Market Overview

Benzinga's M&A Chatter for Wednesday July 20, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday July 20, 2016:

Hearing Unconfirmed Market Chatter of Merck Interest in OpGen

The Rumor:
Shares of OpGen (NASDAQ: OPGN) surged higher Wednesday on unconfirmed market chatter of a potential takeover by Merck (NYSE: MRK), according to "sources." A source familiar with the matter said a deal told Benzinga that Merck's GHI arm has an existing relationship with OpGen and a deal would would not be a surprise. But traders cited a July 11 filing showing Merck registering to sell OpGen shares.

OpGen investor relations told Benzinga the company does not comment on market speculation. Merck did not respond to requests for comment.

OpGen closed at $3.80 on Wednesday, up 140.68%.


Konecranes Offers to Sell STAHL CraneSystems in Order to Get EC Approval for Terex MHPS Business Acquisition

The Sale:
In relation to the acquisition of Terex's (NYSE: TEX) MHPS business, Konecranes (OTC: KNCRY) announced Wednesday, it has offered the potential divestiture of its STAHL CraneSystems business in order to address the EC's concerns in the supply of hoists in the EEA.

Konecrane's President and CEO Panu Routila said "we believe that this offer will fully resolve the Commission's concerns and that we are able to proceed with the MHPS Acquisition." Konecranes announced on May 16, 2016 it was acquiring the MHPS business from Terex for €1.126 billion.

Terex closed at $21.54 on Wednesday, up $0.07.


Unilever Acquires Dollar Shave Club

The Deal:
Unilever (NYSE: UL) announced late Tuesday, that it has signed an agreement to acquire Dollar Shave Club. Terms of the transaction were not disclosed.

The transaction is expected to close during Q3.

Unilever closed Wednesday at $46.96, down $0.02.


F.N.B. Corp Near Deal to Acquire Yadkin Financial

The Rumor:
F.N.B. Corporation (NYSE: FNB) is said to be in advanced talks to acquire Yadkin Financial Corp (NYSE: YDKN) in an all-stock deal, according to sources as reported by Reuters on Wednesday. The deal could be announced as early as Thursday, the sources said.

Neither company responded to requests for comment.

Yadkin Financial closed Wednesday at $25.95, unchanged.

Posted-In: M&A News Rumors Movers


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