Market Overview

Benzinga's M&A Chatter for Thursday February 18, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday February 18, 2016:

EU to Approve $67B Dell, EMC Deal Unconditionally

The Rumor:
EU antitrust regulators are expected to approve Dell's $67 billion acquisition of EMC Corp (NYSE: EMC) without requiring concessions, according to sources as reported by Reuters on Thursday. Dell announced the deal to acquire EMC on October 12, 2015.

EMC closed at $25.12 on Thursday, up $0.14.

Lakeland Bancorp Reports Will Purchase Harmony Bank for $12.79/Share

The Deal:
The Boards of Directors of Lakeland Bancorp, Inc. (NASDSQ: LBAI) and Harmony Bank (OTC: HRMB) announced Thursday, that Harmony Bank will be merged with and into Lakeland Bank, with Lakeland Bank as the surviving bank, in a transaction valued at approximately $32.0 million, or $12.79 per share.Harmony Bank shareholders will receive 1.25 shares of Lakeland Bancorp common stock for each share of Harmony Bank common stock that they own.

Harmony Bank closed at $12.20 on Thursday, up 28.42%.

IBM Watson Health Announces Plans to Acquire Truven Health Analytics for $2.6B,

The Deal:
IBM (NYSE: IBM) Watson Health announced Thursday, plans to acquire provider of cloud-based healthcare data, Truven Health Analytics for $2.6 billion. The deal is expecte to close later this year.

IBM closed at $132.45 on Thursday, up 5.04%.

Posted-In: News Rumors M&A Movers


Related Articles (EMC + HRMB)

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