Benzinga's M&A Chatter for Wednesday July 9, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday July 9, 2014:

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Shares of Time Warner

surged higher Tuesday, following a

from Fox Business' Charlie Gasparino, that he has been hearing chatter of a potential bid from Google

. Time Warner shares hit a high of $73.07.

reporter Doug MacMillan later

that Time Warner's CEO said his company was not in talks with Google. Time Warner shares closed off the highs Wednesday at $72.41, a gain of more than 2%.

:

Shares of GameStop

spiked higher Wednesday, on renewed unconfirmed market chatter of a potential bid from an unnamed suitor. Chatter had surfaced on June 22 that GameStop had hired an advisor to help it to review strategic alternatives. A spokesperson for GameStop was unavailable for comment. GameStop shares closed Wednesday at $41.79, a gain of $0.15.

:

AbbVie

CEO Richard Gonzalez was forced to withdraw comments he made regarding shareholder support for his company's bid for Shire

. The comments were a violation of UK Takeover Panel rules, as the support was not in writing. AbbVie confirmed today, it had not received commitments of support in writing. Shire closed Wednesday at $235.08, a gain of almost 1%, while AbbVie lost more than 1% to close at $55.01.

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Allergan

shareholders are encouraging the company to make a large acquisition in order to fight off a $53 billion hostile takeover bid from Valeant Pharmaceuticals

and investor Bill Ackman of Pershing Square, according to a report from

. Allergan CEO David Pyott, said his company should act quickly in making an acquisition, based on comments from shareholders. Allergan's board rejected Valeant's latest bid of $53 billion in cash and Valeant shares on June 23. Allergan closed Wednesday at $165.20, a loss of $0.87, while Valeant lost 1% to close at $120.94.