Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Benzinga's Weekend M&A Chatter

Courtesy of Benzinga.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday December 4 through Sunday December 6, 2015:

Report of Potential Merck Bid for Relypsa

The Rumor:
Shares of Relypsa, Inc. (NASDAQ: RLYP) surged higher Friday, on a report from Street Insider that Merck & Co (NYSE: MRK) was preparing to submit an offer for the Redwood City, CA biotech company. No price was mentioned.

A source familiar with the situation, told Benzinga that three to four companies were evaluating Relypsa. Relypsa investor relations declined comment, while Merck did not respond to a request for comments.

Relypsa rose more than 30% Friday, closing at $29.14.

Harley Davidson Rises on LBO Speculation

The Rumor:
Harley Davidson shares rose Friday, on unconfirmed market chatter that the motorcycle maker was the object of leveraged buyout interest.

The Street reported the company responded to the chatter, saying it “periodically been the subject of marketplace speculation” and it was the company’s policy not to comment on rumors.

Harley Davidson rose 1.4% Friday, closing at $47.66.

Global-Tech Advanced Innovations Announces Merger Agreement for ‘Going Private’ Transaction @$8.85/Share

The Deal:
Global-Tech Advanced Innovations Inc. (NASDAQ: GAI) announced Friday, that it has entered into an agreement and plan of merger with Timely Star Limited and Timely Merit Limited for $8.85 per share in cash. The buyer group includes company President and CEO John C.K. Sham.

The deal expected to close during Q1 of 2016.

Global-Tech Advanced Innovations closed at $6.16 Friday, up 1%.

Posted-In: News Rumors M&A Movers


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!