Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday December 24 through Sunday December 27, 2015:

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Bridgestone Americas, Inc. and Pep Boys

announced Friday that Bridgestone had increased the offer price to acquire all the outstanding shares of Pep Boys common stock from $15.50 per share to $17.00 per share in cash, or approximately $947 million. That's fifty cents per share higher than Carl Icahn's latest offer of $16.50 per share, presented on December 18. Icahn has indicated in a filing that he would beat any Bridgestone offer by $0.10 per share, up to $18.10. Pep Boys rose $0.11 Thursday, closing at $17.51.

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Anadigics, Inc.

announced Thursday, that it has received a revised offer from an excluded party to acquire along with the amended proposal from the competing bidder that was determined by the Board to be a "superior offer" as disclosed on December 23, 2015. GaAs Labs announced on Wednesday, it was matching the $0.48 per share offer of competing bidder. Anadigics closed at $0.55 on Thursday, a gain of 1.79%.

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ALPS, a subsidiary of DST Systems, Inc.

and Kaufman Rossin Fund announced Thursday, they have agreed that ALPS will acquire KRFS for $95 million in cash. The transaction is expected to close in Q1 of 2016. DST Systems closed at $115.10, a loss of $0.06%.