Market Overview

Wall Street's M&A Chatter From March 2


The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, March 2, 2017.

Air Methods Said to Receive Bid from KKR, Other PE Firms

The Rumor:

Air Methods Corp (NASDAQ: AIRM) is said to have received takeover offers from KKR & Co. L.P. (NYSE: KKR), according to sources as reported by Bloomberg. The sources said KKR is considering merging it with Medical Group Holdings.

An agreement hasn't been reached and Air Methods could choose to remain independent, the report said.

Air Methods closed at $43.00, up 11.25 percent.

HMA Acquisition Offers to Acquire All Shares of Stage Stores

The Suspect Offer:

MA Acquisition, Inc in a 13D filing on Thursday, said it intends to make an offer to the board of directors of Stage Stores Inc (NYSE: SSI) to purchase all of the issued and outstanding capital stock of the company, other than shares of capital stock owned by HMA and the rollover stockholders for $4.60 per share, subject to due diligence of the buyer.

Stage Stores responded, noting "it has not received any offer or other communication from such entity and has not been able to confirm that such an entity exists."

Stage Stores closed at $2.12 on Thursday, down 8.62 percent.

VTTI Energy Partners LP Announces $18.75/Share Offer from VTTI

The Offer:

VTTI Energy Partners LP (NYSE: VTTI) announced that the Board of Directors of VTTI Energy Partners GP LLC has received a proposal from VTTI B.V. under which VTTI would acquire through a wholly owned subsidiary all publicly held common units of the LP for $18.75 per common unit. In a letter to the GP Board, VTTI stated it "believes that the offer price represents an attractive valuation to the Partnership's public unitholders."

VTTI Energy Partners closed at $18.40 on Thursday, down $0.05.


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Posted-In: M&A News Rumors