Benzinga's M&A Chatter for Monday September 24, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday September 24, 2012: Hearing CIT Group for Sale The Rumor:
CIT Group CIT is for sale, according to Fox Business' Charles Gasparino. A spokesperson declined comment on the report. CIT Group closed at $41.25 Monday, a gain of 5.91% on almost 6 times average volume. Blair Says GE Likely Buyer for Joy Global The Rumor:
General Electric GE is a likely buyer for Joy Global JOY, according to a note from William Blair. Japan's Komatsu KMTUY has been mentioned most often as a potential buyer A spokesperson for GE declined comment on the note. A Joy Global spokesperson was not available. Joy Global closed at $60.17 Monday, a gain of 1.28% on 1.5 times average volume. Capstone Says Facebook Could Buy Millennial Media The Rumor:
Facebook FB could buy Millennial Media MM, according to a note from Capstone. Yahoo YHOO was also mentioned Monday as a potential buyer of MM by AllThingsD. A spokesperson for Millennial Media had no comment on the note. Millennial Media closed at $15.04 Monday, a gain of 0.33% on 2.5 times average volume. Hearing Chatter of PNC Financial Interest for Sun Trust Banks The Rumor:
PNC Financial PNC was rumored Monday as a possible buyer for Sun Trust Banks STI, according to sources. A spokesperson for PNC was unaware of the rumor and said it was not something they had discussed. A Sun Trust spokesperson declined comment. Sun Trust Banks closed at $29.08 Monday, a gain of 2.29% on 1.5 times average volume. Digital River to Acquire LML Payment Systems for $3.45/Share The Deal:
Digital River DRIV and LML Payment Systems LMLP announced Monday the signing of a definitive agreement whereby Digital River will acquire LML Payment Systems in an all cash transaction valued at $3.45 per share, or an aggregate purchase price of approximately $102.8 million. The transaction is subject to satisfaction of other customary terms and conditions and is expected to close during the fourth quarter in 2012 or the first quarter in 2013. The acquisition is expected to be accretive to Digital River's earnings in its 2013 fiscal year. LML Payment Systems closed at $3.40 Monday, a gain of 81.82% on 117 times average volume.