Benzinga's M&A Chatter for Tuesday December 23, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday December 23, 2014 Stryker Said Planning Takeover Bid for Smith & Nephew Within Weeks The Rumor:
Shares of Stryker and Smith & Nephew spiked higher Tuesday on a report from Bloomberg that Stryker could be making a bid soon for SNN. Spokespersons for both companies declined comment on the rumor. Smith & Nephew shares closed Tuesday at $38.04, a gain of 9%. Stryker shares gained $1.62 to close at $96.61. Safeway Closes Sale of PDC Assets to Terramar for ~$830M; SWY Holders to Receive $2.45/Share Plus CVR The Deal:
Safeway Inc. SWY announced Tuesday, that it has completed the sale of the shopping center and real estate development assets owned by its wholly-owned subsidiary, Property Development Centers to Terramar Retail Centers for approximately $830 million. Safeway shareholders will also receive a contingent value right at the closing of the merger with Albertsons. Safeway estimates that, in addition to the $32.50 cash per share to be paid at the closing of the merger, stockholders will receive a cash payment of $2.38 per share from the initial net proceeds of the PDC sale, as well as the PDC CVR and a second CVR relating to Safeway's 49% interest in Casa Ley, S.A. de C.V. Safeway shares closed Tuesday at $35.08, up 1%. Family Dollar Shareholders Voted to Adjourn Meeting Prior to Merger Vote The Adjournment:
Family Dollar Stores, Inc. FDO announced Tuesday, that the special meeting of stockholders to vote on its proposed merger with Dollar Tree, Inc. DLTR, was adjourned prior to taking a vote on the merger. There were insufficient votes to adopt the proposed merger with Dollar Tree. The special meeting was adjourned until 9:00 AM local time on January 22, 2015. Family Dollar shareholders adopted the adjournment proposal by a vote of approximately 72 million shares to 15 million shares. Separately, Dollar General Corporation DG announced that it was extending its tender offer to acquire all outstanding shares of Family Dollar Stores for $80.00 per share in cash until 5:00 PM, New York City time, on January 30, 2015, unless further extended. Family Dollar shares closed Tuesday at $79.15, a gain of $0.04. Dollar General shares gained $0.89 to close at $69.55 and Dollar Tree closed at $70.06, up $0.97.