Wall Street's M&A Chatter From January 4

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday January 4, 2017.

Pfizer said to be Preparing Bid for Acadia

The Rumor:

Shares of Acadia Pharmaceuticals ACAD spiked higher and continued higher on Wednesday on unconfirmed takeover chatter. "Sources" say Pfizer PFE is in talks to acquire Acadia for $44.00 per share.

A spokesperson for Acadia declined comment. Acadia is scheduled to present on January 10 at the JPMorgan Healthcare Conference at 4:30 p.m. ET.

Acaida closed Wednesday at $31.94, up 11.02 percent.

Amazon, Forever 21 Considering Bid for American Apparel

The Rumor:

Amazon.com Inc AMZN and Forever 21 are said to be considering offers to acquire bankrupt American Apparel, according to sources as reported by Reuters. Next Level Apparel and Authentic Brands Group LLC are also in talks to submit bids for American Apparel, ahead of a Friday deadline, the sources said.

Gildan Activewear GIL had agreed to acquire American Apparel's intellectual property assets and inventory in November for $66 million.

Rockwell Collins Acquires Pulse.Aero, No Terms Disclosed

The Deal:

Rockwell Collins COL has acquired UK-based Pulse.Aero Limited, which specializes in self-service bag drop solutions and airline applications. Terms were not disclosed.

Rockwell Collins closed at $93.30 on Wednesday, up $0.21.