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Bemzinga's Weekend M&A Chatter


The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday July 29 through Sunday July 31, 2016:


Consortium Including Affiliates Of Giant Agrees to Acquire Playtika from Caesars Interactive Entertainment for $4.4B

The Deal:
A consortium, including an affiliate of Shanghai Giant Network Technology and private equity firm Yunfeng Capital, founded by Alibaba's (NYSE: BABA) Chairman Jack Ma, announced Staurday it has entered into a definitive agreement with Caesars Interactive Entertainment, Inc. (NASDAQ: CZR) to acquire Playtika for $4.4 billion in cash.

Playtika will continue to operate independently out of its headquarters in Herzliya, Israel.

Caesars closed at $6.90 on Friday, down 2%.


PE Firms Looking to Acquire Hewlett Packard Enterprise Software Assets Worth $6B-$8B

The Rumor:
Private equity firms, including KKR (NYSE: KK), Apollo (NYSE: APO) and Carlyle Group (NASDAQ: CG) are seeking to acquire certain software assets from Hewlett Packard Enterprise Co (NYSE: HPE), according to sources reported by Reuters on Friday. Earlier in the day, The Information reported those firms might make a bid for all of HPE.

Hewlett Packard Enterprise declined comment on the report, while KKR, Apollo and Carlyle did not comment.

Hewlett Packard Enterprise closed at $21.02 on Friday, up 3.5%.


SABMiller Board Intends to Unanimously Recommend Anheuser-Busch InBev Offer The Recommendation:
SABMiller plc (OTC: SBMRY) announced Friday, that its board intends to recommend the revised and final terms of the proposed combination announced by Anheuser-Busch InBev SA/NV (NYSE: BUD) on July 26, 2016. AB InBev announced on that date it was raising its offer for SABMiller from £44 to £45.

SABMiller and AB InBev shareholders still need to approve the deal.

AB InBev closed Friday at $129.44, up 2.8%. Molson Coors (NYSE: TAP) shares rose 4.51% to close at $102.16.


Statoil to Acquire Petrobras' 66% Operated Interest of BM-S-8 Offshore Licence in Brazil's Santos Basin for $2.5B

The Deal:
Statoil ASA (NYSE: STO) and Petróleo Brasileiro S.A. (NYSE: PBR) announced Friday, that Statoil will acquire Petrobras' 66% operated interest of the BM-S-8 offshore licence in Brazil's Santos basin, including a substantial part of the Carcará oil discovery. The sale price for the interest $2.5 billion, with half paid upon closing of the transaction and the remainder being paid upon certain milestones being met.

Petrobras closed Friday at $8.68, up 7.69%.


NextEra Energy to Acquire Energy Future Holdings' Interest in Oncor Electric Delivery Company; Deal Enterprise Value is $18.4B

The Deal:
NextEra Energy, Inc. (NYSE: NEE) announced Friday that newly formed subsidiary of NextEra Energy will acquire 100% of the equity of reorganized Energy Future Holdings Corp. for a total enterprise value of approximately $18.4 billion. The agreement is part of EFH's overall plan of reorganization, to allow it to emerge from Chapter 11 bankruptcy.

NextEra Energy closed Friday at $128.29, up $0.87.


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