The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday November 18 through Sunday November 20, 2016.
Boral to Acquire Headwaters for $24.25/Share in Cash
The Deal
Headwaters Inc HW announced Sunday it has entered into a binding merger agreement with Boral Limited which Boral will acquire Headwaters for $24.25 per share in cash, for an enterprise value of approximately $2.6 billion. The acquisition is expected to be completed in mid-2017.
Headwaters closed at $20.09 on Friday, down $0.12.
Allergan, TPG, Carl Zeiss Meditec in Talks to Acquire Valeant's Eye-Surgery Assets
The Rumor
Allergan Plc AGN, TPG and Carl Zeiss Meditec AG are said to be among potential bidders for Valeant Pharmaceuticals Intl Inc's VRX eye-surgery assets, according to sources as reported by Bloomberg on Friday. The Valeant assets could be worth about $2 billion the sources said.
Valeant closed at $17.95 on Friday, down $0.03.
Dana Inc to Buy Power-Transmission And Fluid Power Unit From Brevini Group For $345.29M
The Deal
Dana Inc DAN announced Friday an agreement to purchase the power-transmission and fluid power businesses of Brevini Group, with plans to initially purchase an 80 percent share and an an option to purchase the remaining 20 percent by 2020 for a total value of €325 million. The deal is expected to close in early 2017.
Dana closed Friday at $17.01, up 2.72 percent.
Symantec Reaches Deal to Acquire LifeLock
The Rumor:
Bloomberg reported Sunday that Symantec Corporation SYMC has reached a deal to acquire LifeLock Inc LOCK for $2.4 billion. The deal could be announced on Monday. Earlier, Reuters reported that Symantec was in the lead to acquire LifeLock.
LifeLock closed Friday at $20.75, up $0.03.
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