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Wall Street's M&A Chatter From November 30

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday November 30, 2016.

ScottsMiracle-Gro Exercises Warrants to Achieve 80% Stake in AeroGrow

The Stake:

Scotts Miracle-Gro Co SMG announced that its subsidiary, SMG Growing Media, Inc., has exercised its current outstanding warrants to establish an 80 percent stake in AeroGrow International, Inc. AERO. SMG had established an approximately 31 percent stake in AeroGrow in 2013.

Approximately 21.6 million shares of AeroGrow were issued to ScottsMiracle-Gro for $47.8 million. ScottsMiracle-Gro had a net cash outlay for the transaction of approximately $9 million.

ScottsMiracle-Gro closed at $91.27 on Wednesday, down $0.34.

Harte Hanks to Sell Trillium Business for $112M Cash to Syncsort

The Deal:

Syncsort Incorporated announced it has signed a definitive agreement with Harte Hanks Inc HHS to acquire Trillium Software. The purchase price is $112 million in cash.

Harte Hanks closed at $1.50 on Wednesday, down 12.79 percent.

Zayo to Acquire Electric Lightwave for $1.42B in Cash

The Deal:

Zayo Group Holdings Inc ZAYO announced it has entered into an agreement to acquire provider of infrastructure and telecom services, Electric Lightwave, for $1.42 billion in cash. The deal is expected to close in Q1 of 2017,

Zayo closed Wednesday at $34.50, down $0.21.

Starboard Pressures Rockwell Collins to Reconsider B/E Aerospace Purchase, Consider Sale

The Rumor:

Rockwell Collins, Inc. COL is said to be under pressure from investor Starboard Value LP to reconsider its acquisition of B/E Aerospace Inc. BEAV, according to sources as reportred by Bloomberg. The fund led by Jeff Smith would like Rockwell Collins to explore a potential sale, as well as other options.

A Rockwell Collins spokesperson declined comment on the rumor and said the company remains "confident that the acquisition of B/E Aerospace will create significant value for our shareholders."

Rockwell Collins closed Wednesday at $92.27 and traded as high as $96.50 after-hours. B/E Aerospace shares fell to a low of $57.46 after closing at $60.04.

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