Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday April 4 through Sunday April 6, 2014:

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Shares of Mylan

rose sharply in the premarket Friday, following a report from

the US generic drug maker was in talks to acquire Sweden's Meda

. Meda later confirmed the talks and said its Board has rejected a Mylan bid. A merger of the two companies would create the world's largest generic drug maker. Mylan shares closed Friday, well off the high, at $50.63, a gain of 1.5.

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Shares of Mexico's Cemex

surged higher Friday on a report that Swiss cement company Holcim

and France's Lafarge

were in merger talks. The two companies later confirmed the discussions. Cemex closed Friday at $13.58, a gain of 5%.

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Renewed chatter of takeover talks between IBM

and Rackspace

sent shares of the web-hosting company higher Friday. According to unconfirmed sources the offer being discussed for Rackspace is $47.00 per share. A spokesperson for Rackspace told Benzinga in an email reply the company believes it has a "solid strategic plan going forward as an independent company" and intends to execute it aggressively. An IBM spokesperson was not available for comment. Rackspace closed Friday at $32.47, a gain of 2.5%.