Benzinga's M&A Chatter for Thursday September 24, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday September 24, 2015: Diamond Foods Said to be in Talks with strategic Suitors The Rumor:
Diamond Foods DMND is said to be in talks with strategic suitors, according to dealReporter. The company is reportedly working with Credit Suisse to assist in finding a potential buyer. A spokesperson for Diamond Foods was not available for comment. Diamond Foods closed at $33.65 on Thursday, a gaining almost 10%. Korn Ferry Enters into Definitive Agreement to Acquire Hay Group for ~$452M The Deal:
Korn Ferry KFY announced Thursday, that it has agreed to acquire Hay Group for approximately $452 million. Approximately $252 million to be in cash, net of estimated acquired cash and after giving effect to estimated purchase price adjustments as described in the Purchase Agreement, and $200 million in stock. The deal is expected to close before the end of calendar year 2015. Korn Ferry closed at $34.94 Thursday, up 2.31%. Praxair Acquires Tecnogas The Deal:
Praxair, Inc. PX announced Thursday, that it has acquired Tecnogas, a local producer and distributor of carbon dioxide and industrial gases in Peru. Financial terms of the transaction were not disclosed. Praxair closed at $101.00 on Thursday, a gain $0.36. Excelon, Pepco Shares Spike Higher on Speculation of Merger Approval The Rumor:
Shares of Pepco Holdings, Inc. POM and Exelon Corporation EXC spiked higher Thursday, on speculation that the companies will submit an acceptable, revised merger proposal to the Public Service Commission of the District of Columbia by the deadline. A spokesperson for the Commission told Benzinga in an email, that they are waiting to see if a petition for reconsideration will be filed. The deadline for submission is Monday, September 28. On August 25, the Commission voted to deny the merger application. Pepco closed at $23.46 on Thursday, a gain 1%, while Excelon closed at $29.07, up $0.05.