The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 20, 2016:
Icahn Enterprises Boosts Offer for Federal Mogul to $8.00/Share In Cash
The Revised Offer:
Federal-Mogul Holdings Corporation (NASDAQ: FDML) confirmed
Monday, that Icahn Enterprises L.P. (NYSE: IEP), raised its
offer to purchase the shares of Federal-Mogul common stock not owned by IEP to $8 per share in cash, IEP had offered $7.00
previously, in a letter dated February 28th.
Federal Mogul closed Monday at $8.48 up 4%.
Twitter Acquires Magic Pony Technology, Terms Not Disclosed
The Deal:
Twitter Monday it has acquired the developer of machine learning and visual processing technology, Magic Pony Technology. Terms
were not disclosed.
Twitter closed at $16.34 on Monday, up 1.5%.
Wal-Mart to Sell Part of Chinese Unit to JD.com in All Stock Deal
The Deal:
Walmart (NYSE: WMT) and JD.com (NASDAQ: JD) announced Monday, that they have formed a strategic alliance covering e-commerce
and retail. As part of the agreement JD.com will take ownership of Wal-Mart's Yihaodian marketplace platform assets, including the
Yihaodian brand, website and app. Walmart will continue to operate the Yihaodian direct sales business and will be a seller on the
Yihaodian marketplace.
Under the agreement, Walmart will receive 144,952,250 newly issued JD.com Class A ordinary shares, amounting to approximately 5%
of total shares outstanding.
JD.com closed at $21.06 on Monday up 4.62%.
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