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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday February 28, 2012:
Hearing Knology Has Put Itself Up for SaleThe Rumor:
Knology
KNOL has hired an adviser to looking into the possibility of a sale of the company, according to the
Wall Street Journal.
A spokesperson for Knology was not available for comment.
Knology closed at $17.47 Tuesday, a gain of 10.5% on 9 times the average daily volume.
Express Scripts and MedcoHealth Solutions Reiterate Expectation of Merger Close in First Half of 2012The Deal:
Both Express Scripts
ESRX and MedcoHealth Solutions
MHS expect their merger to be completed in the first half of 2012. Anticipation of the deal sent shares in both stocks higher Tuesday.
Spokespersons from Express Scripts and MedcoHealth, speaking to Benzinga, reiterated their expectations of a deal completion by mid-year.
MedcoHealth Solutions closed at $67.64 Tuesday, a gain of 1.68% on 1.5 times the average daily volume.
Express Scripts closed at $53.78 Tuesday, a gain of 1.38% on 1.3 times the average daily volume.
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