Wall Street Hubbub 8/30: A Higher Bid for Genzyme, Cisco After Skype, EMC Could Be a Takeover Target

Rumors breed on Wall Street and with M&A action hot and heavy recently, today is no exception. Below are some items being discussed today:

• After Sanofi-Aventis (NYSE: SNY) went public with its $69/share takeover offer for Genzyme (Nasdaq: GENZ), which was rejected, talk today suggests another bidder will emerge.
  
  
• Cisco (Nasdaq: CSCO) has made a bid for Skype, according to TechCruch, citing "one of our more reliable sources."
  
  
• EMC Corp. (NYSE: EMC) could be an attractive takeover target, despite its size, according to Pacific Crest analyst Brent Bracelin. EMC is listed Number 31 on StreetInsider.com's "Top 50 Takeover Targets" at M&A Central
  
  
• Cirrus Logic, Inc. (NASDAQ: CRUS) is lower today despite takeover speculation swirling this morning. While the stock is down, the options are seeing interest.
  
  
• VirnetX (NYSE: VHC) has is up 8 percent today and 26 percent in the past week on merger deals in tech-land.
  
  
• AK Steel Holding Corporation (NYSE: AKS) is slightly higher today on renewed takeover speculation. AK Steel is Number 37 on StreetInsider.com's editorially reviewed "Top 50 Takeover Targets" at M&A Central
  
  
• 3PAR, Inc. (NYSE: PAR) is down 2.6% as the bidding war for the company is seen near an end with HP's (NYSE: HPQ) 'superior' $30 offer. Shares last traded at $31.60.

Steve Eisman, the hedge fund investors made famous in Michael Lewis' "The Big Short" said he initiated a new short position in for-profit education company Strayer Education Inc. (Nasdaq: STRA), according to reports from CNBC's Herb Greenberg. Eisman doesn't believe the company's numbers about delinquent students are accurate. He has been short other for-profit schools for some time.

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