Benzinga's M&A Chatter for Thursday February 23, 2012
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday February 23, 2012:
Hearing Alibaba in Talks to Acquire Renren
Alibaba (ALBCF) is in talks to acquire Renren (NYSE: RENN), according dealReporter. Renren was recently named as a target of Baidu (NASDAQ: BIDU). The share price has fallen sharply from its IPO high of 24 in May 2011.
A spokesperson for Renren was not available for comment.
Renren closed at $5.19 Thursday, a loss of 1.33% on average volume.
Hearing Illinois Tool Works May Acquire Manitowoc
Benzinga contacted both companies, but did not receive a reply.
Manitowoc closed at $16.13 Thursday, a gain of 0.50% for the day on 1.5 times the average volume.
CITIC Capital Continues Talks to Acquire AsiaInfo-Linkage
Chinese private equity firm CITIC Capital is in talks to acquire AsiaInfo-Linkage (NASDAQ: ASIA).
A spokesperson for AsiaInfo-Linkage confirmed to Benzinga that the two sides are in discussions, but would not comment on rumors that the acquisition price was between $15 and $17 per share.
AsiaInfo-Linkage closed at $12.89 Thursday, a loss of 0.77% for the day on slightly less than average volume.
Hearing Vague Chatter of Apple Takeover of Fusion-Io
Apple may have an interest in acquiring Fusion-io, according to an interpretation of comments made by CEO Tim Cook at Apple's shareholder meeting. Fusion-io has been a frequent takeover name with Intel (NASDAQ: INTC) and NetApp (NASDAQ: NTAP) among potential buyers recently mentioned.
A spokesperson for Fusion-io was not available for comment.
Fusion-io closed at $27.60 Thursday, a gain of 3.25% for the day on average volume.
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