The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday December 21, 2016.
Actelion Johnson & Johnson Confirm Exclusive Discussion
The Confirmation:
Johnson & Johnson (NYSE: JNJ) confirmed it
has entered into exclusive negotiations with Actelion Ltd. (OTC: ALIOF) regarding a potential transaction. The companies confirmed on December 13 that
discussions had ended.
JNJ closed at $115.31 on Wednesday, down $0.35.
Source Tells Benzinga 8x8 Board Initiated Process to Find a Buyer
The Rumor:
Shares of 8x8, Inc. (NASDAQ: EGHT)
spiked as high as $15.45 on Wednesday, as Benzinga
reported that the company's Board of Directors has started a process to find a buyer, according to a source. However, the
source said that no buyers have come forward.
8x8 closed Wednesday at $14.25, down 3.39 percent.
Linde, Praxair Confirm Intention to Merge
The Merger Confirmation:
Linde AG (OTC: LNEGY) and Praxair,
Inc. (NYSE: PX) confirmed the companies will combine in
a merger of equals in an all-stock transaction. Linde shareholders will receive 1.540 shares in a new holding company for each
Linde share exchanged and Praxair shareholders will receive one share in the new holding company for each Praxair share they
own.
Shareholders of each company wil own approximately 50 percent of the combined company.
Praxair closed Wednesday at $118.00, down 3.75 percent.
RPM to Acquire Dutch Coatings Company SPS Group
The Deal:
RPM International Inc. (NYSE: RPM)
announced it has signed an agreement to acquire Dutch Coatings Company SPS Group. Terms were not disclosed.
RPM closed Wednesday at $54.01, down $0.12.
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