Benzinga's M&A Chatter for Tuesday December 17, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday December 17, 2013. Frontier Communications to Acquire AT&T's Wireline Residential, Business Services in Connecticut for $2B The Deal:
Frontier Communications FTR announced Tuesday that it has agreed to acquire AT&T's T wireline business and statewide fiber network that provides services to residential, commercial and wholesale customers in Connecticut, and also AT&T's U-verse video and satellite TV customers in Connecticut for $2 billion in cash. The deal is expected to close in H2 2014. Frontier Communications closed Tuesday at $4.78, a gain of 8.5%. AT&T closed at $33.85, a loss of $0.30. Yahoo Acquires PeerCDN The Deal:
Content delivery company PeerCDN announced on their website Tuesday, that they had been acquired by Yahoo YHOO. Terms were not disclosed. Yahoo closed Tuesday at $39.51, a loss of $0.22. Report Centerbridge Won't Proceed With Deal to Buy LightSquared The Rumor:
Dow Jones reported Tuesday that Centerbridge won't proceed with a deal to acquire LightSquared, according to sources. A deal would have been valued at about $3.3 billion. Shares of Dish Network surged higher on the report. Dish had bid $2.2 billion for LightSquared, earlier this year. Dish Network closed Tuesday at $54.99, a gain of 2.5%.