Benzinga's M&A Chatter for Tuesday March 22, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday March 22, 2016:Centene, Health Net Receive DMHC Regulatory ApprovalThe Approval:
Centene Corporation (NYSE: CNC) and Health Net, Inc. (NYSE: HNT) announced Tuesday, approval from the California Department of Managed Health Care for Centene's planned merger with Health Net. The deal is expected to close shortly after receipt of approval from the California Department of Insurance.Centene and Health Net announced a $6.8 billion merger agreement in July 2015.Centene closed at $60.38 on Tuesday, up 4.14%. HealthNet rose 3.5% to close at $64.81.Nexstar Media General Deal in JeopardyThe Rumor:
Shares of Media General (NYSE: MEG) sold off Tuesday, on a report from Deal Reporter that its takeover by Nexstar Broadcasting (NASDAQ: NXST) could be in Jeopardy, according to sources. The American Cable Association called today for the FCC to block the merger.Nexstar and Media General, Inc. (NYSE: MEG) announced on January 27 that they had agreed Nexstar would acquire all outstanding shares of Media General for $10.55 per share in cash, plus 0.1249 of a share of Nexstar Class A common stock for each Media General share.Media General closed at $16.36, down 2.44%. Nexstar fell 2.72% to close at $45.00.Sun Communities to Acquire Carefree Communities for $1.68BThe Deal:
Sun Communities, Inc. (NYSE: SUI) has entered into an agreement to acquire Carefree Communities from Centerbridge Capital Partners II, L.P. and its related entities in a transaction for approximately $1.68 billion in cash and stock. The deal is expected to close no later than July 9, 2016.Sun Communities closed at $68.36 on Tuesday, up $0.14.