Benzinga's M&A Chatter for Tuesday March 26, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday March 26, 2013:

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BioFuel Energy

announced Tuesday that it has engaged Piper Jaffray & Co to act as its financial adviser to assist the company in exploring strategic alternatives, including a potential sale of one or both of its plants. BioFuel Energy closed at $5.64 Tuesday, a gain of almost 2% on lower than average volume.

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EDAC Technologies

and Greenbriar Equity Group LLC announced Tuesday that GB Aero Engine Merger Sub Inc. has commenced the previously-announced tender offer for all of the outstanding shares of common stock of the Company at a price of $17.75 per share, net to the seller in cash without interest. GB Aero Engine Merger Sub Inc. and its parent company, GB Aero Engine LLC, are affiliated with Greenbriar. Edac Technologies closed at $17.73 Tuesday, a gain of $0.05 lower than average volume.

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Founder Robert F. Maguire III plans a bid for the remaining Los Angeles office buildings owned by MPG Office Trust

, according to an email from Maquire. He founded MPG in 1965. A spokesperson for MPG declined comment on the report MPG Office Trust closed at $2.70 Tuesday, a gain of 7.50% on 4.5 times average volume.