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Benzinga's M&A Chatter for Monday February 4, 2013

February 4, 2013 4:54 pm
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The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday February 4, 2013:

Dell Buyout Talks Continue

The Rumor:
Buyout talks on Dell (NASDAQ: DELL) continued over the weekend, according to WSJ. The price being mentioned is $13 to $14 per share, according to sources. Microsoft (NASDAQ: MSFT) is reportedly investing $2B billion in the deal, while Silver Lake’s stake is said to be $1 billion.

All of the parties involved in the negotiations have repeatedly declined comment officially.

Dell closed at $13.27 Monday, a loss of 2.5% on higher than average volume.

Oracle to Buy Acme Packet for $29.25/Share in Cash

The Deal:
Acme Packet (NASDAQ: APKT) announced Monday that it has entered into an agreement to be acquired by Oracle (NASDAQ: ORCL) for $29.25 per share in cash representing a fully diluted equity value of $2.1 billion. Net of cash this represents an enterprise value of $1.7 billion.

Acme Packet closed at $29.59 Monday, a gain of 23% on 19 times average volume.

Jabil to Acquire Nypro for $665M

The Deal:
Jabil Circuit (NYSE: JBL) announced an agreement to acquire Nypro Inc., a provider of manufactured precision plastic products for customers in the Healthcare, Packaging and Consumer Electronics industries, with over $1 billion in total annual revenues.

Completion of the transaction is expected to take place during Jabil’s fiscal third quarter. The total purchase price is expected to be $665 million.

Jabil Circuit closed at $19.24 Monday, a loss of $0.12 on average volume.

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