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 GOOGL announced on Thursday it is acquiring cloud software company Apigee Corp 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 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 GOOGL, Microsoft MSFT, Amazon AMZN, Salesforce CRM and Apple 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%.
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