Benzinga's M&A Chatter for Tuesday March 8, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday March 8, 2016:

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Shares of FitBit

spiked higher Tuesday on renewed market chatter of a potential takeover offer from Nike

. "Sources" said Nike executives were in communication with FitBit, with a potential buyout at $22.00 to $25.00 per share. FitBit closed at $13.05 on Tuesday, up $0.02.

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Vivint Solar

announced Tuesday, that it delivered a letter to SunEdison, Inc.

notifying it that, as a result of SunEdison's failure to meet its obligations, Vivint Solar has terminated the merger agreement. Vivint Solar later announced a lawsuit against SunEdison SunEdison announced in July 2015 it was acquiring Vivant Solar for $2.2 billion. SunEdison closed at $2.00 on Tuesday, up $0.10. Vivant Solar lost 20% on Tuesday to close at $4.17

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Canada's Encana Corp NYSE: ECA) is said to be considering the sale of additional non-core assets in the U.S. and Canada valued, according to sources as reported by

on Tuesday. The assets could be valued at approximately $1 billion, the sources said. A spokesman for Encana declined comment. Encana closed at $5.22 on Tuesday down 14.43%.