Benzinga's M&A Chatter for Tuesday October 27, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday October 27, 2015:

Walgreens Boots to Acquire Rite Aid for $9.00/Share in CashThe Deal

Walgreens Boots Alliance, Inc.

WBA

and Rite Aid Corporation

RAD

announced Tuesday, that they have agreed that Walgreens Boots Alliance will acquire all outstanding shares of Rite Aid for $9.00 per share in cash, for a total enterprise value of approximately $17.2 billion. The deal is expected to close in H2 of 2016. Rite Aid shares rose 42% in the regular session on rumor of a potential deal, but fell 7% after-hours, when the deal was announced. .

Xilinx Said to be Reviewing Strategic OptionsThe Rumor

Xilinx

XLNX

shares surged higher Tuesday, on unconfirmed market chatter that the company had begun a strategic review of options, including a potential sale, according to sources. Xilinx is said to have hired Goldman Sachs to assist in the process. Qualcomm

QCOM

is said to be a potential buyer and the takeout price is reportedly around $58.00 per share in cash. Spokespersons for Xilinx and Qualcomm did not respond to requests for comment. Xilinx closed at $49.22 Tuesday, up 3%.

Three China Hotel Companies Seek Starwood AcquisitionThe Rumor

Shares of Starwood Hotels & Resorts

HOT

surged higher Tuesday, on a report from

The Wall Street Journal that at least three Chinese companies are competing to win government approval to bid to acquire Starwood, according to sources. Shanghai Jin Jiang International Hotels, HNA Group and China Investment Corp., have each presented a proposal to the Chinese government, the sources said. In April, CNBC's David Faber reported that Jana Partners and Dan Loeb's Third Point were potential buyers for Starwood. Starwood closed at $74.81 Tuesday, up 9%.

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