebtThe Rumor
:

Blackstone Group LP
BX
and Carlyle Group LP
CG
are said to be preparing a joint offer for NCR Corp
NCR
, in an LBO valued at more than $10 billion, including debt, according to sources reported by
Reuters
. Apollo Global Management LLC
APO
Thoma Bravo LLC are reportedly also considering offers for the manufacturer of cash registers. Activist Jana Partners took an initial stake of 7.1% in February. In April it was reported the company was exploring strategic options. Spokespersons for NCR, Carlyle and Blackstone did not respond to requests for comment. NCR shares rose 10.71% Tuesday, to close at $34.73.
Hearing Unconfirmed Market Chatter of Potential Merck Bid for AlkermesThe Rumor
:

Shares of Alkermes plc
ALKS
spiked higher Tuesday on unconfirmed market chatter of a potential bid from Merck
MRK
. The offer is said to be $12.4 billion, according to sources. Alkermes declined comment on the rumor. Merck did not respond to request for comment. Alkermes shares gained 10% Tuesday, to close at $64.52.
Metalico Agrees to Sell Company to Total Merchant for $105MThe Deal
:
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The Board of Directors of Metalico, Inc. (NYSE MKT:
MEA
) has agreed to sell the Company to Total Merchant Limited for approximately $105 million in cash, including a payment to Metalico's stockholders of $0.60 for each share of Metalico common stock owned by them as of the date of closing. The deal is expected to close in Q3 of 2015. Metalico shares gained 48% Tuesday, closing at $0.55
Details of Coty Acquisition of P&G Beauty Business to be Finalized in 2 WeeksThe Rumor
:

Shares of Coty Inc.
COTY
rose to all-time highs on Tuesday, on a report from
Reuters
that its acquisition of P&G's
PG
beauty business for $12 billion may be finalized in two weeks or more, according to sources. The transaction would be completed through a Reverse Morris trust, for tax purposes. The
NY Post
reported on Monday, that Coty had acquired P&G's beauty products business for $12 billion. Coty shares gained more than 19% Tuesday, closing at $31.08.
Cinedigm May be Attracting Bids from Multiple SuitorsThe Rumor
:

Shares of Cinedigm Corp.
CIDM
Spiked higher Tuesday, on a report from
Bloomberg
that they have hired Evolution Media Capital to assist in handling potential offers, according to sources. Cinedigm is said to have received interest from both domestic and international entertainment companies looking to bolster their digital strategies or to gain a public stock listing, said one of the people, with at least two of the companies submitting an offer. Relativity Media is said to be one of the companies showing an interest. Shares of Cinedigm gained 4.5% Tuesday, closing at $0.92.
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Posted In: NewsRumorsM&AMovers
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