Benzinga's M&A Chatter for Thursday May 14, 2015

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday May 14, 2015:
QIWI Acquires Contact and RapidaThe Deal
:

QIWI plc
QIWI
announced Thursday, that it has entered into an agreement to acquire 100% ownership of the Contact money transfer system and the Rapida payment processing system from Otkritie Financial Group. QIWI will issue 5,593,041 class B shares to Otkritie in exchange for all of the outstanding interests in Contact and Rapida. The deals are expected to close in two installments by mid-September 2015. Qiwi shares rose almost 16%, to close at $34.64.
Hearing Rio Tinto Could Bid for Freeport McMoranThe Rumor
:

Shares of Freeport-McMoRan Inc.
FCX
rose early Thursday, on unconfirmed market chatter that Rio Tinto plc
RIO
could offer $38.00 per share in cash. Sources say the two companies have held talks. A spokesperson for Freeport McMoran declined comment. A Rio Tinto representative was not immediately available for comment. Freeport McMoran shares gained $0.19 Thursday, closing at $22.80.
PTG Capital Files $18.75/Share Offer for AvonThe Offer
:

Shares of Avon Products
AVP
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spiked higher Thursday, and were halted three times on circuit-breakers, as a company calling itself PTG Capital Partners filed to offer $18.75 per share for the cosmetics company. Avon says it did not receive an offer from PTG and was not able to verify that the company existed. The SEC is reportedly reviewing the legitimacy of the offer according to sources, according to
Bloomberg
. Another source said the offer was a hoax, according to the
Wall Street Journal
. Avon shares gained 6% Thursday, to close at $7.07.
Avago Reportedly Contacted Xilinx, Maxim Regarding Potential TakeoverThe Rumor
:

Avago Technologies Ltd
AVGO
, is considering buying another chipmaker, according to sources as reported by
Reuters
. The list of possible acquistions includes Xilinx Inc
XLNX
, Maxim Integrated Products Inc
MXIM
as well as Renesas Electronics
RNECY
and Avago could spend over $10 billion, according to those sources. Avago shares gained 3% Thursday, to close at $126.94.
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Posted In: NewsRumorsM&AMovers
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