Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday December 18 through Sunday December 20, 2015:Qihoo 360 Enters into Definitive Agreement for Going Private Transaction for ~$9.3BThe Deal:
Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) announced Friday, that it has agreed to be acquired by a consortium of investors including, Citic Guoan, Golden Brick Silk Road Capital, Sequoia Capital China, Taikang Life Insurance, Ping An Insurance, Sunshine Insurance, New China Capital, Huatai Ruilian and Huasheng Capital for $77.00 per ADS in cash, The transaction is valued at approximately $9.3 billion, including the redemption of approximately $1.6 billion of debt.The merger is expected to close in H1 of 2016.Qihoo 360 rose 1.66% Friday, closing at $73.00.Bayer Could be Viewing Zoetis as Potential Takeover TargetThe Rumor:
Bayer (OTC: BAYRY) is said to be seeking a takeover in the life sciences segment and Zoetis (NYSE: ZTS) could be a target, according to sources, as reported by Reuters on Friday. Pfizer's consumer health business, could also be a potential acquisition for the German healthcare and agricultural products company.Bayer, Zoetis and Pfizer declined to comment on the report.Zoetis fell $0.13 Friday, closing at $46.60. ChemChina Said to Raise Offer for Syngenta to $44BThe Rumor:
ChemChina has reportedly raised ts offer to acquire Syngenta AG (NYSE: SYT) to $44 billion, according to sources reported by Bloomberg late Friday. The offer is being made in two-stages, with ChemChina proposing to acquire 70 percent of Syngenta now, with an option to acquire the remaining 30 percent at a later date, the sources said.Syngenta and ChemChina were not immediately available for comment. Benzinga first reported on December 9 that ChemChina was increasing its offer from Syngenta to $44 billion, according to sources.Syngeta closed at $74.93 on Friday and traded as high as $80.00 after-hours.