The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday December 1, 2016.
Parker to Acquire CLARCOR for $4.3B Cash
CLARCOR closed at $82.58 on Thursday, up 17.22 percent.
KongZhong Corporation Enters into Definitive Agreement for Going Private Transaction Of ~$299M Cash
KongZhong Corporation (ADR)
KongZhong closed at $6.78 on Thursday, up $0.12.
Cummins to Explore Sale of Filtration Unit
Cummins is said to have hired an investment bank to assist in an auction process. A Cummins spokeswoman declined comment on the rumor.
Cummins closed Thursday at $142.63, up $0.85.
Alibaba Said to be in Talks to Acquire Snapdeal
Alibaba Group Holding Ltd
Reports of of a potential Snapdeal acquisition follow a stall in talks with Flipkart.
Reuters later reported that Alibaba was not in talks to buy Snapdeal.
Alibaba closed Thursday at $89.69, down 4.42 percent.
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