Market Overview

Benzinga's M&A Chatter for Thursday January 21, 2016

Share:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 21, 2015

Xenoport Exploring Sale

The Rumor:
Xenoport Inc (NASDAQ: XNPT) is said to be in the early stages of exploring a potential sale, according to sources as reported by Reuters on Thursday. The sources say Xenoport is working with an investment bank on the potential sale and has contacted potential buyers.

Xenoport has not immediately responded to a request for comment.

Xenoport closed at $17.50 up 29.73%.

IBM Confirms Purchase of Ustream

The Deal:
IBM (NYSE: IBM) announced Thursday, it has acquired cloud-based live video streaming service provider Ustream. Financial terms were not disclosed.

IBM closed at $123.01 on Thursday, up 0.94%.

Foxconn Offers ~$5.3B to Acquire Sharp

The Rumor:
Foxconn (OTC: HNHPF) has offered $5.3 billion to Japan's Sharp Corp. (OTC: SHCAY), according to sources as reported by the Wall Street Journal late Wednesday. Sharp has received bailouts from Japanese banks and has a ¥510 billion loan due to be repaid in March.

Foxconn and Sharp declined comment.

Sharp's US ADR closed up 13% Thursday, at $1.13.

Posted-In: News Rumors M&A Movers

 

Related Articles (IBM + HNHPF)

View Comments and Join the Discussion!

Earnings Scheduled For January 22, 2016

American Express Q4 Net Income Drops 36%; Plans To 'Aggressively' Streamline Operations