Benzinga's M&A Chatter for Thursday July 9, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 9, 2015:

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YY Inc.

announced Thursday, that its Board of Directors has received a non-binding proposal letter, dated July 9, 2015, from Chairman Jun Lei and CEO David Xueling Li, proposing a "going-private" transaction to acquire all of the outstanding ordinary shares of YY not already beneficially owned by the buyers for $68.50 in cash per ADS. The buyers currently own approximately 35.7% of all the issued and outstanding shares of the company. The Board intends to form a special committee and will authorize the special committee to retain legal and financial advisors to assist it in evaluating the proposal.. YY shares rose 1.5% Thursday, closing at $59.31.

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Shares of Cigna spiked higher, early Thursday, on a report from CNBC's David Faber, that Anthem is making progress in reaching a takeover deal for Cigna. Faber said also that UnitedHealth Group Incorporated

was looking at Cigna. Cigna had rejected a $184 per share cash and stock offer from Anthem on June 21. Cigna shares rose 4% Thursday, closing at $156.56.

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E-Commerce China Dangdang Inc.

announced that that its Board of Directors has received a non-binding proposal letter, dated July 9, 2015, from Chairwoman Peggy Yu Yu and CEO Guoqing Li proposing a "going-private" transaction to acquire all of the outstanding ordinary shares of the company not already beneficially owned by the buyers $7.812 in cash per ADS. The buyers currently beneficially own approximately 35.9% of all the issued and outstanding common shares of the company. The Board intends to form a special committee and will authorize the special committee to retain legal and financial advisors to assist it in evaluating the proposal. Dangdang shares rose 4% Thursday, closing at $6.77.

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Shares of Laredo Petroleum, Inc.

rose Thursday on a report from the deal that the company could be a takeover target. Laredo has been mentioned previously as a possible acquisition. The Leon Cooperman's Omega Advisors reported a new 2.1M share stake in February. Laredo Petroleum shares rose 4.5% Thursday, closing at $11.54.