The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday, February 7, 2017.
Report PE Firms Unlikely to Bid for Macy's
The Rumor:
Shares of Macy's Inc (NYSE: M) fell on a
report from DealReporter that private equity firms were unlikely to bid for the retailer, according to sources. Multiple reports
have Canada's Hudson's Bay Co. with Macy's regarding an acquisition or perhaps a
deal involving Macy's real estate.
CNBC's David Faber sources indicated Hudson's would need an equity partner and that was "unlikely."
Macy's closed Tuesday at $31.22, down 1.86 percent.
Sarepta Takeover Chatter
The Rumor:
Shares of Sarepta Therapeutics Inc (NASDAQ: SRPT) spiked higher following unconfirmed market chatter of takeover interest.
"Sources" said Sarepta could get potential offers from multiple parties of $70 to $75 per share.
Sarepta was also
rumored to have canceled out of an upcoming Cowen Healthcare Conference, however, that conference isn't scheduled
until March 6 and a spokesperson for Sarepta said the company didn't cancel out the the conference, according
to Adam Feuerstein.
Sarepta closed at $29.17 on Tuesday, up $0.10.
Kroger and Murray's Cheese Announce Merger
The Deal:
Kroger Co (NYSE: KR) announced it has
purchased the equity of Murray's Cheese and its flagship location on Bleecker Street in New York City, to merge the companies.
Financial terms of the merger were not disclosed.
Kroger closed at $33.29 on Tuesday, down 1.16 percent.
Priceline to Acquire Momondo Group for $550M
The Deal:
Priceline Group Inc (NASDAQ: PCLN)
announced it has signed a definitive agreement to acquire the Momondo Group for $550 million in cash. Momondo operate a European
travel meta engine that offers flights, hotels and car rentals, and flight comparison and travel deals publishing platform
Cheapflights.
The deal is expected to close later this year.
Priceline closed at $1598.70 on Tuesday, up $11.52.
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