Benzinga's M&A Chatter for Thursday March 22, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday March 22, 2012: Hearing Deere to Make Offer for Joy Global The Rumor:
Deere DE is rumored to be offering $100 per share to acquire Joy Global JOY, according to sources. Joy Global is rumored to have hired Goldman Sachs as an adviser back in January to find a buyer at $120 per share. Japan's Komatsu (KMTUY) has previously been mentioned as a potential buyer. A Deere spokesperson would not comment on the rumor. A Joy Global spokesperson was not available for comment. Joy Global closed at $74.60 Thursday, a loss of 2.51% on 1.3 times the average daily volume. Monster Worldwide May Sell Itself -CEO The CEO Comments:
Monster Worldwide MWW CEO Sal Iannuzzi said Thursday he may be open to selling all or part of the company. Monster is a frequent topic of takeover chatter. On Tuesday, two private equity firms were mentioned as possible suitors. One possible buyer is LinkedIn LNKD. Benzinga spoke with a representative of LinkedIn, but he declined comment on 'hypothetical' deals. Monster Worldwide closed at $9.49 Thursday, a gain of 2.04 on 1.8 times the average daily volume. Hearing Takeover Chatter in Esterline Technologies The Rumor:
Esterline Technologies ESL is receiving bids from three possible buyers, according to the Guardian. One of the bidders is said to be BAE Systems (BAESY). Benzinga attempted to contact a BAESY spokesperson about the report, but one was not available. Esterline Technologies closed at $68.27 Thursday, a gain of 3.05% on almost 4 times the average daily volume. Primedia to Buy Rent.com from eBay The Deal:
Privately-held Primedia will acquire Rent.com from Ebay EBAY. The terms of the deal were not disclosed. Ebay closed at $37.62, a gain of 0.53% on 67% of the average daily volume.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsShort IdeasRumorsM&AAfter-Hours CenterMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!