Benzinga's M&A Chatter for Thursday November 7, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday November 7, 2013:

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Shares of Men's Wearhouse

spiked higher Thursday on a 13D filing from Eminence Capital reporting a 9.8% stake in Men's Wearhouse. The filing mentioned the investor's disappointment in the Men's Wearhouse Board's response to the proposal of $48.00 per share from Jos. A. Bank. Eminence stated they believe the Men's Wearhouse Board's fiduciary duties require that they enter into a dialogue with Jos. A. Bank regarding a possible deal and consider all strategic alternatives by the close of business on November 11. Eminence says it will continue discussions with Men's Wearhouse and with Jos. A. Bank. Men's Wearhouse closed Thursday at $45.43, a gain of 7% on more than 3 times average volume.

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Salix Pharmaceuticals

and Santarus

announced Thursday that the companies have agreed that Salix will acquire all of the outstanding common stock of Santarus for $32.00 per share in cash. The transaction is expected to close in Q1 2014. Santarus closed Thursday at $23.22, but traded at $31.90 after-hours.

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Toll Brothers

announced Wednesday and agreement under which Toll Brothers will acquire the home building business of Shapell for approximately $1.60 billion in cash. The deal is expected to close in Q1 of FY 2014. Toll Brothers closed Thursday at $32.68 a gain of $0.16.