Benzinga's M&A Chatter for Monday September 9, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday September 9, 2013

:

Western Digital Corp.

and Virident Systems announced Monday that they have agreed that Virident will be acquired by HGST, a wholly owned subsidiary of Western Digital for approximately $685 million in cash. The deal is expected to close by the end of Q4 of 2013. Shares of Fusion-io

surged higher on a note from Craig-Hallum that it may be acquired by Western Digital competitor Seagate Technology

. A Needham note said a deal could be done at $20 per share or higher. A spokesperson for Seagate declined comment. A Fusion-io spokesperson was not available. Western Digital closed Monday at $65.40, a gain of $0.41, while Fusion-io closed at $13.59, a gain of more than 25%.

:

Shares of Umpqua Holdings

rose more than 5% Monday on a report from

that it is in talks to acquire Sterling Financial

. Sterling Financial shares rose 3.5% on the report. Spokespersons for Umpqua and Sterling Financial did not return

calls. Umpqua Holdings closed at $17.11 Monday, while Sterling Financial shares closed at $27.72.

:

Ares Management LLC and The Canada Pension Plan Investment Board have acquired Neiman Marcus from TPG and Warburg Pincus for $6 billion. TPG and Warburg Pincus have owned Neiman Marcus since 2005. The deal likely ends the prospect of an IPO, which was planned by the current owners.