The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday August 12 through Sunday August
14, 2016:
Honeywell to Sell Honeywell Technology Solutions to KBR for $300M
The Deal:
Honeywell (NYSE: HON) announced Friday that it has reached a
definitive agreement to sell Honeywell Technology Solutions to KBR Inc. (NYSE: KBR) for approximately $300 million. The transaction is expected to close in 2016.
Honeywell closed Friday at $116.10 down $0.27. KBR fell $.09, closing at $15.64.
H&R Block Said to be Preparing Sale
The Rumor:
H&R Block, Inc. (NYSE: HRB) spiked to a high of $24.95 on
Friday, following a report from Cincarious Research indicating that the company is preparing to sell itself and has hired Goldman
Sachs to assist in the process, according to sources. The sources said HRB management is looking for $35 per share. H&R Block
closed at $24.56 on Friday, up 2.16%.
Lyft Said to Rebuff Takeover Interest from GM
The Rumor:
Ride sharing company Lyft, is said to have rejected a takeover approach from General Motors (NYSE: GM), according to a sources as reported by The Information on Friday. GM
currently owns 9% of Lyft. GM declined comment on the report.
GM closed at $31.57 on Friday, down $0.18.
MAA Near Deal to Acquire Post Properties for ~$4B The Rumor:
Real-estate investment trust MAA is nearing a deal to buy Post Properties Inc. for about $4 billion, according to sources as
reported by the Wall Street Journal on Sunday. Post shareholders will receive 0.71 share of new MAA stock for each share
they own, the sources said. A deal could be announced on Monday.
Post Properties closed at $62.22 on Friday, up $0.36.
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