Benzinga's M&A Chatter for Monday March 28, 2016:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday March 28, 2016:

:

Starwood Hotels & Resorts Worldwide, Inc.

announced Monday that its Board of Directors, after consulting with its legal and financial advisors, determined that a revised, non-binding proposal of $82.75 per share in cash, from a consortium led by Anbang Insurance Group, is reasonably likely to lead to a superior proposal as defined in Starwood's merger agreement with Marriott International, Inc.

. Starwood stockholders would receive additional consideration in the form of Interval Leisure Group

common stock from the spin-off of its vacation ownership business, Vistana Signature Experiences, and subsequent merger with ILG, currently valued at $5.91 per Starwood share. Starwood's Board has not changed its recommendation for Marriott International's

offer of $21.00 per share in cash and 0.80 shares of Mariott stock. Starwood closed at $83.75 on Monday, up 1.97%.

:

Nippon Telegraph & Telephone Corp

, announced Monday it has reached an agreement to acquire Dell Services for approximately $3 billion. Dell is expextec to used the proceeds to fund its acquisition of EMC Corp

. NTT closed at $44.21 on Monday, down $0.22.

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Affymetrix, Inc.

announced that the Company's Board of Directors, determined that the unsolicited merger proposal submitted by Origin Technologies Corporation, LLC on March 22, 2016 does not constitute a superior proposal, as defined in the merger agreement with Thermo Fisher Scientific Inc.

and recommended against the Origin proposal of $17.00 per share. After the close, Origin announced it was withdrawing its offer. Affymetrix closed at $34.86 on Monday, up $0.06.

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Virgin America Inc.

is said to have received takeover bids from JetBlue Airways Corp.

and Alaska Air Group Inc.

, according to sources as reported by

on Monday. The source said talks between Virgin America and the two bidding airlines are continuing. A deal could be announced as early as next week. Virgin America closed at $37.70 on Monday, up 10.33%.