Benzinga's Weekend M&A Chatter

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday August 8 through Sunday August 10, 2014: Market Chatter of Kering Bid for Coach The Rumor:
Shares of Coach COH surged higher Friday, on unconfirmed market chatter of a potential bid from France's luxury apparel and accessory manufacturer, Kering PPRUY, whose brands include Gucci and Alexander McQueen. The price mentioned was $48.00 per share. Spokespersons for Coach and Kering declined comment on the rumor. Coach closed Friday at $36.71, a gain of more than 5%. Hearing Renewed Takeover Chatter in Anadarko Petroleum The Rumor:
Shares of Anadarko Petroleum APC rose Friday, on renewed chatter of a potential bid from Exxon Mobil. On July 22, there was unusual activity in the January 2016 $160 call option. Spokespersons for the companies were not available for comment. Anadarko Petroleum closed at $109.23 Friday, a gain of almost 2%. Kinder Morgan to Combine Four Publicly-Traded Companies in ~$70B Deal The Deal:
Kinder Morgan, Inc. KMI, Kinder Morgan Energy Partners, L.P. KMP, Kinder Morgan Management, LLC KMR and El Paso Pipeline Partners, L.P. EPB announced Sunday, that KMI will acquire all of the outstanding equity securities of the three publicly-traded units, in a deal valued at approximately $70B. KMP unitholders will receive 2.1931 KMI shares, plus $10.77 in cash for each KMP unit, valued at $89.98 per unit. KMR shareholders will receive 2.4849 KMI shares for each share of KMR, valued at $89.75 per share. EPB unitholders will receive .9451 KMI shares, plus $4.65 in cash for each EPB unit, valued at $38.79 per unit. The transactions are expected to close by the end of 2014. Kinder Morgan closed Friday at $36.12, a gain of more than 2%.