Benzinga's M&A Chatter for Tuesday March 29, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday March 29, 2016: Staples Close to Receiving FTC Approval for Office Depot Acquisition The Rumor:
Staples SPLS is said to be close to winning its case against the Federal Trade Commission, which could clear the way for its acquisition of Office Depot ODP, according to sources as reported by the late Monday. Judge Emmet Sullivan, who is overseeing the FTC suit, said he will consider a motion from Staples' attorneys to dismiss the case when the agency concludes its arguments this week. A source told the Post that could mean the judge feels the FTC has failed to make its case. CTFN later reported that Judge Sullivan had urged the parties to work out a deal, including allowing the merger to go through. Staples closed at $11.10 on Tuesday, up 1.83%. Office Depot shares rose 2% to close at $7.59. Nestle Said to be Exploring Potential Bid for General Mills The Rumor:
Nestle SA NSRGF is said to be exploring a potential acquisition of General Mills, Inc. GIS, according to unconfirmed market chatter. "Sources" say Nestle SA is close to completing the financing to acquire General Mills in a deal value at $70 per share in cash, or more than $41 billion. General Mills and Nestle did not respond to requests for comment. General Mills closed at $62.94 on Tuesday, up 1.71%. Tinder Acquires Humin The Deal:
Tinder announced Tuesday, its acquisition of contextual relationship and contact management platform, Humin. Financial terms were not disclosed. Tinder is owned by Match Group, Inc. MTCH. Match Group closed at $10.86 on Tuesday, down $0.01. Pinnacle Entertainment to Acquire the Operations of the Meadows Racetrack and Casino from Gaming & Leisure Properties for $138M The Deal:
Pinnacle Entertainment, Inc. PNK announced Tuesday, that it entered into a definitive agreement to acquire the operations of the Meadows Racetrack and Casino from Gaming and Leisure Properties, Inc. GLPI for $138.0 million. The deal is expected to close in Q3 of 2016. Pinnacle Entertainment closed at $34.35 on Tuesday, up 3.5%.