Benzinga's M&A Chatter for Monday June 30, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 30, 2014:

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Devon Energy

announced Monday that it has agreed to sell all of its non-core U.S. oil and gas properties to Linn Energy

for $2.3 billion, approximately $1.8 billion after tax. The deal is expected to close in Q3 of 2014. Devon Energy shares closed Monday at $79.40, a loss of $0.10%. Shares of Linn Energy gained 1.5%, to close at $32.35, while Linn Co gained 2.5%, closing at $31.29.

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Twitter

has acquired mobile ad technology firm Tap Commerce for approximately $100 million.

. TapCommerce enables real-time mobile ad buying across a newtwork of more than 50,000 apps. Twitter closed Monday at $40.97, a gain of $0.04.

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TreeHouse Foods

announced Monday that it will acquire Flagstone Foods from Gryphon Investors and other shareholders for $860 million in cash. The deal is expected to close during Q3 of 2014. TreeHouse Foods closed Monday at $80.07, a gain of $0.18.

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Pinnacle Foods

announced Monday, it has exercised its right to terminate the merger agreement with Hillshire Brands

announced on May 12, 2014. Pursuant to the merger agreement, Pinnacle is entitled to receive a cash payment from Hillshire Brands of $163 million as a result of this termination, plus $25 million in additional fees and expenses. Hillshire withdrew its support for the merger with Pinnacle foods, following receipt of a $63.00 per share offer from Tyson Foods

. Pinnacle's best offer was $55.00 per share. Pinnacle Foods closed Monday at $32.90, a loss of $0.02, while Hillshire gained $0.30 to close at $62.30, and gained $0.35 after-hours.

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Isle of Capri Casinos

is in advanced talks to sell itself to Gaming and Leisure Properties

, according to sources as reported by

. Spokespersons for Isle of Capri declined to comment, while Gaming and Leisure Properties did not immediately respond. Isle of Capri owns and operates 15 gaming and entertainment facilities in Mississippi, Louisiana, Iowa, Missouri, Colorado, Pennsylvania and Florida. Gaming and Leisure Properties operates as a REIT, having been spun off from Penn National Gaming

in 2013. Isle of Capri Casinos closed Monday at $8.56, a gain of 5%, while Gaming and Leisure Properties ended the day up 2%, at $33.97.

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Hormel Foods

announced Monday that it has entered into an agreement to acquire Muscle Milk maker, CytoSport Holdings for approximately $450 million. The deal is expected to close within 30 days. Hormel Foods closed Monday at $49.35, a gain of $0.30.

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Shares of Violin Memory

spiked higher Monday on a report from

, that Micron

may be considering a bid.

reported in February that several companies were interested in Violin Memory, prior to its September 2013 IPO. Among the potential suitors mentioned were Hewlett-Packard

, Seagate Technology

, IBM

, Samsung

and EMC

. A spokesperson for Micron declined comment on the rumor, while a VMEM did not respond to a request for comment. Violin Memory closed Monday at $4.43, a loss of 1%.

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Shares of Apache

spiked higher early Monday, on unconfirmed market chatter that Exxon Mobil

could offer $115-$120 per share for Apache, according to sources. A spokesperson for Apache declined comment. An Exxon Mobil spokesperson was not available for comment. Apache closed Monday at $100.62, a gain of $0.86.

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The Cooper Companies

announced Monday, it has entered into definitive agreements to acquire European contact lens and solutions distributor Sauflon Pharmaceuticals, for approximately $1.2 billion. The deal is anticipated to close prior to October 31, 2014. The Cooper Companies closed Monday at $135.53, a loss of 1%.