Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday August 12 through Sunday August 14, 2016:

Honeywell to Sell Honeywell Technology Solutions to KBR for $300M

The Deal:
Honeywell HON announced Friday that it has reached a definitive agreement to sell Honeywell Technology Solutions to KBR Inc. KBR for approximately $300 million. The transaction is expected to close in 2016.

Honeywell closed Friday at $116.10 down $0.27. KBR fell $.09, closing at $15.64.

H&R Block Said to be Preparing Sale

The Rumor:
H&R Block, Inc. HRB spiked to a high of $24.95 on Friday, following a report from Cincarious Research indicating that the company is preparing to sell itself and has hired Goldman Sachs to assist in the process, according to sources. The sources said HRB management is looking for $35 per share. H&R Block closed at $24.56 on Friday, up 2.16%.

Lyft Said to Rebuff Takeover Interest from GM

The Rumor:
Ride sharing company Lyft, is said to have rejected a takeover approach from General Motors GM, according to a sources as reported by The Information on Friday. GM currently owns 9% of Lyft. GM declined comment on the report.

GM closed at $31.57 on Friday, down $0.18.

MAA Near Deal to Acquire Post Properties for ~$4B The Rumor:
Real-estate investment trust MAA is nearing a deal to buy Post Properties Inc. for about $4 billion, according to sources as reported by the Wall Street Journal on Sunday. Post shareholders will receive 0.71 share of new MAA stock for each share they own, the sources said. A deal could be announced on Monday.

Post Properties closed at $62.22 on Friday, up $0.36.