Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday January 29, through Sunday January 31, 2015: Axiall Rejects Unsolicited Bid From Westlake Chemical, Says Deal Undervalues Co And LT Prospects The Rejection:
Axiall Corporation AXLL announced Friday, that its Board has unanimously rejected an unsolicited and conditional proposal on January 25 from Westlake Chemical Corporation WLK to acquire all of the outstanding common shares of Axiall for $20.00 per share, including $11.00 in cash and 0.1967 share of Westlake stock. Axiall President and CEO Timothy Mann said "We believe that Westlake's proposal is an opportunistic attempt to take advantage of challenging public equity market conditions and significantly undervalues Axiall's assets and its long-term prospects. Axial closed at $17.93 on Friday up 83%. Agria Receives Preliminary Proposal for $1.20/ADS Cash The Offer:
Agria Corporation GRO announced Friday, that its board of directors had received a preliminary non-binding proposal letter, dated January 28, 2016, from executive chairman, Guanglin Lai and his wholly-owned company Brothers Capital Limited, to acquire all of the outstanding ordinary shares of the Company not owned by the buyer for $1.20 in cash per ADS. The Agria Board formed a special committee to consider the proposal Agria closed at $1.12 on Friday, up 2.75%. Walter Investment Acquires Residential Credit Solutions Assets The Deal:
Walter Investment Management Corp. WAC announced Friday, it has completed the acquisition of certain assets from Residential Credit Solutions, Inc., a wholly owned subsidiary of American Capital Mortgage Investment Corp. MTGE, through its wholly owned subsidiary Ditech Financial LLC. Terms of the deal were not disclosed. Walter Investment Management closed at $9.89 on Friday, up 2%.