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Benzinga's M&A Chatter for Wednesday February 17, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 17, 2016:

Fandango to Acquire Flixster, Rotten Tomatoes from Warner Bros

The Deal:
Comcast Corp.'s (NASDAQ: CMCSA) Fandango has reached an agreement to acquire Flixster and Rotten Tomatoes from Time Warner Inc.'s (NYSE: TWX) Warner Bros. Fandango will remain part of Comcast's Universal Filmed Entertainment Group, while Warner Bros. will receive a minorty stake.

Time Warner closed at $39.64 on Wednesday, up 47.53%.

Jumei Reports Receipt Of Preliminary Non-Binding 'Going-Private' Proposal of $7/ADS

The Offer:
Jumei International Holding Limited (NYSE: JMEI) announced Wednesday, that its board of directors has received a non-binding proposal letter from Founder, Chairman, and CEO Leo Ou Chen, Co-founder Yusen Dai, and the Sequoia funds, proposing a "going-private" transaction to acquire all of the outstanding ordinary shares of Jumei not already owned by the buyers for $7.00 in cash per ADS.

Jumei's Board says no decisions have been made with respect to the company's response to the proposal.

Jumei closed at $6.32 on Wednesday, up 8.22%.

Ingram Micro to be Acquired By Tianjin Tianhai/HNA Group for $38.90/Share

The Deal:
Ingram Micro Inc. (NYSE: IM) and Tianjin Tianhai Investment Company, Ltd. announced Wednesday, that Tianjin Tianhai will acquire Ingram Micro for $38.90 per share in cash, for a deal ith an equity value of approximately $6.0 billion. Upon close of the merger, Ingram Micro will become a part of HNA Group, the largest shareholder of Tianjin Tianhai.

Ingram Micro closed at $29.65 on Wednesday, and traded as high as $38 after-hours.

Posted-In: M&A News Rumors Movers


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