Benzinga's M&A Chatter for Friday September 7, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday September 7, 2012: Syswin Announces Receipt of 'Going Private' Proposal at $0.50 Per Ordinary Share and $2.00 Per ADS The Offer:
Syswin SYSW announced Friday that its Board of Directors has received a preliminary non-binding proposal letter dated September 7, 2012 from Mr. Liangsheng Chen ("Mr. Chen"), Chief Executive Officer, President and a director of the Company, to acquire all of the outstanding shares of the Company not currently owned by him and his affiliates in a going private transaction for US$0.50 per ordinary share and US$2.00 per American Depositary Share ("ADS", each ADS representing 4 ordinary shares) in cash. Mr. Chen and his affiliates currently own approximately 59.82% of the Company's ordinary shares. According to the proposal letter, the acquisition is intended to be financed through a combination of debt and equity financing. Syswin closed at $1.87 Friday, a gain of 16.87% on 3 times average volume. Hearing Monster Worldwide to Receive Final Bids The Rumor:
Monster Worldwide MWW is to receive final bids soon from prospective buyers, according to Deal Reporter. Some of the names mentioned include Microsoft MSFT, Oracle ORCL, News Corp NWSA and Salesforce.com CRM. There has been frequent chatter in MWW over the past few months, with several private equity firms and LinkedIn LNKD also mentioned as potential buyers. In March, Monster said it had retained Stone Key Partners and Bank of America Merrill Lynch to review strategic alternatives, Shares of Monster Worldwide sold off late Friday. A company spokesperson would not speculate on the cause. Monster Worldwide closed at $7.40 Friday, a loss of 6.33% on 5.5 times average volume.