Benzinga's M&A Chatter for Tuesday March 31, 2015

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday March 31, 2015:
Charter to Acquire Bright House Networks for $10.4BThe Deal
:

Charter Communications, Inc.
CHTR
, its subsidiary, CCH I, LLC and Advance/Newhouse Partnership, parent company of Bright House Networks, announced Tuesday, that Charter will acquire Bright House Networks for $10.4 billion, including $2 billion in cash. Liberty Broadband Corporation
LBDRA
has agreed to purchase, upon closing of the Bright House transaction, $700 million of newly issued New Charter shares. Charter gained almost 6% Tuesday, closing at $194.31.
Baird Says DST Will be Acquired by End of 2015 for $160/ShareThe Analyst Comment
:

Shares of DST Systems Inc.
DST
, rose early Tuesday, on a note from Baird, which indicated the company could be acquired by the end of 2015 for $160 per share. A spokesperson for DST had no immediate comment. DST shares gained $1.51 Tuesday, closing at $110.71.
The Deal Says Momenta Takeover Target for Actavis, TevaThe Rumor
:

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Shares of Momenta Pharmaceuticals Inc.
MNTA
spiked higher early Tuesday, on a report from
The Deal
that the company was a potential takeover target for Teva Pharmaceutical Industries Limited
TEVA
and Actavis plc
ACT
. A spokesperson for Teva declined comment on the rumor, while Momenta and Actavis did not respond to requests for comment. Momenta gained $0.02 Tuesday, closing at $15.20.
Endurance Specialty Holdings to Acquire Montpelier Re Holdings for $40.24 in Cash, Stock DealThe Deal
:

Endurance Specialty Holdings Ltd.
ENH
and Montpelier Re Holdings Ltd.
MRH
announced Tuesday, an agreement, whereby Endurance will acquire Montpelier for $40.24 per share, consisting of 0.472 shares of Endurance and $9.89 in cash for each Montpelier common share. The deal has an aggregate value of $1.83 billion, based on Endurance`s closing price on March 30, 2015. The deal is expected to close in Q3 of 2015, subject to approval of both companies` shareholders. Montpelier Re Holdings gained $0.29 Tuesday, closing at $38.44.
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Posted In: NewsRumorsM&AMovers
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