Wall Street's M&A Chatter From November 10

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday November 10, 2016.

Suspect Filing Shows $12.50/Share Offer for FitBit

The Rumor:

A company out of China, ABM Capital, in a filing Wednesday reported an offer of $12.50 per share for FitBit Inc FIT. Shares were volatile as chatter circulated among traders that the offer might night be legitimate.

FitBit released a statement to Benzinga, indicating that the company had not received an offer from ABM or from anyone.

FitBit shares spiked to a high of $9.28 and closed at $8.86 on Thursday, up 3.63 percent.

Traders Circulate Chatter of Potential Pulte-Lennar Tie-up

The Rumor:

Shares of homebuilder PulteGroup, Inc. PHM spiked higher Thursday on unconfirmed market chatter it may acquire Lennar LEN. No details were mentioned in note circulated by traders.

DealReporter said in September that Beazer Homes USA BZH would be the next homebuilder to be acquired.

Pulte Group closed at $18.69 on Thursday, up 3.6 percent.

HollyFrontier could be back on Tesoro's takeover radar

The Rumor:

Shares of HollyFrontier Corporation HFC spiked as high as $27.54 in early trading on Thursday, on a report from DealReporter that Tesoro TSO could be interested once again in a potential takeover of the Dallas-based petroleum refiner.

Tesoro and HollyFrontier had held talks in Q1 of 2015, as reported at that time by Reuters.

HollyFrontier closed Thursday at $26.06, down $0.16.