Benzinga's M&A Chatter for Monday September 8, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday September 8, 2014:

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iPass

announced Monday, that the iPass Board of Directors has initiated a process to explore strategic alternatives that may enhance stockholder value. iPass has retained Blackstone Advisory Partners L.P. and Cooley LLP, to assist in the process. iPass closed Monday at $1.14, and traded 29% higher after hours.

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General Electric

announced Monday it has agreed to sell its appliances business to Electrolux

for $3.3 billion. The deal is expected to close in 2015. General Electric closed Monday at $26.08, a loss of $0.02.

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Annie's

announced Monday, an agreement to be acquired by General Mills

for $46.00 per share in cash, a total transaction value of around $820 million. General Mills will launch a tender offer within ten business days, to purchase all outstanding Annie's shares. The deal is expected to close in calendar year 2014. Annie's closed Monday at $33.51, and traded at around $46.00 after hours.