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Benzinga's M&A Chatter for Thursday February 4, 2016

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday February 4, 2016:

Lions Gate Informs Starz of Intention to Explore Combination of Two Companies

The Potential Merger:
Lions Gate (NYSE: LGF) confirmed in a 13D filing on Thursday, that it has informed Starz (NASDAQ: STRZA), that it intends to explore a potential mutually beneficial combination of the two companies.

Bloomberg reported on Thursday that the two companies were in preliminary discussions regarding a potential deal.

Starz closed at $31.23 on Thursday, up 7%. Lions Gate closed at $25.45 and traded as low as $23.81 after-hours following their earnings report.

Ingredion to Acquire Shandong Huanong Specialty Corn Development Co.

The Deal:
Ingredion Incorporated (NASDAQ: INGR) announced Thursday, that it has entered an definitive agreement to acquire the state-owned Shandong Huanong Specialty Corn Development Co., Ltd. in Pingyuan County, Shandong Province, China. Terms were not disclosed.

Ingredion closed at $99.15 on Thursday, down 1%.

Multi-Fineline Electronix Announces Agreement to be Acquired by Suzhou Dongshan Precision Manufacturing Co for $23.95/Share in Cash

The Deal:
Multi-Fineline Electronix, Inc. (NYSE: MFLX) and Suzhou Dongshan Precision Manufacturing Co., Ltd., announced Thursday, that they have entered into a definitive merger agreement providing for DSBJ's acquisition of MFLX for $23.95 per share in cash. The deal is expected to close in Q3 of FY 2016.

Multi-Fineline Electronix closed at $16.43 on Thursday, and traded as high as $24.00 after-hours.

Honeywell Acquires Xtralis for $480M

The Deal:
Honeywell (NYSE: HON) has agreed to acquire the provider of aspirating smoke detection, Xtralis, for $480 million from funds advised by Pacific Equity Partners and Blum Capital Partners. The transaction is expected to close in Q2 of 2016.

Honeywell closed at $102.55 on Thursday, up $0.39.

Honeywell Acquires Xtralis for $480M

The Rumor:
Honeywell (NYSE: HON) has agreed to acquire the provider of aspirating smoke detection, Xtralis, for $480 million from funds advised by Pacific Equity Partners and Blum Capital Partners. The transaction is expected to close in Q2 of 2016.

Honeywell closed at $101.93 on Thursday, up 2.45%.

Posted-In: M&A News Rumors Movers

 

Related Articles (HON + INGR)

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