Benzinga's M&A Chatter for Wednesday August 28, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday August 28, 2013: Renewed Chatter of Lenovo Bid Sends BlackBerry Shares over $10 The Rumor:
Shares of BlackBerry BBRY rose on Wednesday on market chatter of a potential bid of $17 per share from Lenovo LNVGY. Spokespersons for BlackBerry and Lenovo declines comment on the rumor. BlackBerry closed at $10.30 Wednesday, a gain of more than 2.5% on higher than average volume. Delta Apparel Acquires Salt Life Brand The Deal:
Delta Apparel DLA announced Wednesday that its wholly-owned subsidiary, To The Game, LLC, has acquired substantially all of the assets of Salt Life Holdings, LLC, including trademark rights in the Salt Life brand. The purchase price is $15 million in cash, two promissory notes in the aggregate principal amount of $22 million, and an additional payment contingent on certain performance targets being met with respect to sales of Salt Life products in calendar 2019. Delta Apparel closed at $15.70 Wednesday, a loss of $0.05. Apple Acquires AlgoTrim The Deal:
Apple AAPL confirmed to AllThingsD Wednesday that it has acquired Swedish startup AlgoTrim. The company develops compression algorithms for mobile phones. Terms of the deal were not known. Apple closed at $490.90 Wednesday, a gain of $2.31.