Benzinga's Weekend M&A Chatter

Loading...
Loading...
The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday August 14 through Sunday August 16, 2015:
Wuxi Pharmatech to be Acquired in 'Going Private' Transaction for $46.00/ADSThe Deal
:

WuXi PharmaTech (Cayman) Inc.
WX
announced Friday, that it has entered into a definitive Agreement and Plan of Merger with New WuXi Life Science Limited and WuXi Merger Limited, to be acquired for $46 per ADS, or approximately $3.3 billion in cash. The merger is expected to close during Q4 2015. Wuxi Pharmatech closed at $43.86 on Friday, a gain of 6%.
Spectra Energy Bidding for Williams Companies, According to SourcesThe Rumor
:

Spectra Energy Corp
SE
, is attempting to acquire the whole of Williams Companies Inc
WMB
Loading...
Loading...
, according to sources as reported by
Reuters
on Friday. The sources report that Kinder Morgan Inc
KMI
though it might encounter antitrust issues. Initial bids were submitted by potential buyers in late July, with final bids for Williams due the last week of August, say the sources. Williams Companies closed at $52.23 Friday, a gain of 1.77%.
Country Style Cooking Reports Prelim. Non-Binding Go Private Offer at $5.23/ADS in CashThe 'Going Private' Offer
:

Country Style Cooking Restaurant Chain Co., Ltd
CCSC
announced Friday, that its Board of Directors has received a non-binding proposal letter, dated August 14, 2015, from Hong Li, Co-Founder and Chairwoman of the Board, Mr. Xingqiang Zhang, Co-Founder, CEO and Director of the Company, and Sky Success Venture Holdings Limited, proposing a "going-private" transaction to acquire all of the outstanding ordinary shares of the company not already owned by the potential buyers or their respective affiliates for $5.23 in cash per ADS. The Board has formed a special committee and authorized them to retain independent legal and financial advisors to assist in evaluating the proposal. Country Style Cooking shares rose 7% Friday, closing at $4.71.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsRumorsM&AMovers
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...