Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday February 21 through Sunday February 23, 2014:

G Asset Management Bids $22.00/Share for 51% Stake in Barnes & Noble

The Offer:
Shares of Barnes & Noble (NYSE: SWY) surged higher Friday on a bid from private equity firm G Asset Management of $22.00 per share.

A spokesperson for Barnes & Noble acknowledged receipt of the offer, but declined further comment.

Barnes & Noble closed Friday at $17.69, after trading as high as $19.19, as the market was uncertain of G Asset Management's ability to complete the transaction.

3M to Acquire Treo Solutions

The Deal:
3M announced Friday it had entered into an agreement to acquire Treo Solutions. Treo is a provider of data analytics and business intelligence to healthcare payers and providers.

Terms of the deal were not disclosed.

3M closed Friday at $131.57, a gain of $0.01.

Shell to Sell Downstream Businesses in Australia to Vitol

The Deal:
Shell (NYSE: RDS.A) announced Friday an agreement to sell its Australia downstream businesses to Vitol for approximately $2.6 billion. The deal is expected to close in 2014.

Shell closed Friday at $73.47, a gain of $0.13.