Benzinga's M&A Chatter for Wednesday May 18, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday May 18, 2016: Fitbit Announces Acquisition of Payment Assets from Coin The Deal:
Fitbit, Inc. FIT announced Wednesday, it has acquired wearable payment assets of Coin, not including smart payment products, such as Coin 2.0. Financial terms were not disclosed. The transaction was completed on May 12. Fitbit shares fell $0.04 Wednesday to close at $14.13. Monsanto President Says Talk of Takeover by Bayer, BASF is Wild Speculation The President Comments:
Shares of Monsanto MON sold off Wednesday, following comments by the company President responding to rumors of bids from Bayer and BASF. Brett Begemann told Reuters on Wednesday, the rumor was "all wild speculation because there's nothing there." Begemann said the company was focusing on its own strategy. Last week multiple reports, mentioning potential offers from Germany's BASF and Bayer, sent Monsanto shares near $110. Monsanto closed at $97.13 on Wednesday, down $0.59. Anderson's Rejects HC2 Offers for $35, $37/Share The Rejection:
The Andersons, Inc. ANDE announced Wednesday, that its Board has rejected two non-binding, highly conditional, unsolicited proposals from HC2 Holdings, Inc. (NYSE MKT: HCHC) to acquire all outstanding shares of The Andersons. On January 29, 2016, The Andersons received a private, unsolicited proposal from HC2 to acquire the Company for $35 per share in cash and on March 22, 2016 for $37 per share in cash. The Andersons' Board unanimously rejected both proposals. The Andersons said "HC2's proposals ignore our value and prospects as a standalone entity and represent an opportunistic attempt to acquire the Company at a low point in the industry cycle". The Company also noted that HC2's letter dated May 17, 2016 contained numerous inaccuracies and misleading statements. Anderson's closed at $32.07 on Wednesday, up 23.63%.