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Benzinga's M&A Chatter for Tuesday January 29, 2013

Benzinga's M&A Chatter for Tuesday January 29, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 29, 2013:

Hearing Silver Lake Could Offer $15/Share for Dell

The Rumor:
Silver Lake Partners is said to be prepared to offer as much as $15 per share for Dell (NYSE: DELL), according to a report from Deal Reporter. Various investors have been mentioned as potential participants in a Dell deal, including Microsoft (NASDAQ: MSFT). Bloomberg first reported the possible Dell LBO on January 14, and the next day, CNBC's David Faber reported a deal could be made at $13.50 to $14.00 per share.

Spokespersons for Dell and Silver Lake declined comment on the report.

Dell closed at $13.25 Tuesday, a gain of 1.5% on 3 times average volume.

OpenTable to Acquire Foodspotting for $10M in Cash

The Deal:
OpenTable (NASDAQ: OPEN) announced Tuesday that it has entered into a definitive agreement to acquire Foodspotting, an app for finding and sharing great dishes at restaurants, for approximately $10 million in cash pursuant to a stock purchase agreement. The completion of the acquisition is subject to the satisfaction of customary closing conditions.

OpenTable closed at $54.87 Tuesday, a gain of $0.49 on lower than average volume.

Posted-In: Long Ideas News Short Ideas Rumors M&A After-Hours Center Movers Trading Ideas


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