Stocks fell to end the week as oil prices took a slide. Speculation regarding Saudi Arabia limiting output was dismissed, sending investors out of the energy patch. Also weighing on the major indices was a big dip in Apple Inc. (NASDAQ:AAPL) following a report that iPhone 7’s debut weekend sales weren’t exactly up to snuff.
The S&P 500 slid 0.57%, the Dow Jones Industrial Average lost 0.7% and the Nasdaq Composite shed 0.63% to finish off the week.
It wasn’t Merger Monday, but Bats Global Markets Inc (BATS:BATS), Imperva Inc (NYSE:IMPV) and Twitter Inc (NYSE:TWTR) all were among Friday’s best stocks thanks to some love in the M&A space.
Twitter Inc (TWTR)
TWTR shares soared more than 21% on over seven times the average daily volume on reports that the social media company is mulling takeover bids from several blue-chip suitors.
While talks for Twitter still are in the early stages, it is possible a deal for the company could be unveiled before the end of the year, according to the report.
Salesforce.com, Inc. (NYSE:CRM) reportedly is among the companies interested in TWTR, according to the New York Times. Alphabet Inc (NASDAQ:GOOG GOOGL), the parent of Google, has previously been rumored to be a logical buyer of TWTR as well.
Twitter has struggled for the majority of its publicly traded life, and TWTR stock — even after today’s bump — still remains lower than its $26 IPO price.
Bats Global Markets Inc (BATS)
Shares of Bats Global Markets Inc surged nearly 22% on rumors that the newly public exchange operator is a potential takeover target.
Media reports point to CBOE Holdings, Inc (NASDAQ:CBOE) as being the possible suitor for BATS. It is possible that CBOE and BATS could announce a deal in the next several weeks.
CBOE is one of the largest options exchanges. Meanwhile, Kansas-based BATS has rapidly become one of the largest listing destinations for exchange-traded funds (ETFs), among other securities.
Neither company commented on the speculation.
Imperva Inc (IMPV)
Shares of security software maker Imperva jumped 21% on more than 10 times the average daily volume following reports that the company has drawn takeover interest from multiple companies.
Suitors for IMPV include Cisco Systems, Inc. (NASDAQ:CSCO) and International Business Machines Corp. (NYSE:IBM) — both members of the Dow Jones Industrial Average — according to CNBC.
Imperva offers local and cloud-based cybersecurity solutions for business data.
The company hired Qatalyst Partners in July to help it explore a possible sale after receiving takeover interest. Several other other companies could be interested in acquiring IMPV as well.
As of this writing, Todd Shriber did not hold a position in any of the aforementioned securities.
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