Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday, October 28 through Sunday October 30, 2016:

InvenSense Said to be Exploring Strategic Alternatives

The Rumor:
InvenSense INVN spiked to a high of $7.83 Friday, on a report from Reuters, that the semiconductor company is exploring strategic alternatives, including a potential sale, according to sources. InvenSense makes motion sensors for Apple and Samsung phones. InvenSense did not respond to a request for comment.

InvenSense closed at $7.48 on Friday, up 8.88.

Wahaha Said to be Seeking Financing for Potential Dean Foods Deal

The Rumor:
China's Hangzhou Wahaha group is said to have approached banks in Hong Kong regarding financing for a potential takeover bid for Dean Foods DF, according to sources as reported by Financial Times on Friday. Several private equity funds have also been approached, the sources said. Dean Foods declined comment on the report.

France's Danone had been said to be targeting Dean Foods in 2011, but instead it acquired Dean spinoff WhiteWave Foods WWAV.

Dean Foods closed at $18.49 on Friday, up 10.72%.

Baker Hughes Confirms GE Talks

The Rumor:
Baker Hughes BHI confirmed in a filing on Friday, that they have been in talks with General Electric GE, though nothing has been concluded. Dow Jones reported on Thursday, that GE was in talks to acquire Baker Hughes, according to sources for a deal that could be valued at as much as $30 billion.

A GE spokesperson told Bloomberg they are is in talks with Baker Hughes regarding possible partnerships, but not an acquisition.

Baker Hughes closed Friday at $59.12, up 8.38%.