Benzinga's M&A Chatter for Wednesday January 28, 2015

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday January 28, 2015:CommScope Agrees to Acquire TE Connectivity's Telecom, Enterprise, Wireless Businesses for $3B in Cash

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The Deal:
TE Connectivity Ltd. (NYSE: TEL) announced Wednesday, it has agreed to sell its Broadband Network Solutions business unit to CommScope (NASDAQ: COMM) for $3.0 billion. The Wall Street Journal reported on Monday that the two companies were close to a deal.The transaction is expected to close by December 31, 2015.TE Connectivity shares rose more than 4% Wednesday, closing at $67.45. CommScope shares rose 6%, closing at $27.13.SS&C Technology Reportedly in Talks to Acquire Advent Software for $45/ShareThe Rumor:

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Shares of Advent Software, Inc. (NASDAQ: ADVS) spiked higher Wednesday, on a report from

Bloomberg that SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) was in talks to acquire the accounting software company for approximately $2.3 billion or $45.00 per share, according to sources.SS&C declined comment on the report. Advent was not available for comment.Advent Software shares gained almost 10% Wednesday, closing at $41.63. SS&C Technologies shares gained 2%, closing at $54.54.KCG Announces Sale of KCG Hotspot to Bats Global Markets for $365MThe Deal:
KCG Holdings, Inc. (NYSE: KCG) announced Wednesday it has agreed to sell KCG Hotspot, to BATS Global Markets for $365 milliion in cash at closing. The transaction is expected to increase KCG`s tangible book value by approximately $2.00 per share. The deal is expected to be completed in Q2 of 2015.KCG shares closed Wednesday at $11.99, up $0.02.Hearing Unconfirmed Market Chatter of Potential $18.50 Bid for LifeLock from KKRThe Rumor:
Shares of LifeLock, Inc. (LOCK) rose Wednesday, on unconfirmed market chatter, that KKR & Co. L.P. (NYSE: KKR) was in talks to take the company private at $18.50 per share/A spokesperson for KKR declined comment on the rumor. A LifeLock spokesperson did not respond to a request for comment.LifeLock shares lost more than 3% Wednesday, closing at $14.48.