The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday, June 16, through Sunday, June 18, 2017.
Amazon to Acquire Whole Foods for $42/Share
The Deal:
After years of speculation, Whole Foods Market, Inc. WFM announced on Friday it will be acquired by Amazon.com, Inc. AMZN for $42 per share in cash, for a transaction valued at approximately $13.7 billion. There was chatter later in the day, that a higher bid could surface.
John Mackey will remain as CEO of Whole Foods. The transaction is expected to close H2 of 2017.
Whole Foods closed at $42.68, up $9.62.
Walmart to Acquire Bonobos for $310M Cash
The Deal:
Wal-Mart Stores Inc WMT announced Friday it has agreed to acquire Bonobos, Inc. for $310 million in cash. The acquisition is expected to close toward the end of Q2 or beginning of Q3.
Walmart closed at $75.24, down $3.67.
Norsat Announces Amended Offer from Hytera Communications for $11.50Share
The Amended Offer:
Norsat International Inc (USA) NSAT announced that a Special Committee has received, reviewed and considered an amended offer from Hytera for $11.50 per share in cash and to increase the Norsat and Hytera termination fees from $2.5 million to $3 million, respectively.
The Independent Directors have determined that the Privet Subsequent Acquisition Proposal ceases to be a Superior Proposal, and subject to obtaining approval from the Industrial Technologies Office representing the Strategic Aerospace and Defense Initiative program will enter into a further amendment of the Amended Arrangement Agreement and implement the amended offer.
At this time, there can be no assurance that the amended offer will lead to the execution of a further amendment of the amended arrangement agreement with Hytera, or that the transaction contemplated by Hytera will obtain all necessary approvals or be consummated.
Norsat closed at $11.30, unchanged.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.