Courtesy of Benzinga.
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday January 11, 2016:
Shire to Combine With Baxalta; Baxalta Shareholders Will Receive $18 Cash, 0.1482 Shire ADS Per Share
The Deal:
Shire plc (NASDAQ: SHPG) and Baxalta Incorporated (NASDAQ: BXLT) announced Monday, that the boards of directors of both companies have agreed that Shire will combine with Baxalta, in a deal valued at approximately $32 billion. Baxalta shareholders will receive $18.00 in cash and 0.1482 Shire ADS per Baxalta share.
The transaction is expected to close mid-2016.
Baxalta closed at $39.10 on Monday down 2.27%.
NorthStar Asset Management to Explore Strategic Alternatives
The Strategic Review:
The Board of Directors of NorthStar Asset Management Group Inc. (NYSE: NSAM) announced Monday that it has hired Goldman, Sachs to assist in exploring potential strategic alternatives.
NorthStar Asset Management closed at $11.59 on Monday, up 10.8%.
Apollo Global Management in Talks to Acquire Apollo Education for ~$1B
The Rumor:
Apollo Global Management LLC (NYSE: APO) is in advanced talks to acquire Apollo Education Group Inc. (NASDAQ: APOL), according to
sources as reported by the Wall Street Journal on Monday. The sources said a deal would be valued at approximately $1 billion and could be reached in the next few weeks.
Apollo Education closed at $6.38 on Monday, down 3.19%.
