Wall Street's M&A Chatter From August 23: United Technologies, RH, RhythmOne-YuMe

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday, August 23, 2017.

RhythmOne, YuMe Confirm Discussions

The Talks:

RhythmOne plc BLNKF and YuMe Inc YUME both confirmed they're in talks regarding the potential acquisition of YuMe by RhythmOne. Their reply was in response to media speculation.

The companies said there is no certainty of a deal.

Yume closed at $5.15 on Wednesday, up 9 cents.

Chatter of PE Bid for RH

The Rumor:

RH RH is said to have hired Goldman Sachs as an advisor following interest from private equity, according to unconfirmed market chatter being circulated by traders on Wednesday. Sources say a consortium of private equity forms had offered or is preparing an offer of $66.00 per share for the home furnishings retailer.

RH closed at $46.74, down $1.59.

Dan Loeb Said to Take Stake in UTX, Push for Non-core Asset Sale

The Rumor:

Activist investor Dan Loeb's Third Point is said to have been building a stake in United Technologies UTX, according to sources as reported by the New York Post. Loeb wants UTX to spin off non-core assets, the sources said.

United Technologies declined comment. A Loeb publicist also declined comment.

United Technologies closed at $117.03, up $1.34.