Wall Street's M&A Chatter From December 19

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday December 19, 2016.

Icahn Enterprises Announces Definitive Agreement to Sell American Railcar Leasing LLC for $2.778B

The Deal:

Icahn Enterprises LP IEP announced a definitive agreement to sell its indirectly wholly-owned subsidiary American Railcar Leasing LLC to SMBC Rail Services LLC for an enterprise value of $2.778 billion. The initial closing is expected to occur in Q2 of 2017.

For a period of three years following the initial closing, subject to certain conditions, IEP will have an option to sell to SMBC Rail, approximately 4,800 additional railcars for a purchase price of approximately $586 million at the time of the initial closing, bringing the total sale price to $3.364 billion.

American Railcar Industries, Inc. ARII closed at $47.38 on Monday, up 4.41 percent, as traders confused that stock.

xG Technology to Acquire Vislink Communication Systems, Terms Not Disclosed

The Deal:

xG Technology Inc XGTI announced it has signed the final definitive business purchase agreement to acquire Vislink Communication Systems from Vislink, Plc, which was originally announced on October 20. Terms were not disclosed.

The agreement is subject to Vislink shareholder approval.

xG Technology closed Monday at $3.62, up 57.39 percent.

Mosaic Company to Acquire Vale Fertilizantes for $2.5B in Cash, Stock

The Rumor:

Mosaic Co MOS announced it has agreed to acquire from Vale SA (ADR) VALE its Vale Fertilizantes business for an aggregate purchase price valued at $2.5 billion, consisting of $1.25 billion in cash and approximately 42.3 million shares of its common stock. The transaction is expected to close in late 2017.

Mosaic closed Monday at $27.77, down 6.06 percent.