Benzinga's M&A Chatter for Monday February 22, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday February 22, 2016:

:

Alken Asset Management, holder of more than five million shares of Western Digital Corporation stock

, says it intends to vote against the acquisition of SanDisk Corporation

at the upcoming Special Meeting of Western Digital Shareholders, scheduled for March 15, 2016. The comments were made in a letter to Western Digital's Board of Directors. Western Digital announced its intention to acquire SanDisk for $19 billion, or $86.50 per share on October 21, 2015 for. Alken says that's too much of a premium from the price at the end of September 2015. SanDisk closed at $66.64 on Monday, down 3.27%.

:

Shares of United Technologies

surged higher Monday, following a David Faber/CNBC report that they have been in merger talks with Honeywell

, according to sources. The

later reported that United Technologies had rejected the approach from Honeywell on antitrust concerns. Honeywell told Benzinga, "We have no comment." United Technologies did not respond to a request for comment. United Technologies shares rose 6.35% on Monday, to close at $93.88.

:

Oracle announced an agreement today to acquire Ravello Systems. All Ravello employees will be joining Oracle as part of Oracle Public Cloud. Terms were not disclosed. Oracle closed at $37.11 on Monday, up $0.33.