Skip to main content

Market Overview

Benzinga's M&A Chatter for Thursday, October 27, 2016

Share:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, October 27, 2016:

CenturyLink in Advanced Talks to Merge With Level 3 Communications
The Rumor:
CenturyLink Inc. (NYSE: CTL) is said to be in advanced talks to merge with Level 3 Communications Inc. (NASDAQ: LVLT), according to sources as reported by Dow Jones on Thursday. A deal could be announced in the coming weeks, the sources said, though terms of the deal were not known.

CenturyLink closed at $31.00 on Thursday, up 9.73%.

 

Qualcomm to Acquire NXP Semiconductors for $110/Share in Cash
The Deal:
Qualcomm Incorporated (NASDAQ: QCOM) and NXP Semiconductors N.V. (NASDAQ: NXPI) announced Thursday, an agreement under which Qualcomm will acquire NXP for $110.00 per share in cash, for a total enterprise value of approximately $47 billion. A subsidiary of Qualcomm will commence a tender offer to acquire all of the issued and outstanding shares of NXP for $110.00 per share in cash.

The transaction is expected to close by the end of calendar 2017.

NXP Semiconductors closed at $99.08.16 on Thursday, up $0.42.

 

GE in Talks to Acquire Baker Hughes
The Rumor:
General Electric Co. (NYSE: GE) is said to be in talks to acquire Baker Hughes Inc. (NYSE: BHI), according to sources as reported by Dow Jones on Thursday. A deal could be valued at as much as $30 billion, the sources said.

Bloomberg later reported that a GE spokesperson said they are is in talks with Baker Hughes regarding possible partnerships, but not an acquisition. Halliburton Co. (NYSE: HAL) had attempted to acquire Baker Hughes in 2014, but the DoJ sued to block the deal valued at $35 billion.

Baker Hughes closed Thursday at $54.55 and traded as high as $65.50 after-hours.

 

Sanchez, Blackstone May Partner to Acquire Anadarko's S. Texas Assets
The Rumor:
Sanchez Energy Corp. (NYSE: SN) is said to be in talks to partner with Blackstone Group (NYSE: BX) on acquiring Anadarko Petroleum's (NYSE: APC) South Texas oil-and-gas assets, according to sources as reported by Dow Jones on Thursday. A deal for the assets could be valued at between $3 billion and $3.5 billion and could be announced in a matter of weeks, the sources said.

Sanchez Energy closed Thursday at $7.18, up 2.87%.

 

Related Articles (APC + BHI)

View Comments and Join the Discussion!

Posted-In: M&A News Rumors After-Hours Center Movers

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com