Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday November 28, through Sunday November 30, 2014:

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Kellogg Company

increased its offer Sunday for Egypt's cake and biscuit maker Bisco Misr to 82.2 Egyptian pounds ($11.50) per share, according to

. That's higher than Abraaj's latest offer of 80.58 Egyptian pounds ($11.27). Kellogg lost out to Turkey's Yildiz earlier this month, in a attempt to acquire the UK's United Biscuits. Yildiz paid a reported £2 billion. Kellogg closed Friday at $66.20, a gain of 1%.

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Altice announced Sunday, that it has entered into an exclusivity agreement with Oi SA

for the purchase of the Portuguese assets of Portugal Telecom

, for an enterprise value of €7.4bn on a cash and debt-free free basis, including €500m consideration related to the future revenue generation of Portugal Telecom. A transaction would require corporate approvals and would be subject to standard regulatory approvals. Portugal Telecom shares fell 3% Friday, to close at $1.82, while Oi shares lost 7.5%, closing at $0.52.

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Centerbridge Partners is close to a deal to acquire IPC Systems from Silver Lake Partners in a deal that could be worth more than $1.1 billion, according to sources reported by the

. Silver Lake had purchased IPC from Goldman Sachs private equity unit for $800 million in 2008. Spokespersons for Centerbridge, Silver Lake and IPC Systems were not available for comment.

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Ingram Micro

announced Friday, that it has made a binding offer for the acquisition of provider of reverse logistics and repair services, ANOVO. The deal is is expected to be completed in early 2015. Further details were not disclosed. Ingram Micro shares rose $0.14 Friday, to close at $27.43.