Benzinga's M&A Chatter for Wednesday April 15, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 15, 2015:

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Nokia

and Alcatel-Lucent

announced Wednesday, that the two companies have entered into a memorandum of understanding, under which Nokia will make an all-stock offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in the United States, on the basis of 0.55 of a new Nokia share for every Alcatel-Lucent share. The offer values Alcatel-Lucent at EUR 15.6 billion on a fully diluted basis, corresponding to a fully diluted premium of 34% (equivalent to EUR 4.48 per share), and a premium to shareholders of 28% (equivalent to EUR 4.27 per share) (see Appendix 1), on the unaffected weighted average share price of Alcatel-Lucent for the previous three months. This is based on Nokia`s unaffected closing share price of EUR 7.77 on April 13, 2015. The deal is expected to close in H1 of 2016. Alcatel-Lucent shares lost 18% Wednesday, closing at $4.04.

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58.com

and Ganji.com, have reportedly signed an agreement, according to a source knowledgeable about the matter. The source, who wished to remain anonymous, told

that the deal is closed. Multiple sources reported Wednesday, that the acquisition of Ganji.com by 58.com will be officially announced on Thursday.

reported on Tuesday, that an MoU had been signed. 58.com shares lost 4.5% Wednesday, closing at $64.74.

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Shares of Qihoo 360

rose Wednesday, on unconfirmed market chatter of a potential bid from Alibaba

. Spokespersons for Alibaba and Qihoo 360 were not immeidately available for comment. Qihoo 360 shares gained 129% Wednesday, closing at $1.01.

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Shares of Macerich

spiked higher Wednesday, on a press release from Land and Buildings and Orange Capital, LLC, announcing that they have formed an investment group to advocate for change at Macerich. Orange/L&B also released two letters sent by Land and Buildings to Art Coppola, Chairman and Chief Executive Officer of Macerich. One letter states the Macerich should reengage with Simon Property Group

, as there is only about a 5% difference between Simon's latest offer of $95.50 per share and Macerich Chairman's fair value of $105. Macerich shares rose almost 1.5% Wednesday, closing at $82.30.