The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday December 12, 2016.
Tahoe Investment Group Offers to Acquire Alliance Healthcare for $9.60/Share in Cash
The Offer:
Alliance HealthCare Services, Inc. AIQ announced Monday it has received a letter containing a non-binding proposal from Tahoe Investment Group Co., Ltd. to acquire all of the outstanding common shares of Alliance, not currently owned by Tahoe, for $9.60 per share in cash. A Tahoe subsidiary, completed the purchase of approximately a 52 percent stake in Alliance in March.
Alliance Healthcare closed at $9.00 on Monday, up 13.21 percent.
Cimpress to Acquire National Pen for $218M
The Deal:
Cimpress NV CMPR announced an agreement to acquire National Pen Co. LLC, for approximately $218 million in cash. The transaction is expected to close as early as the end of December 2016.
Cimpress closed at $91.80 on Monday, up $0.24.
Newell Brands Acquires Sistema Plastics for $470M, Smith Mountain Industries for $100M
The Deal:
Newell Brands Inc NWL announced it has agreed to acquire New Zealand's Sistema Plastics for $470 million. In addition, Newell entered into a definitive agreement to acquire Smith Mountain Industries, for $100 million. The transactions are expected to close in H1 of 2017.
Newell Brands closed Monday at $46.48, up 2.09 percent.
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