Market Overview

Benzinga's Weekend M&A Chatter


The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday May 20 through Sunday May 22, 2016:

Report Yahoo Bid Expected to Bid Only $2B-$3B for Core Business

The Rumor:
Verizon Communications Inc. (NYSE: VZ) and others are expected to bid around $2 billion to $3 billion for Yahoo Inc.'s (NASDAQ: YHOO) core Internet business, according to sources as reported by the Wall Street Journal on Friday. That's about 50% of the previous estimates of $5 billion to $8 billion.

Last week Quicken Loans founder Dan Gilbert, with backing from Berkshire Hathaway Inc. (BRK.A) chairman Warren Buffett, has entered the bid process for Yahoo. Other potential buyers include TPG Capital and Bain Capital.

CNBCs David Faber said on Friday, the Wall Street Journal was 'completely wrong' regarding Yahoo's $2 billion to $3 billion bid figure. Faber said "no one has seen numbers of that type."

Yahoo fell 1.4% Friday to close at $36.50.

EU Regulators Said to Conditionally Approve AB Inbev Acquisition of SABMiller

The Rumor:
EU antitrust regulators are said to conditionally approve Anheuser-Busch InBev's $100 billion-plus takeover of SABMiller (OTC: SBMRY), according to sources as reported by reported by Reuters on Friday. AB InBev agreed to sell SABMiller's Peroni, Grolsch and Meantime beer brands to Asahi Group, in order to satisfy concerns of the regulator.

Anheuser-Busch InBev closed at $121.99 on Friday, down $0.36.

Aixtron May Sell Assets to Chinese Buyers

The Rumor:
A Chinese private equity fund, backed by Hong-Kong's Buttonwood Finance is in talks to acquire Aixtron SE (NASDAQ; AIXG), according to sources as reported by Bloomberg on Friday. The sources said a deal could value Aixtron at approximately $695 million.

Aixtron declined comment on the rumor.

Aixtron closed at $5.48 on Friday, up 9.6%.


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