Benzinga's M&A Chatter for Wednesday August 20, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday August 20, 2014: Infineon to Purchase Int'l Rectifier for $40/Share in Cash The Deal:
Infineon Technologies IFNNY and International Rectifier Corporation IRF announced Wednesday that they have signed an agreement under which Infineon will acquire International Rectifier for $40 per share in cash. The transaction is valued at approximately $3 billion. The deal is expected to close in late calendar year 2014 or early calendar year 2015. International Rectifier shares closed at $39.10 Wednesday, a gain of 47%. NY Post Reports Iliad Speaking to Google, Microsoft About Funding T-Mobile Bid The Rumor:
France's Iliad ILIAY, which offered $33 per share for a 57% stake in T-Mobile TMUS on July 31, is reportedly in talks with Google GOOG and Microsoft MSFT regarding an increased bid, according to the NY Post. Iliad's original bid was rejected by T-Mobile and shares of the fourth-largest U.S. carrier have fallen from the high on August 5 of $34.95 to Tuesday's closing price of $28.95. Spokespersons for Iliad and T-Mobile did not respond to requests for comment on the report. T-Mobile closed Wednesday at $29.67, a gain of 2.5%. Hellman & Friedman Made Offer for Shutterfly, Bain Capital Also Showing Interest, Could Be Valued at ~$2B, Deal Could Be Reached as Soon as Sept The Rumor:
Share's of Shutterfly SFLY spiked to a high of $54.78 on Wednesday, following a report from Bloomberg that Hellman & Friedman and Bain Capital are among companies that have expressed an interest in the digital photo company. According to sources, Shutterfly could be vauled at $2 billion in a sale. Shutterfly has been the subject of frequent takeover rumors over the past two months. Spokespersons for Shutterfly, Bain and Hellman and Friedman declined comment. Shutterfly closed Wednesday at $50.47, a gain of more than 1%.