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Benzinga's M&A Chatter for Tuesday June 14, 2016


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

Broadridge Financial Solutions to Acquire DST's N. American Customer Communications Unit for $410M

The Deal:
Broadridge Financial Solutions, Inc. (NYSE: BR) announced Tuesday, it has entered into a definitive agreement to acquire the North American Customer Communications business of DST Systems, Inc. (NYSE: DST) for $410 million in cash, The transaction is expected to close in July 2016.

Broadridge Financial Solutions rose 1.79% Tuesday, to close at $64.28.

Dataram Enters into Definitive Agreement to Acquire US Gold Corp

The Deal:
Dataram Corporation (NASDAQ: DRAM) and US Gold Corp. announced Tuesday, that the companies have entered into a definitive agreement under which Dataram will acquire all of the outstanding shares of US Gold Corp and USGC subsidiaries. The Net Present Value of US Gold Corp. assets is valued at $160 million

The transaction is expected to close by the end of Q2 of FY 2017.

Dataram closed at $0.95 on Tuesday, down 32%.

Report Perrigo Near Acqusition Deal

The Rumor:
Perrigo Co. (NASDAQ: PRGO) shares spiked sharply high on Tuesday, following a report from that the OTC consumer goods and pharmaceutical products manufacturer was close to being acquired by an un-named UK company for approximately $20 billion. Perrigo shares rose as high as $111 just before the close.

A Perrigo spokesperson declined comment.

Perrigo closed at $108.13 on Tuesday, up 9.16%.


Related Articles (DRAM + BR)

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Posted-In: M&A News Rumors Management Movers

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