Benzinga's M&A Chatter for Thursday July 23, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 20, 2015:

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Technicolor

has agreed to acquire Cisco Systems, Inc.'s

customer premises equipment business for €550M in cash and stock. Upon closing of the transaction, Cisco will receive approximately €413 million in cash and €137 million in newly issued Technicolor shares. Cisco gained 1.74% Thursday, closing at $28.01.

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Shares of NetApp, Inc.

spiked to the high of the day on Thursday, on unconfirmed market chatter that the company had been approached by Cisco Systems, Inc.

regarding a potential takeover bid. The rumored offer is $44 per share There was unusual activity Tuesday in the July 24 $32 call at the time the rumor was circulated. NetApp and Cisco did not repsond to requests for comment on the rumor. NetApp gained $0.25 Thursday, closing at $31.32.

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Pearson plc

announced Thursday, that it has agreed to sell FT Group to Nikkei Inc. for £844 million in cash. Evercore, Goldman Sachs and J.P. Morgan Cazenove were financial advisors on the deal to Pearson on this transaction. Rothschild Group was financial advisor to Nikkei. Pearson shares closed at $19.10 on Thursday, a gain of $0.21.

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Shares of Gogo Inc.

moved higher Thursday, on unconfirmed market chatter that T-Mobile US, Inc.

had taken a 20% stake in the inflight internet company. Gogo declined comment on the rumor. T-Mobile commented that only agreement they announced with Gogo was for free in-flight texting last September. Gogo shares closed at $19.33 on Thursday, a gain of more than 1%.