Wall Street's M&A Chatter From October 10: SeaWorld, Johnson Controls, Express Scripts-EviCore

Benzinga Team Benzinga

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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Benzinga Team

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EUR/USD hovers around nine-day EMA above 1.1800

EUR/USD remains in the positive territory after registering modest gains in the previous session, trading around 1.1820 during the Asian hours on Monday. The 14-day Relative Strength Index momentum indicator at 54 is edging higher, signaling improving momentum. RSI near mid-50s keeps momentum balanced. A sustained push above 60 would firm bullish control.

GBP/USD holds medium-term bullish bias above 1.3600

The GBP/USD pair trades on a softer note around 1.3605 during the early European session on Monday. Growing expectation of the Bank of England’s interest-rate cut weighs on the Pound Sterling against the Greenback.

Gold sticks to gains above $5,000 as China's buying and Fed rate-cut bets drive demand

Gold surges past the $5,000 psychological mark during the Asian session on Monday in reaction to the weekend data, showing that the People's Bank of China extended its buying spree for a 15th month in January. Moreover, dovish US Federal Reserve expectations and concerns about the central bank's independence drag the US Dollar lower for the second straight day, providing an additional boost to the non-yielding yellow metal.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Weekly column: Saturn-Neptune and the end of the Dollar’s 15-year bull cycle

Tariffs are not only inflationary for a nation but also risk undermining the trust and credibility that go hand in hand with the responsibility of being the leading nation in the free world and controlling the world’s reserve currency.

Bitcoin, Ethereum and Ripple consolidate after massive sell-off

Bitcoin, Ethereum, and Ripple prices consolidated on Monday after correcting by nearly 9%, 8%, and 10% in the previous week, respectively. BTC is hovering around $70,000, while ETH and XRP are facing rejection at key levels. Traders should be cautious: despite recent stabilization, upside recovery for these top three cryptocurrencies is capped as the broader trend remains bearish.