The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday, August 14, 2017.
AAOI Said to have Received a $110/Share Offer
The Rumor:
A report out of China says Huawei Technologies Co. has submitted an offer to acquire Applied Optoelectronics
Inc (NASDAQ: AAOI) for $110 per share. AAOI has
hired Goldman Sachs as and advisor, the report said.
Applied Optoelectronics closed at $68.92 on Monday, up $3.08
Kraft, Coke Could Bid for Danone
The Rumor:
France's Danone (OTC: DANOY), maker of
Danon Yogurt, could be a takeover target, according to sources as reported by the New York Post. Kraft Heinz
(NYSE: KHC) and Coca-Cola (NYSE: KO) are potential buyers, the sources said.
Bloomberg reported Monday that Keith Meister's Corvex Management is building a stake in Danone, saying the company is
undervalued.
The U.S. ADS of Danone closed at $16.64, up $1.17.
Neff Receives $25/Share 'Superior Proposal' from 'Strategic Bidder'
The Superior Proposal:
Neff Corporation (NYSE: NEFF) announced
that its Board of Directors has determined a strategic bidder has submitted a "Superior Proposal" to acquire all of the outstanding
shares of Neff
common stock for $25.00 per share in cash. Under the terms of an Existing Merger Agreement, H&E agreed to acquire all of the
outstanding shares of Neff common stock for $21.07 per share in cash.
H&E has the right, under the agreement to propose modifications to the terms of the Existing Merger Agreement within a five
business day period.
Neff closed at $26.00, up $4.15.
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