Benzinga's M&A Chatter for Wednesday August 5, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday August 4, 2015:

:

Shares of FireEye

spiked higher Wednesday, on unconfirmed market chatter of a potential bid from IBM. The rumored bid is said to be $56 per share. IBM has been mentioned multiple times as a possible suitor for Fireye. A spokesperson for IBM declined comment. A Report that IBM denied the talks with FireEye were confirmed by Benzinga as not true. FireEye did not respond to a request for comment. FireEye closed at $44.40 on Wednesday, a drop of 2%.

:

Shares of Baidu

rose Wednesday, on unconfirmed market chatter that management was preparing a "going private" offer of $200 per share. Baidu closed at $172.74 Wednesday, a gain of almost 1.5%.

:

Tecumseh Products Company

announced Wednesday that an affiliate of Mueller Industries and Atlas Holdings will acquire Tecumseh through a tender offer for all the outstanding common stock shares of Tecumseh for $5.00 per share in cash or $123M. Tecumseh's Board has unanimously approved the merger agreement. The deal is expected to close in Q3 of 2015. Tecumseh closed at $4.97 Wednesday, a gain of 153%.

:

SolarCity

and ILIOSSON, S.A. de C.V. announced Wednesday, that SolarCity will acquire ILIOSS for $9.5 million in cash, subject to adjustments, plus an additional $5 million upon the successful achievement of a battery storage deployment milestone as set forth in the agreement The deal is expected to be completed in August 2015. SolarCity closed at $60.17 Wednesday, a gain of 2%.