Market Overview

Benzinga's M&A Chatter for Wednesday March 16, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday March 16, 2016:

Renewed Takeover Chatter in Salesforce.

The Rumor:
Shares of (NYSE: CRM) rose Wednesday, on renewed chatter of a potential bid from Microsoft (NASDAQ: MSFT). Back in October 2015, talk circulated of a bid of $91.00 per share for the company founded and headed by Marc Benioff.

Spokespersons for Salesforce and Microsoft were not available for comment. closed at $72.73 on Wednesday, up 1.44%.

China Nepstar Chain Drugstore to be Acquired for $2.62/ADS in Cash

The Deal:
China Nepstar Chain Drugstore Ltd. (NYSE: NPD) announced Wednesday, that it has entered into a definitive agreement with China Neptunus Drugstore Holding Ltd. and Neptunus Global Limited, to be acquired for $2.62 per

ADS. The merger is expected to close during Q3 of 2016.

China Nepstar closed at $2.45 on Wednesday, up 2.51%.

Coherent to Acquire ROFIN-SINAR for $32.50/Share in Cash

The Deal:
Coherent, Inc. (NASDAQ: COHR) and ROFIN-SINAR Technologies, Inc. (NASDAQ: RSTI) announced Wednesday, that their Boards have unanimously approved an agreement under which Coherent will acquire ROFIN for $32.50 per share in cash, in a transaction valued at approximately $942 million. The deal is expected to close within six to nine months.

ROFIN-SINAR closed at $22.91 on Wednesday Down $0.03.


Related Articles (COHR + CRM)

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