Benzinga's M&A Chatter for Tuesday October 2, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday October 2, 2012:

:

MetroPCS

confirmed Tuesday they are in merger talks with Deutsche Telekom's

T-Mobile unit. That confirms earlier chatter. T-Mobile was mentioned as one of several potential buyers in a September 27 report from

. MetroPCS closed at $13.57 Tuesday, a gain of 17.80% on 5 times average volume.

:

Roche

is preparing to bid $60 per share for Illumina

, according to

. Roche offered $51 per share in April and said at the time a higher offer would not be in shareholders best interest. Illumina closed at $51.00 Tuesday, a gain of 4.02% on 7 times average volume.

:

Alex Roepers of Atlantic Investment Management mentioned his takeover ideas at the Value Investing Congress on Tuesday. Roepers mentioned Joy Global

, with at $105 price target. Also mentioned were Rockwood Holdings

and Energizer Holdings

. Joy Global closed at $56.27 Tuesday, a gain of 0.27% on lower than average volume. Rockwood Holdings closed at $47.37 Tuesday, a gain of 0.80% on average volume. Energizer Holdings closed at $74.26 Tuesday, a gain of 0.47% on lower than average volume.