Benzinga's M&A Chatter for Monday June 20, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 20, 2016:

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Federal-Mogul Holdings Corporation

confirmed Monday, that Icahn Enterprises L.P.

, raised its offer to purchase the shares of Federal-Mogul common stock not owned by IEP to $8 per share in cash, IEP had offered $7.00 previously, in a letter dated February 28th. Federal Mogul closed Monday at $8.48 up 4%.

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Twitter Monday it has acquired the developer of machine learning and visual processing technology, Magic Pony Technology. Terms were not disclosed. Twitter closed at $16.34 on Monday, up 1.5%.

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Walmart

and JD.com

announced Monday, that they have formed a strategic alliance covering e-commerce and retail. As part of the agreement JD.com will take ownership of Wal-Mart's Yihaodian marketplace platform assets, including the Yihaodian brand, website and app. Walmart will continue to operate the Yihaodian direct sales business and will be a seller on the Yihaodian marketplace. Under the agreement, Walmart will receive 144,952,250 newly issued JD.com Class A ordinary shares, amounting to approximately 5% of total shares outstanding. JD.com closed at $21.06 on Monday up 4.62%.