The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday, June 7, 2017.
Cerberus Said to Raise Offer for Staples
Shares of Staples, Inc. SPLS spiked briefly to a high of $9.59 on Wednesday, as Street Insider reported that Cerberus Capital has raised its takeover offer for the office supply retailer, according to their source. Bloomberg reported on May 25 that Staples had rejected Cerberus offer as being too low.
The Bloomberg report said Sycamore Partners was still in the running to acquire Staples, according to people familiar with the matter.
Staples closed at $9.16 on Wednesday, up $0.07.
Allergan to Acquire Keller Medical
Allergan plc AGN announced that subsidiary Allergan Sales LLC agreed to acquire privately held medical device maker Keller Medical, Inc., which developed of the Keller Funnel. That device reduces surgeon and patient contact during breast augmentation or reconstruction procedures.
Terms of the deal were not disclosed.
Allergan closed at $228.19, down $0.12.
Banco Santander S.A. Acquires Banco Popular Español, S.A.
Banco Santander, S.A. (ADR) SAN announced it has acquired 100 percent of the share capital of Banco Popular Español, S.A. Santander said it would undertake a capital increase equal to approximately $7.89 billion to acquire thr Spanish Bank.
Banco Santander shares closed in New York at $6.52, up $0.16.