Stock:
Symbol Lookup
Register | Login
...
History
...
...

Pre Market | Dow Jones | Gold | Newsletters | Learn


Benzinga's M&A Chatter for Monday June 23, 2014

Monday, June 23, 2014 6:40 PM

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 23, 2014:

Wisconsin Energy to Acquire Integrys Energy for $9.1B Cash and Stock

The Deal:
Wisconsin Energy (NYSE:WEC) and Integrys Energy (NYSE:TEG) announced Monday that they have agreed that Wisconsin Energy will acquire Integrys in a deal valued at $9.1 billion. The combined company will be named WEC Energy Group, Inc, when the deal is completed, which is expected in Summer 2015.

Integrys Energy closed Monday at $68.35, a gain of more than 12%, while Wisconsin Energy closed down 3.5% at $45.27.

Oracle to Buy MICROS for $68/Share

The Deal:
Oracle (NYSE:ORCL) announced Monday that it has agreed to acquire MICROS Systems (NASDAQ:MCRS) for $68.00 per share in cash, for a total value of approximately $5.3 billion, or $4.6 billion net of MICROS' cash.

The deal, rumored last week in a report from Bloomberg, is expected to close in the second half of 2014,

MICROS closed Monday at $67.98, a gain of more than 3%, while Oracle closed at $41.10, a gain of $0.28.

Harbinger Group Offers to Acquire Central Garden & Pet Company for $10.00/Share in Cash

The Offer:
Harbinger Group (NYSE:HRG) announced Monday, a letter that it sent to the Board of Directors of Central Garden & Pet Company (NASDAQ:CENT) on June 16, 2014, offering to acquire all of Central Garden & Pet Company for $10.00 per share in cash. HRG stated that it may further increase the value of its proposal if the CENT Board engages in a constructive dialogue and grants access to customary diligence materials.

Harbinger says to date, Central Garden & Pet's Board and management have been unresponsive.

Central Garden & Pet Company closed Monday at $9.58, a gain of 6.5%, while Harbinger gained 1% to close at $13.11.

Report Monsanto Considered Deal for Syngenta

The Rumor:
Shares of Monsanto (NYSE:MON) and Syngenta (NYSE:SYT) surged higher Monday, on a report from Bloomberg, that Monsanto had recently explored a potential acquisition of Syngenta, according to sources. A deal would have enabled Monsanto to move its tax location to Switzerland.

The talks have been terminated, report the sources.

Monsanto closed Monday at $122.10, a gain of $0.02. Syngenta closed at $79.59, a gain of 7%, on 11 times average volume.

Abbott to Acquire Veropharm for $355M-$495M

The Deal:
Abbott (NYSE:ABT) announced Monday, it will acquire Russian pharmaceutical manufacturer, Veropharm. Abbott will acquire LLC Garden Hills, which owns a controlling interest in Veropharm, for between $395 million and $495 million. Garden Hills currently owns more than 80% of Veropharm, and is expected to own more than 95% by the time the deal closes.

Abbott closed Monday at $40.73, a loss of $0.12.

Fidelity National Financial's Comdata Attracting Buyout Interest

The Rumor:
Shares Fidelity National Financial (NYSE:FNF) spiked higher Monday, on a report from Dow Jones, that Comdata has attracted interest from potential buyers, following its IPO filing. Comdata is is owned by Fidelity National and Thomas H. Lee Partners. It reported in April, it had filed confidentially for an IPO.

Comdata was separated from Ceridian in 2013.

Fidelity National Financial closed Monday at $33.20, a gain of $0.31.

© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

PRINT

FREE Options Trading Lessons
I'll show you how to unlock HUGE Gains with Options Trading
Let's make 2014 the year you get RICH!
Markets Sell-Off After Malaysian Airline Crash In UkraineMarkets Sell-Off After Malaysian Airline Crash In Ukraine
U.S. stocks sold off after news reports began to surface that a Malaysian Airlines jet has crashed in Ukraine. While details have yet to be confirmed, a Ukraine minister claimed that the plane, whic...
UPDATE: Morgan Stanley Reiterates On Abbott Laboratories As Growth and Margins Are Set To ContinueUPDATE: Morgan Stanley Reiterates On Abbott Laboratories As Growth and Margins Are Set To Continue
In a report published Thursday, Morgan Stanley analyst David R. Lewis reiterated an Overweight rating on Abbott Laboratories (NYSE: ABT ), and raised the price target from $45.00 to $48.00. In th...
Earnings Continue Driving Markets HigherEarnings Continue Driving Markets Higher
U.S. stocks rose as investors and traders find comfort in corporate earnings that continue to come in at better-than-expected levels. Although it`s still very early in to earning season, Intel Co...
St. Jude Medical Conference Call HighlightsSt. Jude Medical Conference Call Highlights
Shares of St. Jude Medical (NYSE: ABT ) are down 0.09 percent following its second-quarter earnings release. Below are some highlights and key takeaways from the company`s conference call. Res...
Abbott Laboratories Conference Call HighlightsAbbott Laboratories Conference Call Highlights
Shares of Abbott Laboratories (NYSE: ABT ) are down less than one percent following its second-quarter earnings release. Below are some highlights and key takeaways from the company`s conference ...
Berenberg Initiates Monsanto At BuyBerenberg Initiates Monsanto At Buy
Analysts at Berenberg initiated coverage on shares of Monsanto Company (NYSE: MON ) with a Buy rating. The target price for Monsanto is set to $141. Dresser-Rand shares have surged 16.55% over th...
Earnings Scheduled For July 16, 2014Earnings Scheduled For July 16, 2014
Bank of America (NYSE: BAC ) is projected to report its Q2 earnings at $0.29 per share on revenue of $21.62 billion. Abbott Laboratories (NYSE: ABT ) is expected to report its Q2 earnings at $0.51...
Stocks To Watch For July 16, 2014Stocks To Watch For July 16, 2014
Some of the stocks that may grab investor focus today are: Wall Street expects Bank of America (NYSE: BAC ) to report its Q2 earnings at $0.29 per share on revenue of $21.62 billion. Bank of Americ...
Top 4 Stocks In The Surety & Title Insurance Industry With The Lowest PEG RatioTop 4 Stocks In The Surety & Title Insurance Industry With The Lowest PEG Ratio
Below are the top surety & title insurance stocks on the NYSE and the NASDAQ in terms of PEG ratio. Ambac Financial Group (NYSE: AMBC ) has a PEG ratio of 0.05. Ambac Financial`s trailing-twelv...
Dow Sets New Intraday High; Citigroup Impresses With EarningsDow Sets New Intraday High; Citigroup Impresses With Earnings
U.S. stocks rose as earning season unofficially kicked off with Citigroup reporting better than expected earnings. The Dow Jones Industrial average set new intra-day records, hitting an all time h...

Loading Headlines...
 

Stock Market

Track the stock market today with the latest news and information on all things investing! Watch your stocks perform throughout the day and watch the breaking stock market news.

Feedback | disclaimer | privacy policy

Stock Market News

The Stock Market is ever changing. Keep up on your stock market news.

Stock Market Newsletters

Read up on your favorite stock market newsletters.


Learn the Stock Market

Sharper your stock trading skills with our stock market education section.