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Wall Street's M&A Chatter From November 29

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday November 29, 2016.

WGL Said to Consider Sale Following Receipt of Interest from Iberdrola

The Rumor:

WGL Holdings Inc. (NYSE: WGL) is said to be considering a sale after receiving takeover interest from Spain’s Iberdrola SA, according to sources as reported by Bloomberg. The companies have held preliminary talks, the sources said.

Representatives for the parties declined comment on the rumor.

WGL closed at $75.21 on Tuesday, up 8.97 percent.

Pilgrim's Pride to Purchase GNP Company for $350M in Cash

The Deal:

Pilgrim's Pride Corporation (Nasdaq: PPC) announced it planned to acquire premium branded chicken products provider, GNP Company, for $350 million in cash. The deal is expected to close during Q1 of 2017.

Pilgrim's Pride closed at $18.30 on Tuesday, up 1.78 percent.

Praxair Confirms Approaching Linde AG Regarding Potential Merger of Equals

The Confirmation:

Praxair, Inc. (NYSE: PX) confirmed Tuesday that it has approached Linde AG (OTC: LNEGY) about resuming merger talks. Praxair said there would be no further comment at this time.

Earlier, Linde confirmed it had received a proposal from Praxair.

Praxair closed Tuesday at $122.18, up 2.94 percent.

Posted-In: News Rumors M&A

 

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