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Benzinga's M&A Chatter for Monday July 20, 2015


Benzinga's M&A Chatter for Monday July 20, 2015:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday July 20, 2015:

NCR Could Get $36 Bid, According to Sources

The Rumor:
Shares of NCR Corp (NYSE: NCR) spiked higher Monday, following a story from Deal Reporter that the make of ATM machines could receive a bid of $36.00 per share. Last week, Reuters reported that private equity firm Thoma Bravo was in talks with bankers regarding a bid for NCR.

NCR shares closed at $31.37 on Tuesday, a gain of more than 3.5%.

Hearing Unconfirmed Market Chatter of $67/Share Bid by Nestle for General Mills

The Rumor:
Shares of General Mills, Inc. (NYSE: GIS) popped Monday, on unconfirmed market chatter of a potential $67 per share bid by Nestle S.A. (OTC: NSRGF). General Mills earnings report, the beginning of July, was mixed.

General Mills shares closed at $56.83 Monday, a loss of $0.11.

Lockheed Martin to Acquire Sirkorsky Aircraft for $9B

The Deal:
United Technologies Corp. (NYSE: UTX) announced Monday, that it has reached an agreement to sell its Sikorsky Aircraft unit to Lockheed Martin Corp. (NYSE: LMT) for $9 billion in cash. The transaction is expected to close by the end of 2015 or in Q1 of 2016.

Lockheed Martin shares gained 1.8% Monday, closing at $204.81.

SunEdison, TerraForm Power to Acquire Vivint Solar for $2.2B

The Deal:
SunEdison, Inc. (NASDAQ: SUNE), Vivint Solar (NASDAQ: VSLR) and TerraForm Power, Inc. (NASDAQ: TERP) announced Tuesday, that SunEdison will acquire Vivint Solar for approximately $2.2 billion, or $16.50 per share, consisting of $9.89 per share in cash, $3.31 per share in SunEdison stock, and $3.30 per share in SunEdison convertible notes.

In connection with its proposed acquisition of Vivint Solar, SunEdison will acquire Vivint Solar's rooftop solar portfolio for $922 million in cash.

The transaction is expected to close in Q4 of 2015.

Vivant Solar shares gained almost 45% Monday, closing at $15.75.


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