The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday, January 23, 2017.
Aetna's $34B Humana Takeover Blocked By Judge As Anti-Competitive
The Rumor:
U.S. District Judge John D. Bates blocked the proposed
$34 billion merger between Aetna Inc (NYSE: AET) and Humana Inc (NYSE: HUM) due to antitrust issues. Bates said the DoJ proved that a merger of the
healthcare companies would pose a threat to competition.
An Aetna Spokesman said the company is considering appeal over ruling against deal "after putting forward a compelling
case."
Aetna closed Monday at $119.20, down 2.72 percent.
Sprint Acquires 33% Of Jay Z's TIDAL
The Deal:
TIDAL and Sprint Corp (NYSE: S) announced
that Sprint will acquire
33 percent of TIDAL, while Jay Z and the artist-owners will continue to run ther TIDAL service. Sprint CEO Marcelo Claure will
join TIDAL's Board of Directors.
Under the agreement, whose terms were not disclosed, TIDAL and its artists will produce exclusive content for current and new
Sprint customers.
Sprint closed at $9.18 on Monday, up 2.74 percent.
Yahoo Confirms its Acquisition by Verizon will Close in Q2
The Confirmation:
Yahoo! Inc. (NASDAQ: YHOO) confirmed in
its Q4 earnings release that the acquisition by Verizon Communications Inc (NYSE: VZ) will close in Q2
2017. Yahoo said the "opportunities ahead with Verizon look bright."
Yahoo closed at $42.40 on Monday, up $0.35.
Icahn Enterprises Completes Acquisition of Federal-Mogul
The Deal:
Federal-Mogul Holdings Corp (NASDAQ: FDML) and Icahn Enterprises LP (NASDAQ: IEP) announced that Icahn Enterprises has completed its acquisition of Federal-Mogul
for $10.00 per share in cash. Icahn increased his tender offer for Federal Mogul to $10.00 from $9.25 per share on January 3.
Federal-Mogul closed at $9.98 on Monday, down $0.01.
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