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Benzinga's M&A Chatter for Tuesday December 1, 2015

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday December 1, 2015:

Chatter of Potential Amgen Bid for Clovis

The Rumor:
Shares of Clovis Oncology (NASDAQ: CLVS) surged higher Tuesday, on unconfirmed market chatter of a potential bid from Amgen (NASDAQ: AMGN), according to sources. Shares rose as high $33.20 following the report.

Spokespersons for Amgen and Clovis were not available for comment.

Clovis shares rose 1.91% Tuesday, closing at $32.05.

Air Products Not Pursuing Bid for AirGas

The CEO Comments:
Air Products and Chemicals, Inc. (NYSE: APD) CEO Seifi Ghasemi, said at a conference on Tuesday, that the company "will not pursue a bid to acquire Airgas (NYSE: ARG)." Air Liquide had announced on November 17 that it was acquiring Air Gas for $143 per share in cash.

APD had offered $60 per share for AirGas in 2010.

Airgas rose $0.10 Tuesday, closing at $138.30.

Perion Networks Acquires Undertone for $180M in Enterprise Value

The Deal:
Perion Network Ltd. (NASDAQ: PERI) announced Tuesday, that it has acquired cross-screen advertising solutions provider, Undertone, for $180 million in total enterprise value. The deal is all-cash and will be financed with approximately $91 million in cash from Perion, $16 million as a holdback, payable in 18 months, $3 million payable in installments over the next 18 months, plus $20 million, bearing interest, due in 2020.

Perion closed at $2.40 Tuesday, up 8.6%.

Posted-In: M&A News Rumors Movers

 

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