Benzinga's M&A Chatter for Wednesday May 27, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday May 27, 2015:

:

Teva Pharmaceutical Industries Limited

may enlist investor John Paulson as a partner in its bid for Mylan N.V.

, according to sources as

on Wednesday. Mylan had rejected Teva's $82.00 per share offer, consisting of 50% cash and 50% Teva stock, last month. Teva disclosed, after the close, a 1.35% stake in Mylan and said it was prepared to meet with Mylan and its advisors to discuss a deal. Mylan shares rose 7% Wednesday, to close at $183.60, while Teva shares rose almost 3%, to close at $180.18.

:

Shares of Broadcom

surged higher Wednesday, on a report from

that Avago is in advanced talks to acquire Broadcom, according to

.

later reported a deal could be announced as early as Thursday. Piper Jaffray's Ruben Roy suggested an implied takeover value for Broadcom of $58 per share.

first reported on March 27, that Intel

was in talks to acquire Altera

. Those talks are said to be still ongoing. Broadcom shares rose more than 21% Wednesday, closing at $57.15. Avago shares rose 7.76% to close at $141.49.

:

Geeknet, Inc.

announced Wednesday it received an unsolicited offer from a strategic buyer to acquire all of the outstanding common stock of Geeknet for $20.00 per share in cash. Geeknet entered into a Plan of Merger dated May 25, 2015, with Hot Topic Inc. under which Hot Topic agreed to acquire all of the outstanding shares of Geeknet for $17.50 per share in cash. Geeknet has not changed its support of that agreement. Geeknet's Board, legal and financial advisors will review the new proposal. GeekNet Shares Rose 9.5% Wednesday, closing at $18.64.

:

CA Technologies

announced Wednesday, it has signed a definitive agreement to acquire Rally Software Development Corp.

for $19.50 per share, or about $480 million, net of cash acquired. The deal has been unanimously approved by both Boards of Directors, and is expected to close in Q2 of CA's FY 2016. Rally Software shares closed Wednesday at $13.51 and rose more than 42% after-hours.