Benzinga's M&A Chatter for Monday September 30, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday September 30, 2013:

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ACTIVE Network

announced Monday that it has agreed to be acquired by Vista Equity Partners for $1.05 billion, or $14.50 per share in cash. The deal is expected to close before the end of Q4 2013. A deal was rumored on September 24. The Active Network closed at $14.31 Monday, a gain of 25%.

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Shares of Tower Group

spiked higher Monday on a report from

that Enstar and Catalina are in talks with the troubled insurer. On Friday, the publication reported Tower had hired Barclays and Bank of America as advisors on a possible deal. Tower Group closed at $7.00 Monday, a gain of $0.09.

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Brookfield Property Partners

announced Monday that it proposes to acquire Brookfield Office Properties

through a tender offer for $19.34 per share in cash or 1.0 limited partnership unit of Brookfield Property Partners. The Brookfield Office Properties Board announced Monday, it has established a special committee to review and consider the proposal, and advised shareholders of Brookfield Office Properties not to take any action with respect to the proposal at this time. Brookfield Office Properties closed at $19.07 Monday, a gain of 13% on 20 times average volume.