Benzinga's M&A Chatter for Friday November 23, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday November 23, 2012:

:

Indian Hotels may increase their bid for Orient-Express Hotels

, according a report by the

on Friday. Indian Hotels had offered $12.63 per share for Orient-Express Hotels on October 18. The offer was rejected by the OEH Board on November 8, the same day they announced John Scott III as the company's new CEO. There have been several subsequent rumors regarding a higher bid. Orient-Express Hotels closed at $11.87 Friday, a gain of 1.28% on lower than average volume.

:

Illumina

shares rose almost 2.5% on Friday on renewed takeover chatter. Roche

has previously submitted bids for Illumina of $44.50 and $51 per share, both rejected by Illumina's Board. Rumors of a $60 per share bid have surfaced, but never materialized. Illumina closed at $52.93 Friday on average volume.