Benzinga's M&A Chatter for Wednesday April 13, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 13, 2016: Unconfirmed Market Chatter of Nike Interest in FitBit Acquisition The Rumor:
Shares of FitBit FIT rose Wednesday, on unconfirmed market chatter of a potential bid from Nike NKE. Last month, a similar report surfaced mentioning a potential $25 offer. Other potential suitors for FitBit mentioned previously include UnderArmour UA and Microsoft MSFT. Spokespersons for Nike and FitBit were not available for comment. FitBit closed at $20.22 on Wednesday, up 4%. McCormick Ends Pursuit of Premier Foods The Withdrawn Proposal:
McCormick & Company, Incorporated MKC announced Wednesday, that it does not intend to make an offer for Premier Foods. After completing its due diligence, McCormick has determined that it would not be able to make an offer that would be acceptable to the Premier Board and also be appropriate for its own shareholders. McCormick closed at $96.72 on Wednesday, down 2.20%. Renewed Chatter of AT&T Bid for Time Warner The Rumor:
Shares of Time Warner TWX surged higher Wednesday, on unconfirmed market chatter of a potential bid from AT&T T. "Sources" say AT&T could bid $88 per share in cash and stock. The New York Post reported a similar rumor in January. Time Warner closed at $75.00 on Wednesday, up 1.67%. Lonza Said to be Interested in Acquiring Catalent The Rumor:
Lonza Group AG LZAGY has made an offer to acquire Catalent Inc CTLT, according to sources as reported by Reuters on Wednesday. The companies have not yet agreed on a purchase price, the sources said. Lonza and Catalent did not respond to requests for comment. Catalent closed at $29.66 on Wednesday, up 4.14%, after trading as high as $32.24.