Market Overview

Benzinga's M&A Chatter for Thursday April 14, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday April 14, 2016:

Hearing Tivo, Rovi Still in Active Merger Talks

The Rumor:
Rovi Corp. (NASDAQ: ROVI) and TiVo Inc. (NASDAQ: TIVO) are still involved in merger talks, according to sources reported by Bloomberg on Thursday. The two sides are attempting to resolve differences over valuation and intellectual property, the sources said.

A Tivo spokesperson declined to comment, wile Rovi did not respond to a request for comment.

Tivo closed at $9.27 on Thursday, up $0.04. Rovi shares fell $0.01, to close at $17.97.

Anheuser Busch Inbev, South African Government Agree on Concessions Ahead of Proposed Acquisition of Sabmiller

The Concessions:
Anheuser-Busch InBev (NYSE: BUD) announced Thursday, it will Invest 1 billion rand, or $69 million to support small South African farmers, along with other committments to the South African government, in order

to obtain regulatory approval for its more than $100 billion takeover of SABMiller (OTC: SBMRY). Also included, is an agreement for a five-year freeze on layoffs, made with the South African Ministry of Economic Development.

Anheuser-Busch InBev said it expects the agreements will speed up the approval process.

Anheuser-Busch InBev closed at $125.73 on Thursday, up 2.87%. Shares of Molson Coors, which is buying the 58% stake in the Molson Coors joint venture, soared 3% to close at $95.

Carlyle in Talks to Buy Package of Assets from Halliburton, Baker Hughes

The Rumor:
Carlyle Group LP (NASDAQ: CG) is said to be in talks to acquire a package of oilfield-services assets from Halliburton Co. (NYSE: HAL) and Baker Hughes Inc. (NYSE: BHI), according to sources reported by Dow

Jones on Thursday. The assets could be valued at more than $7 billion, the sources said. The companies had been previously in talks with GE (NYSE: GE) regarding the assets but a price could not be agreed upon.

Halliburton and Baker Hughes are under pressure to divest assets in order to receive approval for their $35 billion merger. The Justice Department filed a lawsuit last week to block the merger.

Baker Hughes closed at $43.18 on Thursday, up 4.55%.

Synaptics Said to Push for Deal With China Investor

The Rumor:
Synaptics Inc. (NASDAQ: SYNA), is said to be in talks with with a Chinese investment group that includes insurance companies, financial institutions and a fund backed by BOE Technology, according to to sources as reported by Bloomberg on Thursday. The two sides are negotiating a price, said to be around $110 per share.

Synaptics and BOE declined comment on the rumor.

Synaptics closed at $87.21 on Thursday, up 7.31%.

Posted-In: M&A News Rumors Movers


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Earnings Scheduled For April 15, 2016

Source: Relypsa Said To Have Dropped M&A Advisor Centerview Partners