Wall Street's M&A Chatter From October 10: SeaWorld, Johnson Controls, Express Scripts-EviCore
|The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday, October 10, 2017.
More Takeover Rumors Around SeaWorld
The Rumor:
Shares of SeaWorld Entertainment Inc SEAS 2.66% rose again Tuesday, as Bloomberg reported that Spanish amusement park operator Parques Reunidos is interested in acquiring SeaWorld. The offer is said to be approximately $17.50 per share, the source said.
On Monday, traders circulated chat room chatter of potential bids by Disney DIS 1.21% and Six Flags SIX 0.79%.
SeaWorld closed Tuesday at $13.16, down 53 cents.
Express Scripts Acquires eviCore Healthcare for $3.6B
The Deal:
Express Scripts Holding Company ESRX 0.04% has agreed to acquire the privately-held provider of evidence-based medical benefit management services, eviCore healthcare, for $3.6 billion from General Atlantic, TA Associates, and Ridgemont Equity Partners. The transaction is expected to close in Q4 of 2017, subject to regulatory approvals.
Express Scripts closed at $58.18, down $1.04.
Chatter of Johnson Controls Takeover Interest
The Rumor:
Shares of Johnson Controls JCI 0.29% rose as high as $41.93 as traders circulated chat room chatter of potential takeover interest. Sources say KKR KKR 0.92%, Blackstone BX 0.09% and TPG have proposed a $59.00 per share leverage buyout.
Johnson Controls closed at $41.49, up 91 cents.
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