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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday October 6, 2015:
Skyworks to Acquire PMC-Sierra for $10.50/Share in CashThe Deal:
Skyworks Solutions, Inc.
SWKS and PMC-Sierra, Inc.
PMCS announced Tuesday that Skyworks will acquire PMC for $10.50 per share in an all-cash transaction valued at approximately $2 billion. The transaction is expected to close in H1 of 2016, subject to approval by PMC shareholders and regulatory approvals.
PMC-Sierra closed at $10.24 on Tuesday, a gain of 33%.
SABMiller Said to Reject informal Bid from AB InBeThe Rumor:
SABMiller Plc
SBMRY has rejected a bid from Anheuser-Busch InBev NV
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of approximately $100 billion, according to sources as reported by
Bloomberg on Tuesday. Anheuser-Busch InBev submitted a proposal of around £40 per share last week, according to the sources.
The
NY Post had reported earlier that SAB Chairman Jan du Plessis, along with his management team were opposed to the Anheuser-Busch InBev takeover bid, according to a source.
Anheuser-Busch InBev closed at $109.60 Tuesday, down 1%.
Amerisourcebergen Acquires Pharmedium Healthcare for $2.575BThe Deal:
AmerisourceBergen
ABC announced Tuesday, that it has signed a definitive agreement to acquire privately held PharMEDium Healthcare Holdings, Inc., from Clayton, Dubilier & Rice for $2.575 billion in cash. The transaction is expected to close in Q1 of FY 2016, subject to regulatory review.
Amerisourcebergen closed at $93.03 Tuesday, down 2%.
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