Benzinga's M&A Chatter for Wednesday April 11, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 11, 2012:

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L-3 Communications

announced Wednesday that it has entered into an agreement to acquire the assets of Thales Training & Simulation Ltd's civil aircraft simulation and training business. The purchase price is £83 million (approximately $132 million) and will be funded with cash on hand. The acquisition is anticipated to be completed in the summer of 2012, subject to customary closing conditions and regulatory approvals, and will be substantially structured as an asset purchase for income tax purposes. For the 12 months ending December 31, 2012, the new civil aircraft training and simulation business is expected to generate sales of approximately $150 million. The acquisition is expected to be immediately accretive to L-3's results of operations. L-3 Communications closed at $68.23 Wednesday, a gain of 1.22% on average volume.

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TravelZoo

has put itself up for sale according to Reuters sources. TravelZoo's share price has fallen sharply since hitting a high over $100 in April 2011. A spokesperson for TravelZoo would not comment on the Reuters report, saying the company was currently in a "quiet period". TravelZoo closed at $27.06 Wednesday, a gain of 28% on 9 times the average daily volume.

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Expedia

is in talks with private equity firms for a possible takeover. The rumored asking price is around $45 per share. This rumor came on the heels of the earlier one involving competitor TravelZoo. A spokesperson for Expedia was not available for comment. Expedia closed at $31.89 Wednesday, a gain of 0.57% on slightly less than the average daily volume.

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Watson Pharmaceutical

will close its deal to acquire Actavis by the end of this month, according to sources. The deal was first rumored on March 21, but not confirmed. Benzinga spoke today with representatives of both Watson and Actavis, but neither would confirm or deny the report. Watson Pharmaceutical closed at $66.98 Wednesday, a gain of 1.72% on slightly more than the average daily volume.

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Pepsico

is rumored to be in talks to acquire SodaStream

for around $45 per share, according to sources. On February 7, Kraft was rumored to be a buyer of the manufacturer of home beverage carbonation systems. Spokespersons for SodaStream and Pepsico could not be reached for comment. SodaStream closed at $33.68 Wednesday, a gain of 1.20% on half the average daily volume.

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Shandong Gold has withdrawn its bid for Jaguar Mining

, according to sources. Shandong was first rumored to have bid $9.30 per share to acquire Jaguar back on November 16, 2011. Neither party confirmed that offer. Benzinga attempted to contact Jaguar Mining, but the company failed to respond. Jaguar Mining closed at $3.54 Wednesday, a loss of 23% on 8 times the average daily volume.

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Transocean

may be getting an investment from a Chinese wealth fund. Sources say the fund may be taking a 20% stake in Transocean for as much as $65 per share. A Transocean spokesperson was not available for comment. Transocean closed at $49.14 Wednesday, a loss of 1.33% on slightly more than the average daily volume.