Benzinga's M&A Chatter for Monday August 11, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday August 11, 2014:

:

The Cutrale Group and the Safra Group announced Monday, a proposal to acquire 100% of the outstanding shares of Chiquita Brands

for $13.00 per share in cash. The proposal was made in a letter to Chiquita's Chairwoman, Kerrii Anderson. Chiquita acknowledged receipt of the offer and advised shareholders to take no action at this time, awaiting the Board's recommendation. Chiquita and Ireland's Fyffe's

had announced a merger agreement on March 10 in an all-stock transaction. A spokesperson for Fyffe's was not available for comment on today's counter offer. Chiquita Brands shares closed Monday at $13.10, a gain of 30%.

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Shares of Allergan

dropped to the lows Monday, on comments from shareholder ValueAct's CEO Jeff Ubben, in an interview with

. The Valeant

shareholder said he does not believe the company needs to acquire Allergan and could trade as high as $140 per share in a year as a standalone company. Ubben said a prolonged bidding war for Allergan could be harmful to Valeant. Valeant announced on June 18, it had offered $72.00 per share plus 0.83 Valeant shares per Allergan share. Valeant closed at $107.25 Monday, a loss of 1.76%. Allergan shares lost 2%, to close at $153.39.

:

Shares of Pandora

surged higher Monday, on renewed takeover chatter.

said Amazon

, Google

and Yahoo

are again rumored as potential buyers of the streaming music service. Pandora closed Monday at $26.38, a gain of more than 4%.

:

Shares of Intermune

, spiked higher Monday, on a report from blog

, that the biotech company had hired Evercore Partners to explore strategic options. A spokesperson for Intermune was not available for comment. Intermune closed Monday at $44.71, a gain of almost 4%.