Market Overview

Wall Street's M&A Chatter From June 13: Brookdale, Etsy, Roche-Tesaro


The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday, June 13, 2017.

Roche Could Bid as Much as $185/Share for Tesaro

The Rumor:

Shares of TESARO Inc (NASDAQ: TSRO) spiked sharply higher on a report from German publication Handelszeitung that Roche Holding Ltd. (ADR) (OTC: RHHBY) could bid $185 per share or $10 billion for the biotech company. A similar report on Monday, mentioned Sanofi SA (NYSE: SNY) and Gilead Sciences, Inc. (NASDAQ: GILD) as potential buyers.

Shares traded over $150.00 as traders circulated the report.

Tesaro closed at $148.94 on Tuesday, up $4.67.

Zhonghong Zhuoye Group in talks to Acquire Brookdale Senior Living

The Rumor:

Zhonghong Zhuoye Group Co Ltd, which acquired a stake in SeaWorld Entertainment Inc (NYSE: SEAS), is now said to be in talks to acquire Brookdale Senior Living, Inc. (NYSE: BKD), according to sources as reported by Reuters. Zhonghong offered approximately $3 billion for Brookdale and the two parties entered into exclusive negotiations, the sources said.

Earlier this year, Brookdale was said to be in sale talks With Blackstone (NYSE: BX).

Brookdale Senior Living closed at $14.07, up $3.25.

Etsy Said to be Working with Goldman on Strategic Review

The Rumor:

Etsy Inc (NASDAQ: ETSY) is working with Goldman Sachs as an advisor on their review, according to sources as reported by Dealreporter on Tuesday. Etsy confirmed the strategic review last month, following 13D filings from TPG and Dragoneer.

Etsy closed at $13.64, UP $0.38.

Posted-In: M&A News Rumors


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