Market Overview

Benzinga's M&A Chatter for Friday March 15, 2013

Benzinga's M&A Chatter for Friday March 15, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday March 15, 2013:

Report EMC, IBM in Talks to Buy SoftLayer

The Rumor:
Both IBM (NYSE: IBM) and EMC (NYSE: EMC) are in talks to acquire web hosting company SoftLayer, according to a report from Reuters. The deal could be worth over $2 billion, according to sources, which indicated SoftLayer had hire Morgan Stanley and Credit Suisse as advisors.

SoftLayer is a privately-held company based out of Dallas, TX.

A Deal for Cablevision Could be Worth $20/Share, According to Citigroup

The Note:
Cablevision Systems Corporation (NYSE: CVC) could be $20 per share in a takeover, according to a note from Citigroup. Time Warner Cable (NYSE: TWC) and Charter Communications (NASDASQ: CHTR) are the most likely buyers according to the note. Charter and Cablevision announced on February 7 that they had entered into an agreement under which Charter would acquire Cablevision's Bresnan Broadband Holdings for $1.625 billion in cash.

Cablevision closed at $14.08 Friday, a gain of 2.5% on twice average volume.

Report New Oriental Education May 'Go Private'

The Rumor:
New Oriental Education (NYSE: EDU) may receive a "going private" bid, according to a note from 86 Research. On December 17, 2012, there was chatter of a possible LBO at $30 per share.

A spokesperson for New Oriental Education was not available for comment.

New Oriental Education closed at $16.02 Friday, a gain of 8% on twice average volume.

AB Inbev, US DOJ Ask Federal Judge for Extension on Modelo Talks

The Discussions:
Anheuser-Busch Inbev (NYSE: BUD) and the U.S. DOJ requested Friday, a postponement until April 9 of the government's antitrust lawsuit to block its purchase of Grupo Modelo. The two sides cited making substantial progress towards a potential settlement of the case, which could clear the way for a sale of Modelo to Constellation Brands (NYSE: STZ).

Anheuser-Busch Inbev and Constellation Brands both issued statements Friday on the progress of the discussions.

Constellation Brands closed at $45.75 Friday, a gain of 2% on average volume, while Anheuser-Busch InBev closed at $95.43, a loss of $0.83 on lower than average volume.

Posted-In: Long Ideas News Short Ideas Rumors Legal M&A Global After-Hours Center


Related Articles (CVC + BUD)

View Comments and Join the Discussion!

Top Performing Dividend Payers in Consumer Goods with the Most Upside Potential (AVP, LZB, MOV)

Barron's Recap (3/16/13): A New Way to Play Emerging Markets