Wall Street's M&A Chatter From November 7: Huntsman-LyndonBasell, GGP -Brookfield, Fox-Disney

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday, November 7, 2017.

Citi Says Huntsman Could Become A Target Of LyndonBasell

The Analyst Comment

Huntsman Corporation HUN shares rose Tuesday on a note from Citi saying the company could be a takeover target for LyondellBasell LYB. Citi projected $200-$250mm synergies potentially from a deal.

Huntsman had attempted merger of equals with Clariant, before the companies mutually agreed to abandon their plans due to activist shareholder involvement.

Huntsman closed Tuesday at $31.67, up 68 cents.

GGP Shares Rise on Report of Brookfield Bid

The Rumor:

Brookfield Asset Management Inc BAM is near a deal to take General Growth Properties private, according to sources as reported by Bloomberg. Brookfield currently has a 30 percent stake in GGP. Sources say the offer is $27.50 per share for all outstanding shares of GGP.

GGP closed at $22.20, up $3.19.

Wells Fargo Says 21st Century Fox Sum of Parts Valuation is $47/Share

The Analyst Comment:

Wells Fargo, commenting on a CNBC report from Monday, said the sum of the parts of 21st Century Fox Inc FOXA is $47 per share.

21st Century Fox has been in talks with Walt Disney Inc DIS to sell most of the company, other than the news and sports divisions, according to CNBC.

21st Century Fox closed at $27.75, up $0.30.