Benzinga's M&A Chatter for Wednesday May 6, 2015

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday May 6, 2015:
Alexion To Acquire Synageva for $8.4BThe Deal
:

Alexion Pharmaceuticals, Inc.
ALXN
and Synageva BioPharma Corp.
GEVA
announced Wednesday, that Alexion will acquire Synageva for $115 in cash and 0.6581 Alexion shares per share of Synageva. The implied price per share $230 based on the nine day volume-weighted average closing price of Alexion stock through May 5, 2015. The deal is expected to close mid-2015. Synageva shares rose 112% Wednesday, closing at $203.39, while Alexion shares fell 8% to close at $155.01.
PlasmaTech Biopharmaceuticals Announces Agreement to Acquire Abeona TherapeuticsThe Deal
:

PlasmaTech Biopharmaceuticals, Inc.
PTBI
announced Wednesday, that it has entered into a definitive agreement to acquire Abeona Therapeutics for 3,979,761 common shares upon closing, plus up to an additional $9 million in performance milestones, in common stock or cash, at company's option. The deal is expected to close in Q2 of 2015. PlasmaTech Biopharmaceuticals shares gained 44% Wednesday, closing at $8.60.
Arch Could Bid for AxisThe Rumor
:

Shares of Axis Capital
AXS
spiked higher Wednesday, on a
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report from Insurance Insider
reported that Arch could bid for Axis. On April 14, Axis reiterated its commitment to its proposed merger with PartnerRe. The two companies announced an $11 billion merger agreement on January 25. Axis Capital shares rose ~2.5% Wednesday, closing at $53.40, while PartnerRE shares gained $1.14 to close at $128.44.
Western Union Says Not in Talks to Acquire MoneyGramThe Denial
:

The Western Union Company
WU
issued the following statement due to the high level of market activity in the stock Wednesday: "Western Union states that current news reports indicating that our company is in discussions to acquire MoneyGram International, Inc.
MGI
are not accurate."
Bloomberg
had reported on Tuesday, that Western Union was in talks to acquire Moneygram. Western Union shares rose more than 4% Wednesday to close at $21.85. MoneyGram shares rose 21% to close at $9.47.
Golden Gate Capital Said to be in Talks to Acquire Ann, Inc. in ~$2B DealThe Denial
:

Shares of Ann, Inc.
ANN
spiked higher after-hours Wednesday, on a report from
Reuters
that Golden Gate Capital was in advanced talks to acquire the women's apparel retailer in a deal that could be worth around $2 billion. Sources say a deal could be done in the low $40's per share. Spokespersons for Ann, Inc. and Golden Gate Capital declined comment on the rumor. Ann shares closed at $37.36 Wednesday and traded as high as $43.00 after-hours.
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Posted In: NewsRumorsM&AMovers
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