Benzinga's M&A Chatter for Thursday January 5, 2012
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 5, 2012: 86QWNKW6H93G
IBM to Acquire Red Hat
IBM (NYSE: IBM) on Wednesday, announced the acquisition of software testing company Green Hat. Today, rumors of a deal for Linux software firm Red Hat (NYSE: RHT), were making the rounds. IBM is rumored to be offering $56.50 for Red Hat.
A spokesperson for IBM had no comment on the rumor, but thought the confusion might have been over the Green Hat acquisition. A Red Hat spokesperson was not available for comment.
Red Hat shares traded in a range of $42.25 to $43.02 Thursday on slightly more than the average daily volume. Red Hat closed at $42.70, a gain of 0.71% for the day.
Starwood Hotels and Resorts to be Acquired by Private Equity Firm
Starwood Hotels and Resorts (NYSE: HOT) to be acquired by a private equity firm for $70 per share.
Takeover chatter in Starwood last appeared on November 2, 2011. A company spokesperson was not available for comment.
Starwood shares traded in a range Thursday of $48.23 to $50.73 on slightly more than the average daily volume. Starwood closed at $50.65, a gain of 2.45% for the day.
Intel-Led Group to Acquire Interdigital
Interdigital has a takeover rumor every week. A spokesperson for the company reiterated the policy of not commenting on rumors or speculation.
Still, many like the editor of the Little Bear Research blog, believe a deal will eventually be made.
InterDigital shares traded in a range of $41.06 to $43.40 on 1.25 times the average daily volume and closed at $42.21, a gain of 0.88% for the day.
Yahoo to Acquire WebMD
WebMD has been the subject of recent private equity chatter, though major shareholder Carl Icahn, does not support such a move. Benzinga did not receive a reply to a call made to WebMD.
Shares of WebMD traded Thursday in a range of $37.39 to $40.24 on about 2.5 times the average daily volume. WebMD closed at $39.28, a gain of 3.45% for the day.
Caterpillar to Acquire Agco
The German newspaper Frankfurter Allgemeine Zeitung reported that Agco CEO Martin Richenhagen would not rule out a merger with Caterpillar. A Caterpillar spokesperson would not comment and Agco did not return a call from Benzinga.
Agco shares traded Thursday in a range of $45.15 to $46.89, on 2.4 times the average daily volume. Agco closed at $46.84, a gain of 3.26% for the day.
Nelson Peltz to Acquire Part or All of Hansen Natural
Nelson Peltz's Trian Group to acquire a stake in Hansen Natural.
There has been previous private equity chatter in Hansen. A Hansen spokesperson told Benzinga the company does not speak to the media.
Hansen Natural shares rose 1.37% Thursday, on 73% of the average daily volume. Shares traded in a range of $91.94 to $94.17 and closed at $93.86.
QuinnStreet to be Acquired by Private Equity Firm
QuinnStreet (NASDAQ: QNST) to be acquired by a private equity firm, according to dealReporter.
QuinnStreet did not respond to a call from Benzinga.
QuinnStreet shares rose 2.47% Thursday, on slightly less than the average daily volume. Shares traded in a range of $9.57 to $10.00 and closed at $9.72.
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