Market Overview

Wall Street's M&A Chatter From December 6


The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday December 6, 2016.

Synchronoss Technologies to Acquire Intralinks for $13/Share in Cash-

The Deal:

Synchronoss Technologies, Inc. (NASDAQ: SNCR) and Intralinks Holdings Inc (NYSE: IL) announced they have agreed that Synchronoss will acquire Intralinks for $13.00 per share or approximately $821 million in equity value through a cash tender offer. The deal is expected to close in Q1 of 2017.

Intralinks Holdings closed at $13.12 on Tuesday, up 16.42 percent.

GoDaddy Acquires Host Europe Group for €1.69B

The Deal:

GoDaddy Inc (NYSE: GDDY) announced it has agreed to acquire Host Europe Group for €1.69 billion or $1.79 billion, including €605 million paid to the selling shareholders and €1.08 billion in assumed net debt. The deal is expected to close in Q2 of 2017.

GoDaddy closed at $36.11 on Tuesday, up 3.94 percent.

Equinix to Acquire Verizon Data Centers for $3.6B Cash

The Deal:

Equinix Inc (Nasdaq: EQIX) announced it has agreed to purchase a portfolio of 24 data center sites and their operations from Verizon Communications Inc. (NYSE: VZ) for $3.6 billion in cash. The transaction is expected to close by mid-2017.

Equinix closed Tuesday at $329.49, down $2.49.

Belden Reiterates Proposal to Acquire Digi International for $13.82/Share in Cash; DGII Says 'there is no basis for discussions between' Board, Belden

The Offer:

Belden Inc. (NYSE: BDC) announced it has sent another letter to the Board of Directors of Digi International Inc. (NASDAQ: DGII) reiterating its offer to acquire 100 percent of Digi for $13.82 per share in cash in a transaction valued at approximately $380 million.

Digi International, commenting on the letter, stated that its Board and independent financial and legal advisors, has reviewed and rejected Belden's proposal on multiple occasions, saying it significantly undervalues Digi and is not in the best interest of the Company and its shareholders and stated that there is no basis for discussions between the two companies.

Digi Int'l closed Tuesday at $13.65, unchanged.

Posted-In: M&A News Rumors


Related Articles (DGII + BDC)

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