Benzinga's M&A Chatter for Tuesday April 16, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday April 16, 2013: Hearing Unconfirmed Takeover Chatter in Walter Energy The Rumor:
Shares of Walter Energy WLT moved off 52-week lows Tuesday on renewed unconfirmed takeover chatter. Warren Buffett is the rumored buyer at $40 per share. Walter Energy is a frequent takeover name. A spokesperson for Walter Energy was not available for comment. Walter Energy closed at $20.51 Tuesday, a loss of $0.09 on 1.5 times average volume. Dell Enters Agreement with Carl Icahn The Agreement:
Dell DELL announced Tuesday that its Board of Directors has approved an agreement with Carl Icahn, under which Mr. Icahn and affiliated entities have agreed to cap his ownership at 10% of Dell's shares. Icahn commenting on the agreement said, "like other large Dell shareholders, I continue to believe that the February 5 merger agreement to take Dell private (for $13.65 per share) undervalues Dell and hurts shareholders. My affiliates and I expect to engage in meaningful discussions with other Dell shareholders, discussions that we believe will help to facilitate alternatives to the existing transaction with Michael Dell. In addition, I want to make it very clear that I have retained the absolute right to conduct a proxy fight at Dell. In fact, I have refused to take a $25 million expense reimbursement from Dell as the price of giving up a proxy fight." Dell closed unchanged Tuesday at $14.04 on lower than average volume. Atlas Pipeline Partners to Acquire Eagle Ford Midstream Business For $1B from TEAK Midstream The Deal:
Atlas Pipeline Partners APL and Atlas Energy ATLS announced Tuesday that the partnership has executed a definitive agreement to acquire 100% of the equity interests of TEAK Midstream, a privately owned midstream operator, for $1 billion in cash. The transaction is expected to close in the second quarter of 2013. Atlas Pipeline Partners closed at $35.66 Tuesday, gain of 2% on average volume.