Benzinga's M&A Chatter for Tuesday June 24, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday June 24, 2014:

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Endo International

announced Tuesday that it has agreed to acquire privately-held DAVA Pharmaceuticals for $575 million in cash, plus additional cash consideration of up to $25 million contingent on achieving certain sales milestones. The deal is expected to close in H2 of 2014. Endo International closed Tuesday at $70.26, a gain of more than 2%.

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ARC Group Worldwide (ARCW) announced Tuesday, it has agreed to acquire precision metal stamping company, Kecy Corporation for $26 million in cash. The closing of the Kecy Acquisition is expected to occur on June 25, 2014. ARC Group closed Tuesday at $17.54, a gain of almost 2%.

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IMS Health

announced Tuesday, its intention to acquire certain Cegedim information solutions and Customer Relationship Management businesses for approximately $520 million in cash. The deal is expected to close in early 2015. IMS Health closed Tuesday at $23.21, and traded as high as $24.76 after-hours.

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Shares of Allergan

spiked higher Tuesday, on comments by Valeant

CEO Pearson, that major Allergan shareholders supported the $53 billion bid by Valeant, and the company would soon have enough support for an Allergan shareholder vote on the hostile takeover attempt. Pearson also said Valeant was pursuing no other large deals, while they are working on completing the Allergan deal. 25% of Valeant shareholders are needed to convene the vote. Activist investor Bill Ackman holds almost a 10% stake in Allergan. Allergan closed Tuesday at $165.35, a gain of $0.53. Valeant closed at $120.52, a loss of $0.69.

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Aetna

is considering a sale of Coventry Health Care assets valued at as much as $1.5 billion, according to sources reported by

. Aetna is reportedly working with Bank of America/Merrill Lynch on the sale process. Aetna completed its $5.6 billion acquisition of Coventry Health Care in May 2013. Aetna closed Tuesday at $80.99, a loss of more than 1%.