Benzinga's M&A Chatter for Monday June 3, 2013

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 3, 2013:
MAA and Colonial Properties Announce $8.6B MergerThe Deal
:

MAA
MAA
and Colonial Properties Trust
CLP
announced Monday that they have entered into a agreement under which MAA and Colonial Properties Trust will merge, with the combined company having a market capitalization of $8.6 billion. Under the terms of the agreement, each Colonial Properties Trust common share will be converted into 0.36 newly issued MAA common share, and the combined company will be an UPREIT. Upon completion of the merger, former MAA shareholders will own approximately 56 percent of the combined company's equity, and former Colonial Properties Trust shareholders will own approximately 44 percent. The transaction is expected to close during Q3 2013. Mid-America Apartment Communities closed at $65.89 Monday, a loss of 2% on 7 times average volume. Colonial Properties Trust gained 5.5% on 14 times average volume, closing at $23.37.
Market Chatter of Danone $85/Share Bid for Green Mountain Coffee RoastersThe Rumor
:

French food company and Dannon Yogurt parent Danone
DANOY
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, is rumored to be bidding as much as $85 per share for Green Mountain Coffeee Roasters
GMCR
, according to unconfirmed sources. Spokespersons for Green Mountain and Danone were unavailable for comment. Green Mountain Coffee Roasters closed at $73.31 Monday, a gain of $0.18 on average volume.
Blackstone Could Offer $18.50 to $20/Share for Heidrick & StrugglesThe Rumor
:

Two private equity firms, including Blackstone
BX
could be seeking a buyout of executive recruitment firm Heidrick & Struggles, according to
Financial Post
. Blackstone could offer $18.50 to $20 per share for H&S, according to sources. Spokespersons for Blackstone and Heidrick & Struggles were not available for comment on the report. Heidrick & Struggles closed at $17.25 Monday, a gain of almost 20% on 10 times average volume.
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