Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday November 29 throught Sunday December 1, 2013:

:

ArcelorMittal

announced Friday that it has entered into a 50/50 joint venture partnership with Nippon Steel & Sumitomo Metal Corporation

to acquire ThyssenKrupp Steel USA from ThyssenKrupp

for $1.55 billion. The deal, which includes a six-year agreement to purchase two million tonnes of slab annually from TK CSA, is subject to regulatory approvals. ArcelorMittal closed Friday at $17.17, a gain of more than 1%.

:

reported Sunday that Petrofac

is not interested in acquiring Foster Wheeler

, according to sources. The UK's

reported Sunday that Petrofac had entered a possible bidding war against Amec

.

had reported interest by Amec in Foster Wheeler on November 26. Foster Wheeler has declined comment on the reports. Foster Wheeler closed Friday at $30.33, a loss of $0.16.