Benzinga's M&A Chatter for Wednesday March 9, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday March 9, 2016: iMeigu Submits Preliminary Non-binding Proposal to Acquire Dangdang for $8.80/ADS in Cash The Offer:
Meigu Capital Management Ltd.announced Wednesday that it submitted a preliminary non-binding proposal to acquire all of the outstanding Class A and B common shares and ADSs for $8.80 per ADS. The Proposal is non-binding and subject to further negotiation of definitive agreements. In July 2015, Chairwoman Peggy Yu Yu and CEO Guoqing Li offered to acquire all of the outstanding ordinary shares of the company not already beneficially owned by the buyers for $7.812 in cash per ADS. Dangdang closed at $7.18 on Wednesday, up 8.62%. Chesapeake Considers Sale of Oklahoma Shale Field Assets The Rumor:
Chesapeake Energy Corp. CHK is considering selling some of its holdings in the Stack in Oklahoma, according to sources as reported by Reuters on Wednesday. The assets could sell for between $300 million and $700 million, the sources said, though no adviser has been retained to handle a potential deal. Chesapeake did not respond to a request for comment. Chesapeake Energy closed at $4.63 on Wednesday, up 7.67%. Hallmark Proposes to Acquire Crown Media for $5.05/Share The Offer:
Hallmark CEO Donald J. Hall Jr., announced Wednesday, that Hallmark intends to acquire all of Crown Media Holdings, Inc.'s CRWN outstanding shares not already owned by Hallmark and affiliates, for $5.05 per share. The offer was reported in a 13D filing. Crown Media closed at $5.10 on Wednesday up 3.45%.