Benzinga's M&A Chatter for Thursday March 10, 2016

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday March 10, 2016:
TransCanada in Takeover Talks With Columbia Pipeline GroupThe Rumor
:

TransCanada Corp.
TRP
is said to be in takeover talks with Columbia Pipeline Group Inc.,
CPGX
, according to sources as reported by
Dow Jones
on Thursday. THe deal could be announced on the coming weeks, with a value of more than $10 billion, the sources said. TransCanada later confirmed in a press release that they were in discussions regarding a potential transaction with a third-party, but would not indicate which company it was.
Bloomberg
later reported that a deal was not likely, as talks were at a standstill. Columbia Pipeline closed at $21.43 on Thursday, up 8.51%. TransCanada shares fell almost 4%, to close at $35.66.
China Yida to be Acquired for $3.32/ShareThe Deal
:
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China Yida Holding, Co. announced Thursday, that on March 8, the company entered into an agreement to be acquired by China Yida Holding Acquisition Co. for $3.32 per share in cash. The company's CEO and COO currently own 57.84% of the outstanding shares. China Yida Holding closed at $2.75 on Thursday, up 39.59%.
Marvell Says Not in Takeover Talks With AvagoThe Takeover Rumor
:

Marvell Technology Group Ltd.
MRVL
announced Thursday, that is aware of certain press reports speculating that Avago Technologies, now Broadcom
AVGO
is a potential acquirer of Marvell. Marvell confirms no talks have taken place with Avago regarding a potential offer to acquire Marvell. The
NY Post
reported on March 6 of a potential deal between the two companies. Marvell closed at $10.00 on Thursday up 1.32%.
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