Benzinga's M&A Chatter for Thursday January 7, 2016:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday January 7, 2016: Shire, Baxalta Could Announce Merger as Soon as Monday The Rumor:
Shire Pharmaceuticals Plc SHPG could announce a deal to acquire Baxalta International Inc BXLT as early as Monday, according to sources reported by Reuters on Thursday. The sources say the purchase price will be $48 per share, with almost $20 per share being paid in cash. Sources also said the potential tax issues, reported by Financial Times on Wednesday, would not be an obstacle. Baxalta closed at $40.65 on Thursday, up 3.33%. Lamar Acquires Clear Channel Outdoor Assets for $458.5M The Deal:
Lamar Advertising Company LAMR announced Thursday, that it has acquired the assets of Clear Channel Outdoor Holdings, Inc., CCO in five U.S. markets for $458.5 million in cash. The acquisition adds more than 5,500 bulletin and poster faces. Clear Channel Outdoor closed at $5.50 on Thursday, down 6.62%. Telecom, Oi Begin Talks Over Merger with TIM The Rumor:
Oi SA OIBR has started talks with the controlling shareholder of TIM Participações SA TSU, Telecom Italia TI, regarding a potential merger, according to sources as reported by Reuters on Thursday. There is no indication of when the talks began and the value of potential deal is not known, the sources said. Telecom Italia and Oi declined comment. TIM Participações closed at $8.05 on Thursday, down 4.73%. Oi shares fell 7.55%, closing at $0.39.