Market Overview

Wall Street's M&A Chatter From December 16-18

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday, December 16, through Sunday, December 18, 2016.

Hearing JAB Holding in Talks to Acquire Dunkin' Brands

The Rumor:

Shares of Dunkin Brands Group Inc (NASDAQ: DNKN) spiked to a high of $56.13 on Friday, as traders circulated unconfirmed market chatter that European investment fund JAB Holding Co. is in talks to acquire the coffee chain for approximately $67 per share or $6 billion. Earlier this year, a group led by JAB acquired Keurig Green Mountain for $92 per share.

Dunkin' Brands closed at $55.44 on Friday, up 3.47 percent.

Stifel Commenting That They Believe Finisar Will Acquire Oclaro For $13/Share

The Analyst Comments:

Stifel commented that it believes Finisar Corporation (NASDAQ: FNSR) will acquire Oclaro, Inc. (NASDAQ: OCLR) for $13 per share. That's more than a 50 percent premium for the closing price of $8.61 on December 15.

Oclaro is a provider of optical components and modules for the long-haul, metro and data center markets.

Oclaro closed Friday at $9.23, up 7.08 percent.

CBS Considering Bid for Sony Pictures

The Rumor:

CBS Corporation (NYSE: CBS) head Les Moonves flew to Japan in an attempt to acquire Sony Pictures (NYSE: SNE), according to sources as reported by the New York Post on Sunday. CBS has been rumored to be seeking other tie-ups since Shari Redstone withdrew her proposal for a merger with Viacom, Inc. (NASDAQ: VIAB) last week.

CBS closed Friday at $64.54, up $0.51.

Fairfax Financial to Acquire Allied World for $54/Share in Cash and Stock

The Deal:

Fairfax Financial Holdings Limited (OTC: FRFHF) and Allied World Assurance Company Holdings, AG (NYSE: AWH) have entered into a merger agreement, under which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World for $54.00 per share, including $10.00 per share in cash and $44.00 per share in Fairfax stock.

Allied World closed Friday at $45.77, up $0.27.

Posted-In: M&A News Rumors

 

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