Benzinga's M&A Chatter for Tuesday May 31, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday May 31, 2016: Marketo to be Acquired by Vista Equity Partners $35.25/Share The Deal:
Marketo, Inc. MKTO announced Tuesday, that it has entered into a definitive agreement to be acquired by Vista Equity Partners for $35.25 in cash per share, or approximately $1.79 billion. The transaction is expected to close in Q3 of 2016. JMP said later that Microsoft MSFT, SAP SAP and Adobe ADBE may also submit bids for Marketo. Marketo rose 9.41% Tuesday to close at $35.23. Platinum Equity to Acquire Electro Rent for $13.12/Share in Cash The Deal:
Platinum Equity and Electro Rent Corporation ELRC announced Tuesday, that they have entered into a definitive agreement, under which Electro Rent will be acquired by Platinum Equity for $13.12 per share in cash, or approximately $323.4 million. The transaction is expected to close in the next 90 to 120 days. Electro Rent closed at $13.10 on Tuesday, up 24.17%. Accel-KKR to Acquire SciQuest for $17.75/Share in Cash The Deal:
SciQuest, Inc. SQI announced Tuesday, that it has entered into a definitive agreement to be acquired by affiliates of Accel-KKR for $17.75 per share in cash, for a total equity value of approximately $509 million. The transaction is expected to close in Q3 of 2016. SciQuest closed at $17.64 on Tuesday, up 33%. Thoma Bravo Said to Offer $28-$30/Share for Qlik Technologies The Rumor:
Private equity firm Thoma Bravo is preparing to submit a binding bid for Qlik Technologies Inc QLIK as early as Tuesday, according to sources as reported by Reuters. The bid is said to be between $28 and $30 per share in a deal that will value Qlik at as much as $2.8 billion. Qlik Technologies closed at $28.70 on Tuesday, down 10%.