Benzinga's Weekend M&A Chatter

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday November 13, 2015:
SouFun to Acquire Controlling Stake in WanliThe Deal
:

SouFun Holdings Limited
SFUN
announced Friday, that it had entered into a framework agreement with Chongqing Wanli New Energy Co., Ltd., IDG Capital Investment Consulting Beijing Co., Ltd., Xizang Ruidong Wealth & Investment Management Co. Ltd. and Mr. Xicheng Liu to acquire a controlling stake in Wanli's public shell, accompanied by a concurrent direct placement of Wanli shares to certain investors including IDG, Ruidong, Mr. Liu or their respective designated persons or third parties. The placement is expected to be made at the per share purchase price equal to 90% of the average trading price of Wanli's shares in the 20 trading days immediately before the public announcement of the board resolutions approving the Placement and is expected to raise about RMB2.5 billion to RMB5 billion which is expected to be used for the future business expansion of Wanli. SouFun shares rose 8.5% Friday, closing at $7.57.
Perrigo Shareholders Reject Mylan's Tender OfferThe Rejection
:

Mylan N.V.
MYL
announced Friday, that its offer to acquire all of the issued and to be issued share capital of Perrigo Company plc
PRGO
has lapsed. Approximately 40% of outstanding Perrigo ordinary shares, were validly tendered in the offer as of 8:00 AM ET on November 13, 2015. That is short of the 50% threshold required for Mylan to take control of Perrigo. Mylan had offered 2.3 Mylan shares and $75 in cash for each Perrigo share. Perrigo shares fell 6% Friday, closing at $146.90. Mylan shares rose 13%, closing at $48.78.
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Swedish Publication Says Cisco Targeting EriccsonThe Rumor
:

Swedish website Di.se
reported Friday, that Cisco
CSCO
, was looking to acquire Swedish communications technology company Ericcson
ERIC
. A Cisco spokesperson later denied the rumor, according to
Bloomberg
, saying the company was focused on its partnership with Ericcson. Ericcson closed at $9.24 on Friday, trading as high as $10.14.
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Posted In: NewsRumorsM&AMovers
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