Market Overview

Benzinga's M&A Chatter for Thursday September 8, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday September 8, 2016:

Google to Purchase Apigee for $17.40/Share

The Deal:
Google (NASDAQ: GOOGL) announced on Thursday it is acquiring cloud software company Apigee Corp (NASDAQ: APIC) for about $625 million, or $17.40 per share. The transaction is expected to close by the end of 2016.

Apigee closed Thursday at $17.41, up 6.55%.


Twitter Said To Have 'No Bids On The Table'

The Rumor:
Shares of Twitter (NASDAQ: TWTR) fell sharply Thursday, as CNBC reported that Thursday's Board meeting won't include discussion about a possible sale. There has been mention of potential interest from Google (NASDAQ: GOOGL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN), Salesforce (NYSE: CRM) and Apple (NASDAQ: AAPL), but there are said to be no bids on the table, according to sources.

Twitter closed at $18.70 on Thursday, down 5.89%.


Apollo Endosurgery, Lpath Sign Merger Agreement;
<i>The Deal</i>:<br>- Lpath, Inc. (NASDAQ: LPTN) and Apollo Endosurgery, Inc. announced Thursday, that they have entered into a definitive merger agreement under which the security holders of Apollo would become the majority owners of Lpath. Lpath will issue new shares of its common stock or rights to acquire its common stock to Apollo security holders. 
The deal is expected to close in Q4 of 2016.
Lpath closed at $2.47 on Thursday, up 6.18%.

Posted-In: M&A News Rumors Movers


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