Benzinga's M&A Chatter for Tuesday October 7, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday October 7, 2014: CF Industries Shares Rise as Merger Talks with Yara Continue; Yara CEO Fired The Talks:
Shares of CF Industries Holdings CF rose Tuesday on a report from Reuters that Norway's Yara YARIY was continuing merger talks with CF and had fired CEO Joergen Ole Haslestad, saying he was unsuitable to lead the merger talks. Yara now says those talks will continue with CFO Torgeir Kvidal, who will become acting CEO. CF Industries confirmed on September 23 that they were in merger talks with Yara. CF Industries closed Tuesday at $282.76, a gain of 3.5%. Bill Ackman, Valeant May Boost Bid for Allergan by $15.00/Share The Rumors:
Shares of Allergan Inc. AGN surged higher after-hours, Tuesday on a report from WSJ that Valeant Pharmaceuticals International Inc. VRX and Pershing Square'a Bill Ackman are planning to boost their offer for Allergan by $15 per share, according to people familiar with the matter. The revised offer would be about 8% higher, or about $191.00 per share, based on Valeant's closing price on Tuesday. Allergan rejected a bid in June from Valeant, consisting of $72 in cash and 0.83 Valeant shares for each Allergan share. Earlier on Tuesday, Reuters reported that Actavis plc ACT could make a new attempt at a deal for Allergan, according to sources, who said Allergan might accept a bid of $200.00 per share or more. Allergan closed Tuesday at $186.20, and traded as high as $193.05, after-hours. Glencore Says No Longer Actively Considering a Merger with Rio Tinto The Confirmation:
Glencore GLNCY said Tuesday, that in July 2014 it made an informal enquiry by telephone call to Rio Tinto RIO, to gauge interest in a potential merger between the two companies. Rio Tinto responded that it was not interested in pursuing these discussions. Glencore confirmed Tuesday that it is no longer considering a merger transaction with Rio Tinto. Rio Tinto's Board confirmed on Monday that no discussions with Glencore were taking place. Bloomberg had reported Monday that Glencore was preparing for a possible merger. Rio Tinto shares closed Tuesday at $49.38, a loss of 4%.