Benzinga's M&A Chatter for Tuesday September 16, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday September 16, 2014:

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Endo International

announced Tuesday, that it has delivered a proposal to acquire all outstanding shares of Auxilium Pharmaceuticals

for $28.10 in a cash and stock, for a transaction value of $2.2 billion. The proposal includes approximately an equal mix of cash and Endo shares. Auxilium Pharmaceuticals shares closed Tuesday at $21.52, and traded over $30.00 after-hours.

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Shares of Rackspace

plummeted after-hours Tuesday, following the announcement that the company has ended its evaluation of alternatives that would result in Rackspace being acquired. Rackspace has decided to remain independent. It also announced Taylor Rhodes as its new CEO.

had reported on September 8 that CenturyLink

was seeking an acquisition of Rackspace. Rackspace shares closed Tuesday at $39.34, and fell to a low of $31.80 after-hours.

Washington Prime Group to Purchase Glimcher Realty for $14.20/Share

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Washington Prime Group

and Glimcher Realty Trust

announced Tuesday, that they have agreed that WPG will acquire Glimcher for $14.20 in cash and stock deal, for a total value of around $4.3 billion, including the assumption of debt. Glimcher shareholders will receive, for each Glimcher share, $10.40 in cash and 0.1989 of a share in WPG stock at closing. The deal is expected to close in Q1 of 2015. Glimcher Realty Trust closed Tuesday at $13.75, a gain of 30%.