Benzinga's M&A Chatter for Wednesday November 13, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday November 13, 2013:

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Petrobras

announced Wednesday it was selling Petrobras Energia Peru to PetroChina for $2.6 billion. The transaction is subject to approval by Chinese and Peruvian authorities. Petrobras closed Wednesday at $16.42, a gain of more than 2%.

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Shares of US Steel

rose early Wednesday on renewed chatter of a takeover bid from Luxembourg-based ArcelorMittal

. The two companies are frequently mentioned as a potential combination. Spokespersons for the companies were not available for comment, but ArcelorMittal has indicated in the past they did not have an interest in US Steel. US Steel closed Wednesday at $27.60, a gain of 2%.

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Shares of Crocs

spiked sharply higher midday Wednesday on a report from

the footwear maker of was exploring strategic options, including going private, according to sources. Crocs has reportedly held talks with KKR

and Blackstone

. A spokesperson for Crocs was not available for comment. Crocs closed Wednesday at $13.89, a gain of almost 10% on almost 10 times average volume.