Benzinga's M&A Chatter for Tuesday July 22, 2014

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday July 22, 2014:
CIT Group to Acquire OneWest Bank for $3.4B in Cash, StockThe Deal
:

CIT Group
CIT
announced Tuesday, that it has entered into a definitive agreement and plan of merger with the parent company of privately-held OneWest Bank for $3.4 billion in cash and stock. Under the terms of the agreement, Shareholders of OneWest's parent company, IMB Holdco, will receive $2 billion in cash and 31.3 million shares of CIT Group common stock. The deal has been approved by both company's Boards of Directors. CIT Group closed Tuesday at $48.71, a gain of almost 11%.
LinkedIn Announces Purchase of Bizo, Valued at $175MThe Deal
:

LinkedIn
LNKD
announced Tuesday, that it has agreed to acquire Bizo, in a deal valued at approximately $175 million, cosnisiting of approximately 10 percent stock and approximately 90 percent cash. The deal is expected to close Q3 of 2014. LinkedIn closed Tuesday at $165.50, a gain of 2%.
Report Respsol May Explore Talisman Energy BidThe Rumor
:

Shares of Talisman Energy
TLM
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spiked higher after-hours Tuesday, on a report from
Bloomberg
that Spain's Repsol
REPYY
may explore a bid for the Canadian oil and gas company. Repsol is reportedly looking for a place to put its cash, following the loss of its stake in YPF
YPF
, according to sources. Talisman shares closed Tuesday at $9.85, and gained 11% after-hours.
Report PetSmart Hires JPMorgan to Explore Potential DealThe Rumor
:

PetSmart
PETM
has reportedly hired JPMorgan Chase to consider strategic alternatives, including a potential sale, according to a report Tuesday from
Reuters
. Two of PetSmart's largest shareholders, Jana Partners and Longview Asset Management, with a combined 20% stake, have urged PetSmart to consider a sale.
Dow Jones
reported on July 17 that PetSmart was interviewing investment banks. PetSmart closed Tuesday at $69.34, a gain of $.18.
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Posted In: NewsRumorsM&AMovers
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