Benzinga's M&A Chatter for Wednesday June 19, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday June 19, 2013: Report Forest Labs May Bid for Elan The Rumor:
Shares of both Elan ELN and Forest Labs surged higher Wednesday on a report from Reuters that Forest may bid for the Irish drugmaker. Elan rejected an offer of $13 per share, plus CVR worth up to $2.50 per share from Royalty Pharma. Royalty withdrew its bid on Wednesday. Both Elan and Forest Labs declined comment on the report. Elan closed at $14.15 Wednesday, a gain of 4.5% on 4 times average volume. Dish Declines to Submit Revised Offer for Sprint The Decision:
Dish Network DISH announced late Tuesday in a press release that it would be unable to submit a revised offer for Sprint S, in part due to "the decisions made by Sprint to prematurely terminate our due diligence process and accept extreme deal protections in its revised agreement with SoftBank SFTBY. Dish now intend to focus its efforts on "completing the Clearwire CLWR tender offer.” Dish closed at $39.27 Wednesday, gaining $0.18, while Sprint fell 4% to close at $7.00. TripAdvisor Acquires GateGuru The Deal:
TripAdvisor TRIP announced Wednesday it has acquired GateGuru, the leading mobile resource for flight and airport information around the world. Terms were not disclosed. TripAdvisor closed at $63.77 Wednesday, a loss of $0.08 on lower than average volume. Tyco to Acquire Exacq Technologies for $150M in Cash The Deal:
Tyco TYC announced Wednesday that the company has reached an agreement to acquire Exacq Technologies for $150 million in cash. The deal is expected to close later this year. Tyco closed at $33.39 Wednesday, a loss of 1% on average volume. Stratasys to Acquire MakerBot for $403M in All-Stock Transaction The Deal:
Stratasys SSYS announced Wednesday the signing of a definitive merger agreement whereby privately held MakerBot has agreed to merge with a subsidiary of Stratasys in a stock-for-stock transaction valued at approximately $403 million.The merger is expected to be completed during Q3 2013. Stratasys closed at $84.60 Wednesday, and traded over $87.00 after-hours.