Benzinga's M&A Chatter for Wednesday April 30, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 30, 2014:

:

GE

and Alstom

announced Wednesday that GE submitted a binding offer to acquire Alstom's Thermal, Renewables and Grid businesses in a deal with enterprise value of $13.5 billion, $3.4 billion in cash. Alstom's Board of directors has appointed a committee of independent directors to review the proposal by June 2. If the review is favorable, an exclusivity period will commence no later than June 2, and the proposal will be submitted to Alstom shareholders for approval. Rival bidder Siemens

stated in a letter today that it was still interested in Alstom's energy operations. The GE deal, if approved, is expected to close in 2015. General Electric closed Tuesday at $26.89, a gain of $0.13. Siemens gained 2% to close at $131.83.

:

Sprint

is moving ahead with plans to bid for T-Mobile

, after meeting with banks regarding financing for the offer, according to

. The company's CFO and Treasury had meetings with six banks, according to sources. Softbank CEO Masayoshi Son, is expected to make a formal bid for T-Mobile in June or July. Softbank owns 80% of Sprint. Son is reportedly attempting to convince U.S. regulators about the benefits of a Sprit-T-Mobile combination. Sprint closed Wednesday at $8.50, and traded over $9.00 after-hours. T-Mobile closed up $0.25 at $29.29 Wednesday and traded over $31.00 after-hours.

:

Glu Mobile

announced Wednesday that the company has agreed to acquire PlayFirst, creators of the DASH series, for 3 million shares of Glu Mobile stock, plus the assumption of approximately $3.55 million of PlayFirst`s debt. The deal is expected to close by the end of May 2014. Glu Mobile closed Tuesday at $4.00, a gain of $0.10.