Market Overview

Benzinga's M&A Chatter for Wednesday February 3, 2016

Share:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 3, 2016:

ChemChina Offers to Acquire Syngenta for $43B

The Offer:
Syngenta announced Wednesday, that ChemChina has offered to acquire the company for $465 per ordinary Swiss share, plus a special dividend of CHF5 per share to be paid conditional upon and prior to closing. Swiss and U.S. tender offers will begin in the coming weeks. The deal is expected to close by the end of the year.

Syngenta closed at $80.23 on Wednesday, up 2.11%.

Ming Yang Enters Into Definitive Merger Agreement for Going Private Transaction

The Going Private Transaction:
China Ming Yang Wind Power Group Limited (NYSE: MY) announced Wednesday, that it will be acquired by a consortium of investors including Chairman and CEO Chuanwei Zhang for $408 million. Under the agreement, each of MY's ordinary shares and ADS's will be cancelled in exchange for the right to receive $2.51 in cash.

The merger is expected to close during H1 of 2016.

China Ming Yang Wind Power closed at $2.33 on Wednesday, up 14.78%.

IAC/InterActiveCorp Said Ready to Make Another Bid for Angie's List

The Rumor:
Bary Diller's IAC/InterActiveCorp (NASDAQ: IACI) is expected to make another offer for Angie's List (NASDAQ: ANGI), according to a report from the NY Post late Tuesday. IAC already owns rival home improvement site Homeadvisor.com.

In November, Diller offered $8.75 per share for Angie's List.

Angie's List closed at $9.48 on Wednesday up 13.53%.

Lions Gate May Restart Talks With Starz Regarding Possible Acquisition

The Rumor:
Advisors for Lions Gate Entertainment Corp. (NYSE: LGF) are talking with advisors for Starz (NASDAQ: STRZA) regarding a potential takeover deal, according to sources as reported by Bloomberg on Wednesday. The discussions are said to be at an early stage, ahead of LGF's earnings report on Thursday.

Liberty Media's (NASDSAQ: LMCA) John Malone, who has stakes in both Lions Gate and Starz, is pushing for a merger of the companies for tax purposes. AMC Networks (NASDAQ: AMCX) is said to have had an interest in acquiring Starz as well.

Lions Gate closed at $25.63 on Wednesday, up 1.75%. Starz rose 1.81% to close at $29.19.

Posted-In: M&A News Rumors Movers

 

Related Articles (AMCX + ANGI)

View Comments and Join the Discussion!

Earnings Scheduled For February 4, 2016

Sumner Redstone To Step Down As Head Of CBS; Moonves To Assume Role