Skip to main content

Market Overview

Wall Street's M&A Chatter From September 22-24: KB Home, NRG Yield, Gigya

Share:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday, September 22 through Sunday, September 24, 2017.

American Homes 4 Rent Could Target KB Home for an Acquisition

The Rumor:

Shares of KB Home (NYSE: KBH) surged higher in early trading Friday, as DealReporter said the company was a takeover target for American Homes 4 Rent (NYSE: AMH). The publication reported that following the announcement of the merger of Invitation Homes (NASDAQ: INVH) and Starwood Waypoint (NYSE: SFR), American Homes 4 Rent could seek an acquisition.

KB Home closed at $20.88 on Friday, up 10 cents.

NRG Yield to Explore Strategic Alternatives

The Rumor:

Shares of of NRG Yield rose as high as $20 Friday, following a report from SparkSpread that the company has hired JPMorgan and Barclays to explore strategic alternatives. The publication that Citigroup is handling a sale of NRG Energy's (NYSE: NRG) Class B and D shares in NYLD.

NRG Yield closed at $19.40, up 25 cents.

SAP to Acquire Gigya

The Deal:

Gigya announced Sunday it has agreed to be acquired by SAP SE (ADR) (NYSE: SAP). Gigya has a platform that allows companies build digital relationships with their customers.

The transaction is expected to close in Q4 of 2017, subject to regulatory approval. Terms of the transaction were not disclosed.

SAP closed Friday at $110.27, up 64 cents.

 

Related Articles (AMH + INVH)

View Comments and Join the Discussion!

Posted-In: M&A News Rumors

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com