Benzinga's M&A Chatter for Wednesday June 19, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday June 19, 2013:

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Shares of both Elan

and Forest Labs surged higher Wednesday on a report from

that Forest may bid for the Irish drugmaker. Elan rejected an offer of $13 per share, plus CVR worth up to $2.50 per share from Royalty Pharma. Royalty withdrew its bid on Wednesday. Both Elan and Forest Labs declined comment on the report. Elan closed at $14.15 Wednesday, a gain of 4.5% on 4 times average volume.

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Dish Network

announced late Tuesday in a press release that it would be unable to submit a revised offer for Sprint

, in part due to "the decisions made by Sprint to prematurely terminate our due diligence process and accept extreme deal protections in its revised agreement with SoftBank

. Dish now intend to focus its efforts on "completing the Clearwire

tender offer.” Dish closed at $39.27 Wednesday, gaining $0.18, while Sprint fell 4% to close at $7.00.

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TripAdvisor

announced Wednesday it has acquired GateGuru, the leading mobile resource for flight and airport information around the world. Terms were not disclosed. TripAdvisor closed at $63.77 Wednesday, a loss of $0.08 on lower than average volume.

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Tyco

announced Wednesday that the company has reached an agreement to acquire Exacq Technologies for $150 million in cash. The deal is expected to close later this year. Tyco closed at $33.39 Wednesday, a loss of 1% on average volume.

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Stratasys

announced Wednesday the signing of a definitive merger agreement whereby privately held MakerBot has agreed to merge with a subsidiary of Stratasys in a stock-for-stock transaction valued at approximately $403 million.The merger is expected to be completed during Q3 2013. Stratasys closed at $84.60 Wednesday, and traded over $87.00 after-hours.