The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday, November 9, 2016.
Merrimack Said to Explore Strategic Alternatives
Credit Suisse declined comment. Bank of America and Merrimack were not available for comment.
Merrimack closed at $5.82 on Wednesday, up 15 percent.
Ebix to Terminate All Discussions Regarding Potential Acquisition Of Patriot National
Patriot National announced on Tuesday, that it had rejected the $475 million offer from Ebix.
Patriot National closed at $6.35 on Wednesday, down 7.97 percent.
GTT Communications to Acquire Hibernia Networks for $590M
GTT Communications, Inc.
GTT Communications closed Wednesday at $23.50, up 10.85 percent.
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