The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, July 20, 2017.
Bloomberg Says Discover, Viacom Both Said To Be Vying To Buy Scripps, Talks Are Said To Be Advanced With Deal Possible As
Soon As This Month
The Rumor:
Scripps Network Interactive, Inc. (NASDAQ: SNI) moved higher after Bloomberg reported that both Discovery
Communications Inc (NASDAQ: DISCA) and
Viacom, Inc. (NASDAQ: VIAB) are in
talks to buy the company and that a deal could be reached this month. The acquisition is likely to be funded with a mixture of cash
and shares, sources told Bloomberg
Scripps closed at $79.01, up $2.12.
AirFinance Journal Reports Aircastle is Considering Merger
The Rumor:
Shares of Aircastle Limited (NYSE: AYR)
spiked higher as AirFinance Journal reported the company was exploring a sale following an approach. Last month, the company named
Michael Inglese as its permanent CEO replacement.
Aircastle closed at $23.97, up $2.20.
DealReporter Says Advisory Board Close to Deal Announcement
The Rumor:
The Advisor Board Company (NASDAQ: ABCO) shares traded as high as $58.20 as DealReporter said the consulting company
was close to a deal with UnitedHealth Group Inc (NYSE: UNH) and Vista Equity Partners. Sources say a deal could come as early as this
week.
Earlier this month, Bloomberg reported that UNH would acquire ABCO's health care division, while Vista would acquire the
education unit for as much as $1.5 billion.
Advisory Board closed at $56.90, up 10 cents.
Rent-A-Center Receives Interest from Two PE firms,
The Rumor:
Shares of Rent-A-Center Inc (NASDAQ: RCII) spiked to $13 following a DealReporter story that two private equity firms
have expressed interest. On July 5, Rent-A-Center confirmed it had rejected an offer from Vintage Capital Management for $15.00 per
share.
Rent-A-Center closed at $12.58, up 21 cents.
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