Wall Street's M&A Chatter From February 8

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday, February 7, 2017.

Tesaro Attracts Takeover Interest

The Rumor:

Tesaro Inc TSRO is talking to investment banks, including Citigroup, after receiving takeover interest from several pharma companies, according to sources as reported by Reuters. The sources, however, said Tesaro isn't actively exploring a sale.

Tesaro closed Wednesday at $182.68, up 12.11 percent.

Henkel in talks to buy Sealed Air’s pro cleaning unit

The Rumor:

Henkel is said to be in talks to acquire Sealed Air Corp SEE’s professional cleaning unit, Diversey, for more than $3 billion, according to sources as reported by the New York Post. Sealed Air announced a planned spin off the Diversey unit, plus its food hygiene and cleaning businesses to shareholders.

The Diversey spinoff was to take place in H2 of 2017.

Sealed Air closed at $50.22 on Wednesday, up 1.45 percent.

Saudi Arabia’s Public Investment Fund Said to Consider Stake in Six Flags

The Rumor:

Saudi Arabia’s Public Investment Fund is considering making an investment in Six Flags Entertainment Corp SIX, according to sources as reported by Bloomberg. The PIF is said to be in talks with Six Flags regarding a potential stake.

Six Flags began talks last June with government of Saudi Arabia to pursue development of Six Flags-branded theme parks in that market.

Spokespersons for PIF and Six Flags didn’t reply to requests for comment.

Six Flags closed at $60.80 on Wednesday, up 1.59 percent.

Jaguar Animal Health to Merge with Napo Pharmaceuticals

The Deal:

Jaguar Animal Health Inc JAGX announced it has entered into a binding agreement of terms to merge with Napo Pharmaceuticals, which will operate as a wholly-owned subsidiary of Jaguar, focused on human health. The binding financial terms of the merger include a 3-to-1 Napo-to-Jaguar value ratio to calculate the relative ownership of the combined entity. Napo owned approximately 19 percent of Jaguar's common stock as of January 31, 2017.

Jaguar and Napo expect to enter into a definitive merger agreement within 20 days.

Jaguar Animal Health closed at $0.68 on Wednesday and traded as high as $1.17 after hours.