Benzinga's M&A Chatter for Tuesday January 12, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday January 12, 2016:

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ANADIGICS, Inc.

announced Tuesday, that Party A's January 11, 2016 Proposed Amended Merger Agreement offer of $0.66 per share in cash, constitutes a Superior Offer to Party B's January 8, 2016 Proposed Amended Merger Agreement. GaAs Labs, which offered $0.62 per share on January 7 has two business days in which to deliver to ANADIGICS, an acquisition proposal that would cause Party A's January 11, 2016 Proposed Amended Merger Agreement to no longer constitute a Superior Offer. ANADIGICS closed at $0.68 on Tuesday, up 9.52%.

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Lexmark International Inc

is considering the sale of its hardware and software assets separately, according to sources as reported by

on Tuesday. Lexmark is said to be in talks with private equity firms regarding the assets. Lexmark reportedly decided to consider the separate asset sales after not receiving any offers for the entire company, the sources said. Lexmark closed at $28.64 on Tuesday, up 1.741%.

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Time Warner

CEO Jeff Bewkes told investors Monday that he opposes selling or spining off HBO, but might consider a sale of the entire company, according to sources reported the

on Tuesday. Bewkes reportedly feels splitting could destroy value. There have been multiple reports of a potential deal between the Time Warner and 21st Century Fox

over the past week, as well as heavy option trading. Carl Icahn denied rumors that he has taken a stake in TWX. Time Warner closed Tuesday at $71.09, a gain of 2.13%.