Market Overview

Benzinga's M&A Chatter for Thursday January 7, 2016:

Share:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 7, 2016:

Shire, Baxalta Could Announce Merger as Soon as Monday

The Rumor:
Shire Pharmaceuticals Plc (NASDAQ: SHPG) could announce a deal to acquire Baxalta International Inc (NYSE: BXLT) as early as Monday, according to sources reported by Reuters on Thursday. The sources say the purchase price will be $48 per share, with almost $20 per share being paid in cash.

Sources also said the potential tax issues, reported by Financial Times on Wednesday, would not be an obstacle.

Baxalta closed at $40.65 on Thursday, up 3.33%.

Lamar Acquires Clear Channel Outdoor Assets for $458.5M

The Deal:
Lamar Advertising Company (NASDAQ: LAMR) announced Thursday, that it has acquired the assets of Clear Channel Outdoor Holdings, Inc., (NYSE: CCO) in five U.S. markets for $458.5 million in cash. The acquisition adds more than 5,500 bulletin and poster faces.

Clear Channel Outdoor closed at $5.50 on Thursday, down 6.62%.

Telecom, Oi Begin Talks Over Merger with TIM

The Rumor:
Oi SA (NYSE: OIBR) has started talks with the controlling shareholder of TIM Participações SA (NYSE: TSU), Telecom Italia (NYSE: TI), regarding a potential merger, according to sources as reported by Reuters on Thursday. There is no indication of when the talks began and the value of potential deal is not known, the sources said.

Telecom Italia and Oi declined comment.

TIM Participações closed at $8.05 on Thursday, down 4.73%. Oi shares fell 7.55%, closing at $0.39.

Posted-In: M&A News Rumors Movers

 

Related Articles (CCO + BXLT)

View Comments and Join the Discussion!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Neptune Acquires Biodroga for $15M in Cash, Stock

TreeHouse Foods, Inc. Announces Expiration of HSR Waiting Period for the Acquisition of ConAgra's Private Brand Operations