Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday April 11 through Sunday April 13, 2014. Autonavi to be Acquired by Alibaba at $21/ADS in Cash The Deal:
AutoNavi Holdings AMAP announced Friday that it has agreed to be acquired by an affiliate of Alibaba Group for $5.25 in cash per ordinary share or $21.00 in cash per ADS. The deal is expected to close in Q3 of 2014. Autonavi Holdings closed Friday at $20.65, a gain of 3%. AMETEK to Acquire Zygo for $19.25/Share The Deal:
Ametek AME and Zygo Corporation ZIGO announced Friday that they have entered into a definitive merger agreement whereby Ametek will acquire all of the outstanding shares of Zygo for $19.25 per share in cash. The deal was unanimously approved by Zygo's Board and is expected to be completed by the end of Q2 2014. Zygo closed Friday at $19.43, a gain of 32%. Report Tyson, Post Bidding for Michael Foods The Rumor:
Tyson Foods TSN and Post Holdings POST are each bidding for Michael Foods, which has been put up for sale by the private equity division of Goldman Sachs GS. according to a report from Reuters.Tyson was rumored last month to be looking at a buyout of Michael Foods, along with Treehouse Foods THS. A deal could be worth 2.5 billion, according to sources. Tyson closed Friday at $41.67, a gain of $0.35.