Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday December 12 through Sunday December 14, 2014 Apollo Global to Acquire PetSmart for $83/Share in Cash The Deal:
PetSmart, Inc. PETM confirmed Sunday, that it has reached agreement to be acquired by a consortium led by BC Partners for $83.00 per share in cash. The consortium includes Funds advised by BC Partners, alongside several of its limited partners, including La Caisse de dépôt et placement du Québec and StepStone. The deal is expected to close in H1 of 2015. Both the NY Post and Bloomberg had reported that Apollo Global Management was near a deal to acquire the supply retailer for approximately $8 billion. Jana Partners, which has a 9.8% stake in PetSmart and has been pressing for a takeover, declined comment initially. PetSmart shares were priced at around $60 when Jana's stake was announced on July 3. PetSmart shares closed Friday at $77.67, a loss of about 1%. Recall Holdings Rejects Unsolicited A$7.00/Share Acquisition Proposal from Iron Mountain The Rejection:
Recall Holdings Limited RCLHF announced Sunday, that its Board of Directors has unanimously rejected a non-binding indicative proposal from Iron Mountain Incorporated IRM to acquire Recall, for A $7.00 per Recall share in cash and stock. The Board said Iron Mountain's proposal does not reflect the fundamental value of Recall. Iron Mountain shares closed Friday at $36.44, a loss of almost 2%. Technip Drops Plan to Acquire CGG The Withdrawal:
Technip SA TKPYY announced Sunday, that it does not intend to file a tender offer for CGG CGG. Technip had approached CGG's Board of Directors on November 10, 2014 regarding a potential offer for CGG and sought to engage in a constructive dialogue. CGG's did not respond positively to the approach, Technip suggested alternative options which did not result in any form of agreement. CGG shares lost 3.73% Friday, closing at $8.52.