Benzinga's M&A Chatter for Monday May 9, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday May 9, 2016: Krispy Kreme to be Acquired by JAB Beech for $21/Share in Cash The Deal:
Krispy Kreme Doughnuts, Inc. KKD and JAB Beech Inc., announced Monday, that JAB Beech will acquire Krispy Kreme for $21 per share in cash, or a total equity value of approximately $1.35 billion. Krispy Kreme will become a privately owned company and will continue to operate from the company's headquarters in Winston-Salem, NC. The transaction is expected to close in Q3 of 2016. Krispy Kreme closed at $20.96 on Monday, up 24%. Ferro Corporation Announces Exploring Strategic Alternatives The Strategic Review:
Ferro Corporation FOE confirmed Monday, that its Board of Directors is exploring potential strategic alternatives to enhance shareholder value and has retained Lazard Frères & Co. as its financial advisor. Bloomberg reported in March that Ferro had rejected an approach from Apollo Global Management APO. Ferro closed at $13.82 on Monday, down $0.10. Medivation to Explore Sale; Signs NDA's With Pfizer, Amgen The Rumor:
Medivation Inc MDVN is said to have decided to explore a potential, according to sources as reported by Reuters on Monday. Pfizer Inc PFE and Amgen Inc AMGN are among the companies that have signed non-disclosure agreements with Medivation, the sources said. Sanofi SNY announced an offer of $52.50 per share for Medivation on April 28. That offer was rejected. Medivation, Sanofi, Pfizer and Amgen declined to comment on today's report. Medivation closed at $62.54 on Monday, up 4%. SBE Entertainment to Acquire Morgans Hotel Group for $2.25/Share The Deal:
Morgans Hotel Group Co. MHGC confirmed Monday, it has entered into a definitive agreement to be acquired by SBE for $2.25 per share in cash, or an enterprise value of approximately $794 million. The transaction is expected to close in Q3 or Q4. Morgans Hotel Group closed at $2.10 on Monday, up 10%.