Market Overview

Wall Street's M&A Chatter From November 25-27


The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday November 25 through Sunday November 27, 2016.

Johnson & Johnson Confirms Discussions With Actelion Regarding Potential Acquisition

The Discussions

Johnson & Johnson (NYSE: JNJ) confirmed Friday it's engaged in preliminary discussions regarding a potential takeover of Actelion Ltd (OTC: ALIOF). Actelion confirmed the talks earlier in the day.

Johnson & Johnson closed at $114.13 on Friday, up almost 1 percent.

ChemChina Said to be Seeking Financing for Syngenta Deal Ahead of New Restrictions

The Rumor

Shares of Syngenta AG (ADR) (NYSE: SYT) traded higher Friday, following a report from the Wall Street Journal that China is putting tighter restrictions on Chinese companies seeking to invest overseas. Foreign acquisitions of greater than $10 billion are among the deals facing scrutiny, sources said.

ChemChina agreed to purchase the Swiss pesticide and seed company in February for $43 billion. Earlier this month, ChemChina extended the tender offer for Syngenta until January 5, 2017. EU regulators announced they will make their decision on the deal by March 15.

Syngenta closed at $77.18 on Friday, up $0.19.

Luxottica Executes Call Option to Buy 63.2% Of Salmoiraghi & Vigano; Expected to Close in Q1 2017

The Deal

Luxottica Group SpA (ADR) (NYSE: LUX) announced Friday it had exercised an option to acquire the remaining 63.2 percent stake in Salmoiraghi & Vigano. The deal is expected to close in Q1 of 2017.

Luxottica closed Friday at $51.68, down $0.17.

Posted-In: M&A News Rumors


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