Benzinga's M&A Chatter for Tuesday May 3, 2016

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday May 3, 2016:
Microsoft Acquires SolairThe Deal
:

Microsoft
MSFT
has acquired Internet of Things company Solair, according to their official blog. Terms were not disclosed. Microsoft closed at $49.78 on Tuesday, down 1.64%.
IMS Health, Quintiles to Merge in All-Stock TransactionThe Deal
:

IMS Health Holdings, Inc.
IMS
and Quintiles Transnational Holdings Inc.
Q
announced Tuesday an agreement under which the companies will merge in an all-stock transaction. IMS Health shareholders will receive 0.384 shares of Quintiles common stock for each share of IMS Health common stock. The transaction is expected to close in H2 of 2016. IMS Health closed at $25.92 on Tuesday, down 3.5%. Quintiles closed at $67.46 down 2.37%
Clorox to Acquire Renew Life
The Deal
:

The Clorox Company
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CLX
today announced the acquisition of dietary health brand Renew Life. Terms were not disclosed. Clorox closed at $129.43 on Tuesday, up 2%.
Pfizer Said to have Approached Medivation Regarding TakeoverThe Rumor
:

Shares of Medivation
MDVN
spiked up to $60.50 after-hours as
Reuters
reported that Pfizer
PFE
has made a takeover approach, according to sources. Late last month Sanofi's
SNY
$52.50 per share offer was rejected by Medivation's Board. AstraZeneca
AZN
and Novartis
NVS
are also said to have expressed interest in the maker of prostate cancer drug Xtandi. Medivation closed the regular session at $57.52 on Tuesday, down $0.49.
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Posted In: NewsRumorsM&AMovers
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