Benzinga's M&A Chatter for Tuesday, October 18, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday, October 18, 2016:

The Deal:
MakeMyTrip Limited MMYT and ibibo Group have agreed to combine the two travel businesses in India, under MMYT. Prior to closing , the $180 million, 5-year convertible notes issued by MakeMyTripd to Ctrip.com CTRP in January 2016 will be converted into common stock, giving Ctrip about 10% stake in the combined company.

The transaction is expected to close by the end of December 2016.

MakeMyTrip closed at $29.45 on Tuesday, up 44%.

Hearing Juniper LBO Chatter

The Rumor:
Shares of Juniper Networks JNPR rose to a high of $23.14 Tuesday, following a report that Carlyle Group CG was working on a LBO of the netwrrking company. "Sources" said a deal could happen at $28 per share.

Carlyle Group declined comment on the rumor. A Juniper Networks spokesperson said the company does not comment on rumors or speculation.

Juniper Networks closed at $22.85 on Tuesday, up 1.87%.

Blackstone in Lead to Buy Team Health

The Rumor:
Blackstone Group BX is said be the favorite to acquire Team Health Holdings TMH, according to sources as reported by Reuters on Tuesday. The sources said Blackstone is negotiating the final terms for a deal.

Blackstone and Team Health declined to comment on the Reuters report.

Team Health closed Tuesday at $40.25, up 7.19%.

Unconfirmed LBO Chatter in Campbell Soup

The Rumor:
Shares of Campbell Soup CPB spiked to a high of $55.20 Tuesday, on unconfirmed market chatter that Coca-Cola KO is working with 3G Captial to structure a take-over of Campbell. Sources say a potential deal could be value at approximately $66 per share or $20 Billion.

Last year a report surfaced that the Dorrance family, led by 17% shareholder Mary Alice Dorrance Malone, had hired an advisor to handle a potential sale of the company.

Campbell Soup closed Tuesday at $54.41, up 1.36%.