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Benzinga's M&A Chatter for Wednesday February 10, 2016

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 9, 2016:

Hearing Chatter of Potential Tencent Offer for LinkedIn

The Rumor:
Shares of LinkedIn (NYSE: LNKD) rose Wednesday, following unconfirmed market chatter of a potential big from China's Tencent (OTC: TCEHY). The rumored offer, accordidng to "sources" is between $120 and $125 per share.

Spokespersons for LinkedIn and Tencent did not immediately respond to requests for comment.

LinkedIn closed at $101.76 on Wednesday, up $0.78.

Opera Confirms Buyout Offer from Chinese Group Including Qihuoo 360

The Deal:
Opera Software ASA (OTC: OPESY) announced Wednesday, that it has reached an agreement to be acquired by a consortium of investors, Qihoo 360 Software (NYSE> QIHU). The deal is valued at approximately $1.2 billion.

Opera closed at $15.49 on Wednesday, up 40%.

Mylan to Acquire Meda for $9.9B

The Deal:
Mylan N.V. (NASDAQ: MYL) announced Wednesday, a recommended public offer to the shareholders of Meda Aktiebolag (OTC: MDABY) to tender all their shares in Meda to Mylan for SEK 165 per Meda share, for a total value of $9.9 billion. The offer has been unanimously approved by Mylan's board of directors and unanimously recommended by Meda's board of directors and is expected to be completed by the end of Q3 of 2016.

Mylan closed at $50.54 on Wednesday, and traded down 9% after-hours.

 

Related Articles (MYL + LNKD)

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Posted-In: M&A News Rumors Movers

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