Benzinga's M&A Chatter for Wednesday April 13, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 13, 2016:

:

Shares of FitBit

rose Wednesday, on unconfirmed market chatter of a potential bid from Nike

. Last month, a similar report surfaced mentioning a potential $25 offer. Other potential suitors for FitBit mentioned previously include UnderArmour

and Microsoft

. Spokespersons for Nike and FitBit were not available for comment. FitBit closed at $20.22 on Wednesday, up 4%.

:

McCormick & Company, Incorporated

announced Wednesday, that it does not intend to make an offer for Premier Foods. After completing its due diligence, McCormick has determined that it would not be able to make an offer that would be acceptable to the Premier Board and also be appropriate for its own shareholders. McCormick closed at $96.72 on Wednesday, down 2.20%.

:

Shares of Time Warner

surged higher Wednesday, on unconfirmed market chatter of a potential bid from AT&T

. "Sources" say AT&T could bid $88 per share in cash and stock. The

reported a similar rumor in January. Time Warner closed at $75.00 on Wednesday, up 1.67%.

:

Lonza Group AG

has made an offer to acquire Catalent Inc

, according to sources as reported by

on Wednesday. The companies have not yet agreed on a purchase price, the sources said. Lonza and Catalent did not respond to requests for comment. Catalent closed at $29.66 on Wednesday, up 4.14%, after trading as high as $32.24.