Benzinga's Weekend M&A Chatter

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday December 26 through Sunday December 28, 2014
New York Stock Exchange May be Put Up for SaleThe Rumor
:

The New York Stock Exchange may be put up for sale as early as next year, by its owner, Intercontinental Exchange, Inc.
ICE
, according to the
New York Post
. Sources say ICE will with sell or spinoff the "Big Board" within a year. Attempts to make the NYSE more profitable, with updated technology are a prelude to a sale, according to the sources. A spokesperson for Intercontinental Exchange was not immediately available for comment. Intercontinental Exchange closed Friday at $221.88, up $0.15.
Egypt's Financial Regulator Extends Bidding Period for Bisco Misr Until January 11, 2015The Bidding War
:

Egypt's financial regulator has extended the bidding deadline for Egypt snack manufacturer, Bisco Misr, until January 11, 2015, reports
Reuters
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. Kellogg Company
K
, has been engaged in a takeover battle for Bisco Misr with UAE-based PE firm Abraaj Asset Management. Kellogg is currently the high bidder, having offered 89.86 Egyptian pounds per share. Kellogg shares closed Friday at $67.01, down a penny.
Lion Capital Urges American Capital to Consider Sale, Other OptionsThe Hedge Fund Letter
:

Hedge fund Lion Capital has reportedly sent a letter to American Apparel, Inc.'s
APP
Board of Directors on Sunday, requesting the retailer consider strategic options, according to the
Wall Street Journal
. Sources say options include a potential sale. Lion Capital's request comes on the heels of Irving Place Capital's $1.40 per share bid, which American Apparel's Board indicated was too low, according to sources. American Apparel shares closed flat Friday at $1.06.
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Posted In: NewsRumorsAsset SalesManagementM&A
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