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Market Overview

Benzinga's M&A Chatter for Monday April 4, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday April 4, 2016:

Alaska Air Group to Acquire Virgin America for $57.00/Share in Cash

The Deal:
Alaska Air Group, Inc. (NYSE: ALK) and Virgin America, Inc. (NASDAQ: VA) confirmed Monday, that their boards approved the acquisition of Virgin America by Alaska Air Group for $57.00 per share in cash. Alaska Air reportedly bid $1 billion more than Jet Blue (NASDAQ: JBLU).

The deal is expected to close no later than January 1, 2017.

Virgin America closed at $55.11 on Monday, up 41.7%.

Repligen Acquires Atoll for $22.5M

The Deal:
Repligen Corporation (NASDAQ: RGEN) announced Monday, that it has acquired Germany's Atoll GmBH for $22.5 million in cash and stock. The purchase price includes $9.1 million in cash and 538,700 shares of Repligen common stock.

Repligen closed at $26.89 on Monday, down $0.03.

Brocade to Acquire Ruckus Wireless for $1.5B

The Deal:
Brocade (NASDAQ: BRCD) and Ruckus Wireless (NYSE: RKUS) announced Monday, that Brocade has agreed to acquire Ruckus Wireless for $1.5 billion in cash and stock. Ruckus shareholders will receive $6.45 in cash and 0.75 shares of Brocade common stock for each share of Ruckus common stock, or $14.43 per share.

Ruckus Wireless closed at $13.24 on Monday, up 32.40%.


Related Articles (BRCD + ALK)

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Posted-In: M&A News Movers

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