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Benzinga's M&A Chatter for Wednesday August 12, 2015

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday August 12, 2015:

Pearson to Sell 50% Stake in The Economist Group for £469M in Cash

The Deal:
EXOR S.p.A. (OTC: EXOSF) has agreed to purchase 27.8% of The Economist Group's Ordinary shares for consideration of £227.5 million and all of the B special shares for consideration of £59.5 million from Pearson (NYSE: PSO). Pearson's remaining Ordinary shares will be repurchased by The Economist Group for a total consideration of £182 million.

The transaction is expected to close during the fourth quarter of 2015.

Pearson closed at $17.96 on Wednesday, up $0.05.

United Online Sells Classmates for $30M in Cash

The Deal:
United Online, Inc. (NASDAQ: UNTD) announced Wednesday, that it has completed the sale of Classmates to Intelius Holdings, Inc. for $30 million cash, subject to a post-closing working capital adjustment.

United Online closed at $12.26 Wednesday, a gain of 2.77%.

Markit to Acquire CoreOne Technologies for ~$200M

The Deal:
Markit (NASDAQ: MRKT), announced Tuesday, that it has agreed to acquire the provider of regulatory reporting, index management, data management and prime brokerage services to financial institutions, CoreOne Technologies for approximately $200 million. The deal is expected to close in Q4.

Markit closed at $28.36 Wednesday, a gain of almost 5%.

FIS to Acquire SunGard in Cash, Stock Deal With Enterprise Value of $9.1B

The Deal:
FIS (NYSE: FIS) announced Wednesday, that it has signed a definitive agreement to acquire SunGard for cash and stock, valuing the company at an enterprise value of $9.1 billion, including the assumption of SunGard debt. The deal is expected to close in Q4.

FIS shares closed at $70.75 Wednesday, up 8.73%.

Posted-In: M&A News Rumors Movers

 

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