Market Overview

Benzinga's Weekend M&A Chatter


The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday March 24, through Sunday March 27, 2016:

Bass Pro Shops Among Potential Buyers for Cabela's

The Rumor:
Cabela's has allowed several potential buyers, including rival Bass Pro Shops, to view its financial records, according to sources as reported by the NY Post on Thursday. The outdoors retailer began seeking bids for its credit-card business last month and could soliicit offers for the entire company as well, the sources said.

Paul Singer's took an 11% stake in Cabela's in October and has been pressing the company to consider options, including a sale.

Cabela's closed at $47.24 on Thursday, up 3.87%.

Tivo, Rovi Said to be in Merger Talks

The Rumor:
TiVo is in talks to be acquired by Rovi, according to sources as reported by the NY Times Dealkbook on Thursday. A note from Jefferies says TiVo could be worth $11.00 to $15.50 per share in a takeover.

A spokesman for TiVo declined to comment, while Rovi did not respond to a request
for comment.

Tivo closed at $9.45 on Thursday, up 23.37%.

Microsoft Executives Said to be in Talks With Potential Yahoo Investors

The Rumor:
Microsoft Corp (NASDAQ: MSFT) executives are said to be in early-stage talks with potential investors to provide financing for a takeover of Yahoo Inc (NASDAQ: YHOO), according to a source as reported by Reuters on Sunday. The talks resulted from private equity firms approaching Microsoft with interest in deal for the Sunnyvale, CA Internet company.

Microsoft declined comment on the report.

Yahoo closed at $34.86 on Thursday, up $0.06.

Qlik Technologies Said to be Considering Sale

The Rumor:
Qlik Technologies Inc (NASDAQ: QLIK) is said to be exploring strategic alternatives, including a potential sale, according to sources as reported by Reuters on Friday. The sources said Qlik is working with Morgan Stanley on the possible sale.

Elliott Management recently reported an 8.8% stake in Qlik and is pushing for a takeover by a larger tech company.

Qlik, Elliott and Morgan Stanley declined comment on the matter, according to Reuters.

Qlik closed at $26.69 on Thursday, up 1%.

Posted-In: M&A News Rumors Movers


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