Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 1 through Monday July 4, 2016:

Thor Acquires Jayco for $576M

The Deal:
Thor Industries, Inc. THO announced Friday that it had acquired Jayco, Corp. for approximately $576 million in cash. Jayco becomes a wholly owned subsidiary of Thor. Harley-Davidson closed at $54.25 on Friday, up 19.76%.

Thor closed Friday at $69.18, up 6.86%.

Honeywell to Acquire Intelligrated for $1.5B

The Deal:
Honeywell HON announced Friday, it has signed an agreement to acquire Intelligrated for $1.5 billion from a company backed by the Permira funds. The acquisition of the privately held, supply chain and warehouse automation company is expected to close by the end of Q3.

Honeywell closed Friday at $116.50, up $0.18.

Chatter Circulating of Possible KKR Interest in Harley-Davidson

The Rumor:
Shares of Harley-Davidson HOG surged higher Friday, after Benzinga reported chatter of a potential takeover offer from KKR KKR. Harley-Davidson later issued a statement, saying they would not comment on market rumors and speculation.

Raymond James said a KKR purchase of Harley-Davidson is unlikely.

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Posted In: NewsRumorsM&AMovers
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