Benzinga's M&A Chatter for Monday June 20, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 20, 2016: Icahn Enterprises Boosts Offer for Federal Mogul to $8.00/Share In Cash The Revised Offer:
Federal-Mogul Holdings Corporation FDML confirmed Monday, that Icahn Enterprises L.P. IEP, raised its offer to purchase the shares of Federal-Mogul common stock not owned by IEP to $8 per share in cash, IEP had offered $7.00 previously, in a letter dated February 28th. Federal Mogul closed Monday at $8.48 up 4%. Twitter Acquires Magic Pony Technology, Terms Not Disclosed The Deal:
Twitter Monday it has acquired the developer of machine learning and visual processing technology, Magic Pony Technology. Terms were not disclosed. Twitter closed at $16.34 on Monday, up 1.5%. Wal-Mart to Sell Part of Chinese Unit to JD.com in All Stock Deal The Deal:
Walmart WMT and JD.com JD announced Monday, that they have formed a strategic alliance covering e-commerce and retail. As part of the agreement JD.com will take ownership of Wal-Mart's Yihaodian marketplace platform assets, including the Yihaodian brand, website and app. Walmart will continue to operate the Yihaodian direct sales business and will be a seller on the Yihaodian marketplace. Under the agreement, Walmart will receive 144,952,250 newly issued JD.com Class A ordinary shares, amounting to approximately 5% of total shares outstanding. JD.com closed at $21.06 on Monday up 4.62%.