The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday, June 14, 2017.
General Mills Shares Spike ~$0.25 Over Last Min As Traders Circulating Takeover Chatter
The Rumor:
Shares of General Mills, Inc. GIS spiked sharply higher Wednesday, as traders circulated unconfirmed market chatter of a potential bid from Nestle NSRGY. General Mills was the subject of takeover rumors earlier this year, with Mondelez MDLZ mentioned as a potential buyer.
General Mills closed at $58.75, up $0.58.
Rightside Group to be Acquired by Donuts for $10.60/Share in Cash
The Deal:
Rightside Group Ltd NAME and Donuts Inc., announced that the two companies have entered into a merger agreement, under which Donuts will acquire Rightside for $10.60 per share in cash via a tender offer. The purchase price is approximately $213 million.
The transaction is expected to close during Q3 of 2017.
Rightside Group closed at $10.75, up $1.00.
Oclaro Said to be Preparing for Sale
The Rumor:
Shares of Oclaro, Inc. OCLR spiked to a high of $10.06 on a report from Betaville that the biotech company is preparing to sell itself, according to sources. There was heavy activity in the June $10 call just at the time of the report.
Oclaro declined comment on the rumor, according to Bloomberg.
Oclaro closed at $9.73, up $0.25.
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