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Benzinga's M&A Chatter for Wednesday August 24, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday August 24, 2016:


Skullcandy Enters Merger Deal With Mill Road at $6.35/Share in Cash

The New Agreement:
Skullcandy, Inc. (Nasdaq: SKUL) announced Wednesday the termination of the previously announced merger agreement wtij Incipio and entry into a new merger agreement with entities affiliated with Mill Road Capital Management LLC. Under the new agreement, outstanding shares of Skullcandy will be exchanged for $6.35 per share in cash, approximately $196.6 million. The deal is expected to close in Q3 of 2016.

Skullcandy closed Wednesday at $6.10, up 2.49%.


ManpowerGroup Acquires Ciber Norway; Financial Terms Not Disclosed

The Deal:
ManpowerGroup (NYSE: MAN) today announced an agreement with Ciber, Inc. (NYSE: CBR) to acquire its business in Norway. Financial terms were not disclosed. The deal is expected to close later this month, pending regulatory approval.

ManpowerGroup closed at $63.62 on Wednesday, down $0.01.


TripAdvisor Reports Purchase of Citymaps; Financial Terms Not Disclosed

The Deal:
TripAdvisor (NASDAQ: TRIP) announced Wednesday, that it has acquired social mapping platform Citymaps. Terms were not disclosed.

TripAdvisor closed at $91.54 on Wednesday, up $0.02.


Related Articles (CBR + MAN)

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Posted-In: M&A News Rumors Movers