Benzinga's M&A Chatter for Thursday May 3, 2012

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The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday May 3, 2012:
LinkedIn to Acquire SlideShareThe Deal
:

LinkedIn
LNKD
announced Thursday it agreed to acquire SlideShare, a leading professional content sharing community. The transaction is valued at approximately $118.75 million, subject to adjustment, in a combination of approximately 45 percent cash and approximately 55 percent stock. Subject to the completion of customary conditions, the acquisition is expected to close during the second quarter of 2012. LinkedIn closed at $109.41 Thursday, but traded near $120.00 after-hours on an earnings beat and raised guidance.
Cisco Announces Intent to Acquire TruvisoThe Deal
:

Cisco
CSCO
announced Thursday its intent to acquire privately held Truviso, Inc. Based in Foster City, CA, Truviso provides scalable, real-time network data analysis and reporting software. Together, Cisco and Truviso will provide instant access and visibility into network use and services to help increase operational efficiencies and drive new revenue streams for customers. Specific financial terms of the transaction are undisclosed. The acquisition of Truviso is subject to various standard closing conditions and is expected to be complete in the fourth quarter of Cisco's fiscal year 2012. Cisco closed at $19.72 Thursday, a 0.60% loss on 70% of the average daily volume.
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Hearing Renewed Chatter of BHP Billiton in Walter EnergyThe Rumor
:

BHP Billiton
BHP
is once again rumored to be eyeing Walter Energy
WLT
, according to
The Telegraph. The two companies have been mentioned as a possible combination for several months. A person familiar with the situation says BHP will not make an offer for Walter Energy. Walter Energy closed at $65.98 Thursday, a gain of 3.43% on twice the average daily volume. Richmont Holdings to Make Offer for Avon Products The Rumor:
Private equity firm Richmont Holdings is preparing a bid for Avon Products AVP, according to a report from Bloomberg. Richmont was a major equity holder in the global direct sales company. Coty bid $23.25 for Avon on April 2. That offer was quickly rejected by Avon. Avon Products closed at $21.00 Thursday, a gain of 5.47% on slightly more than average volume. Avon traded up another 2% after-hours. Hearing Renewed Chatter of ArcelorMittal Interest in Acquiring US Steel The Rumor:
ArcelorMittal MT is once again being mentioned as a possible suitor for US Steel X. The two companies have been mentioned several times over the past few months as possibly doing a deal. A spokesperson for ArcelorMittal has mentioned that the US Steel rumor surfaces about once a year at this time. A US Steel spokesperson would not comment. US Steel closed at $27.70 Thursday, a loss of 2.40% on about half the average daily volume.
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