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The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 10 through Sunday July 12, 2015:
Altice CEO Considering Bid for Cablevision, CoxThe CEO Comments:
Patrick Drahi, CEO of France's Altice
ATCEY said Friday, in an interview with the
Wall Street Journal, that he may pursue bids for Cablevision Systems Corporation
CVC privately-held Cox.
Drahi reportedly held talks with Time Warner Cable Inc.
TWC prior to its announced merger with Charter Communications, Inc.
CHTR.
Cablevision shares rose more than 7% Friday, closing at $26.67.
Hearing Renewed Chatter of Potential Pfizer Bid for Bristol-Myers SquibbThe Rumor:
Shares of Bristol-Myers Squibb Company
BMY rose Friday, on renewed takeover chatter involving Pfizer Inc.
PFE. The rumored offering is said to be $80.00 per share. That rumor last surfaced in June.
Bristol-Myers has been rumored to have its sights set on Celgene Corporation
for as much as $138.00 per share.
Bristol-Myers shares rose 2% Friday, closing at $69.27.
Lockheed Martin Said to be in Advanced Talks to Acquire Sikorsky from United TechnologiesThe RumorLoading...
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Lockheed Martin Corporation
LMT is in advanced talks to acquire the Sikorsky Helicopter s from United Technologies Corp. for more than $8 billion, according to sources as reported by the
Wall Street Journal on Friday.
Reuters had reported on July 8 that Lockheed and Textron Inc.
TXT were the two finalists for the unit.
Spokespersons for Lockheed and United Technologies declined comment.
Lockheed Martin shares rose 1% Friday, closing at $194.19.
Edwards Lifesciences Enters to Acquire CardiAQ for Up to $400MThe Deal:
Edwards Lifesciences Corporation
EW announced Friday, that it has agreed to acquire privately held CardiAQ Valve Technologies, Inc., a company and developer of a transcatheter mitral valve replacement system. The purchase price is up to $400 million, including $350 million in cash at closing, and the remainder payable upon achievement of a European regulatory milestone.
Edwards Lifesciences shares rose 1.5% Friday, closing at $147.16.
Black Hills Corp. to Acquire Sourcegas Holdings for $1.89BThe Deal:
Black Hills Corp.
BKH announced Sunday it is acquiring SourceGas Holdings LLC from investment funds managed by Alinda Capital Partners and GE Unit
GE GE Energy Financial Services for total consideration of $1.89 billion. That includes reimbursement of approximately $200 million in capital expenditures through closing and the assumption of $720 million of debt projected at closing.
The deal is expected to close in H1 of 2016
Black Hills Lifesciences shares rose 1.5% Friday, closing at $46.84.
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