Benzinga's M&A Chatter for Monday December 28, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday December 28, 2015: Icahn Raises Offer for Pep Boys to $18.50/Share The Offer:
Icahn Enterprises IEP on Monday announced it had presented to Pep Boys PBY, a proposal to acquire all outstanding shares of the company for $18.50 per share in cash. Icahn Enterprises said it could be willing to bid in excess of $18.50 per share, unless Pep Boys agrees to any increase of Bridgestone's termination fee. The Pep Boys Board announced later that the Icahn proposal was superior to the Bridgestone transaction. Bridgestone had raised its offer to acquire Pep Boys to $17.00 per share in cash on Thursday. Pep Boys closed at $17.41 on Monday and traded as high as $18.65 after-hours. IHS Acquires CARPROOF for $460M The Offer:
IHS Inc. IHS announced Monday, it has acquired CARPROOF Corporation for approximately $460 million. IHS had acquired Carfax in July 2013. IHS rose 2.40% Monday, closing at $119.16. PetroChina to Sell Kunlun Gas to Kunlun Energy for $2.29B The Deal:
PetroChina said on Monday, it agreed to sell its Kunlun Gas Co. business to its natural-gas distribution unit Kunlun Energy Co. for 14.83 billion yuan, approximately $2.29 billion. The deal is subject to approval by Kunlun Energy's shareholders and government authorities. PetroChina closed at $67.79, a loss of 2.82%.