Benzinga's M&A Chatter for Thursday, October 13, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday, October 13, 2016:

:

Kellogg Company

announced Thursday, it has entered into an agreement to acquire Brazil's Ritmo Investimentos for $429 million. The deal is expected to close in late 2016. Kellogg also announced it intends to reduce its expected share buybacks in 2016 to $450 to 550 million, versus previous guidance of $700 to 750 million. Kellogg closed at $17.56 on Thursday, down 11.54%.

:

Verizon Corp's

general counsel, Craig Silliman, said on Thursday that Verizon has a "reasonable basis" to believe that Yahoo's

data breach of 500 million email accounts could create a material impact and trigger a clause that might permit Verizon to withdraw its $4.83 billion deal to acquire Yahoo, according to

. Speaking to reporters, Silliman would not comment on whether the companies are discussing a renegotiation of the purchase price. Yahoo closed at 41.62 on Thursday, down 1.75%.

:

Shares of Tenet Healthcare

surged higher Thursday, on renewed unconfirmed market chatter of a potential takeover. A Tenet Healthcare spokesperson declined comment to

on the movement of the share price. Tenet Healthcare closed at $23.13 on Thursday, up 8.69%.