Market Overview

Benzinga's M&A Chatter for Monday, October 17, 2016


The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday, October 17, 2016:

Hearing Unconfirmed Takeover Chatter in Abercrombie & Fitch
The Rumor:
Shares of Abercrombie & Fitch (NYSE: ANF) spiked to a high of $16.15 Monday, following takeover chatter circulating. "Sources" said private equity firms could bid as much as $27 for the clothing retailer.

Abercrombie & Fitch closed at $15.568 on Monday, down 1.08%.

Roche Could have Sights Set on Illumina Following Recent Selloff
The Rumor:
Shares of Illumina (NASDAQ: ILMN) surged higher Monday, following a report from Betaville that the genomics company might be a takeover target for Roche (OTC: RHHBY). Illumina shares fell 30% last week following a cut in guidance. Thermo Fisher (NYSE: TMO) has also been mentioned in the past as a potential buyer.

Illumina closed at 140.93 on Monday, up 2.09%.

21Vianet Shares Rise on Renewed Takeover Chatter
The Rumor:
Shares of 21Vianet (NASDAQ: VNET) spiked to a high of $7.24 Monday, following unconfirmed chatter that the company could be taken private. A consortium, consisting of Chen Sheng, Kingsoft and Tsinghua Unigroup withdrew its "going private" proposal for the largest carrier-neutral Internet and data center service provider in China back in July.

21Vianet closed Monday at $6.97, up 1.68%.

Posted-In: News Rumors M&A Movers


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