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The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday October 19, 2012:
Hearing Possible Exxon Mobil Bid for EncanaThe Rumor:
Exxon Mobil
XOM may bid for Canada's Encana Corp.
ECA, according to
The Globe and Mail.
An Exxon Mobile spokesperson declined comment on the report. An Encana spokesperson was not available for comment.
Encana closed at $23.91 Friday, a loss of 0.29% on higher than average volume.
Hearing PE Chatter in Alliant Techsystems
The Rumor:Alliant Techsystems ATK is seeing interest from private equity firms, according to Deal Reporter on Friday. Monness Crespi upgraded the company from a Neutral to a Buy, also on Friday. A spokesperson for Alliant Techsystems was not available for comment. Alliant Techsystems closed at $57.43 Friday, a gain of 0.56% on 3 times average volume. Hearing Chatter of Potential SAP Bid for Citrix Systems The Rumor:
Germany's SAP SAP is rumored to be possibly considering a bid for Citrix Systems CTXS, according to sources. Back in April, Citigroup commented Citrix could be a takeover target. An SAP spokesperson declined comment on the rumor. A Citrix Systems spokesperson was not available for comment. Citrix Systems closed at $64.16 Friday, a loss of 1.16% on higher than average volume. MeadWestvaco Corporation to Acquire India's Ruby Macons The Deal:
MeadWestvaco Corporation MWV announced Friday a definitive agreement with Mr. Alibhai Nathani and family to purchase Ruby Macons Limited, India's top producer of corrugated packaging materials and a leader in the country's growing industrial packaging industry. Terms of the transaction were not disclosed. MeadWestvaco Corporation closed at $30.37 Friday, a loss of 1.68% on average volume.
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