Benzinga's M&A Chatter for Friday December 21, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday December 21, 2012: Carl Icahn Sells Greenbrier Shares after Company Rejects American Railcar $22/Share Bid The Rejection:
Investor Carl Icahn sold most of his holdings in Greenbrier Companies GBX Friday, following the company's rejection of American Railcar's ARII revised $22 per share offer. Greenbrier Companies reaffirmed late Thursday that American Railcar Industries' conditional proposal to acquire Greenbrier for $22 per share was unacceptable and not in the best interests of Greenbrier stockholders. Greenbrier closed at $16.14 Friday, a loss of 11% on 6.5 times average volume. Gardner Denver Sale Talks with SPX Said to Have Ended The Rumor:
Shares of Gardner Denver GDI fell sharply Friday on a report from Reuters that they have reportedly ended sale talks with SPX Corp. SPW. Both Bloomberg and Deal Reporter had reported the companies were close to a deal, whereby SPX would acquire Gardner Denver for $4 billion or more. According to Reuters, Gardner Denver has requested meetings with private equity firms to discuss a possible deal next month. Gardner Denver closed at $67.40 Friday, a loss of almost 11% on 10 times average volume. Groupon Acquires CommerceInterface The Deal:
Groupon GRPN announced Friday it has acquired CommerceInterface, a leading provider of web-based channel management technology that helps manufacturers, distributors and retailers succeed at managing their businesses and selling online. Terms of the deal were not disclosed. Groupon closed at $4.82 Friday a gain of $0.03 on lower than average volume.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsShort IdeasRumorsInsider TradesM&ATrading 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!