Benzinga's M&A Chatter for Monday March 28, 2016:

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday March 28, 2016: Starwood Hotels Receives Revised Merger Offer of $82.75/Share from Anbang-Led Group The Offer:
Starwood Hotels & Resorts Worldwide, Inc. HOT announced Monday that its Board of Directors, after consulting with its legal and financial advisors, determined that a revised, non-binding proposal of $82.75 per share in cash, from a consortium led by Anbang Insurance Group, is reasonably likely to lead to a superior proposal as defined in Starwood's merger agreement with Marriott International, Inc. MAR. Starwood stockholders would receive additional consideration in the form of Interval Leisure Group IILG common stock from the spin-off of its vacation ownership business, Vistana Signature Experiences, and subsequent merger with ILG, currently valued at $5.91 per Starwood share. Starwood's Board has not changed its recommendation for Marriott International's MAR offer of $21.00 per share in cash and 0.80 shares of Mariott stock. Starwood closed at $83.75 on Monday, up 1.97%. NTT Data Announces Acquisition Of Dell Services The Deal:
Nippon Telegraph & Telephone Corp NTT, announced Monday it has reached an agreement to acquire Dell Services for approximately $3 billion. Dell is expextec to used the proceeds to fund its acquisition of EMC Corp EMC. NTT closed at $44.21 on Monday, down $0.22. Affymetrix Board Reaffirms Support for Merger With Thermo Fisher; Origin Withdraws Offer The Offer:
Affymetrix, Inc. AFFX announced that the Company's Board of Directors, determined that the unsolicited merger proposal submitted by Origin Technologies Corporation, LLC on March 22, 2016 does not constitute a superior proposal, as defined in the merger agreement with Thermo Fisher Scientific Inc. TMO and recommended against the Origin proposal of $17.00 per share. After the close, Origin announced it was withdrawing its offer. Affymetrix closed at $34.86 on Monday, up $0.06. Virgin America Has Received Bids From JetBlue and Alaska Air The Rumor:
Virgin America Inc. VA is said to have received takeover bids from JetBlue Airways Corp. JBLU and Alaska Air Group Inc. ALK, according to sources as reported by Bloomberg on Monday. The source said talks between Virgin America and the two bidding airlines are continuing. A deal could be announced as early as next week. Virgin America closed at $37.70 on Monday, up 10.33%.