Wall Street's M&A Chatter From November 16

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday November 16, 2016.

CONE Midstream to Acquire Remaining 25% Additional Interest in Anchor Systems for $248M

The Deal:

CONE Midstream Partners LP CNNX announced it has agreed to acquire an additional 25 percent ownership interest in CONE Midstream DevCo LP for $248 million, including $140 million in cash and approximately 5.2 million common limited partnership units. The transaction is expected to close before the end of Q4 2016.

CONE Midstream closed at $22.39 on Wednesday, up 4.82 percent.

Rite Aid, Walgreens Near Divestiture Deal

The Rumor:

Shares of Rite Aid Corporation RAD surged to a high of $7.89 following a DealReporter story that Walgreens Boots Alliance Inc WBA is close to reaching a deal to satisfy the US FTC, which would involve divestiture of up to 1,000 stores.

Companies interested in the Walgreen's assets are said to include Kroger KR Albertsons, CVS Health CVS, Kinney Drugs and Fred's FRED.

Rite Aid closed at $7.82 on Wednesday, up 4.6 percent.

Microsoft Offers Concessions to EU Regulators over Bid for LinkedIn

The Concessions:

Microsoft Corporation MSFT has offered concessions to EU antitrust regulators over its $26.2 billion, $196 per share offer for LinkedIn Corp LNKD, according to the European Commission. The EU regulator had expressed concerns to Microsoft executives about the deal, which was announced in June.

A Microsoft spokesperson declined comment on the specifics of the concessions.

LinkedIn closed Wednesday at $193.47, up 1.27 percent.