Benzinga's M&A Chatter for Thursday May 14, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday May 14, 2015: QIWI Acquires Contact and Rapida The Deal:
QIWI plc QIWI announced Thursday, that it has entered into an agreement to acquire 100% ownership of the Contact money transfer system and the Rapida payment processing system from Otkritie Financial Group. QIWI will issue 5,593,041 class B shares to Otkritie in exchange for all of the outstanding interests in Contact and Rapida. The deals are expected to close in two installments by mid-September 2015. Qiwi shares rose almost 16%, to close at $34.64. Hearing Rio Tinto Could Bid for Freeport McMoran The Rumor:
Shares of Freeport-McMoRan Inc. FCX rose early Thursday, on unconfirmed market chatter that Rio Tinto plc RIO could offer $38.00 per share in cash. Sources say the two companies have held talks. A spokesperson for Freeport McMoran declined comment. A Rio Tinto representative was not immediately available for comment. Freeport McMoran shares gained $0.19 Thursday, closing at $22.80. PTG Capital Files $18.75/Share Offer for Avon The Offer:
Shares of Avon Products AVP spiked higher Thursday, and were halted three times on circuit-breakers, as a company calling itself PTG Capital Partners filed to offer $18.75 per share for the cosmetics company. Avon says it did not receive an offer from PTG and was not able to verify that the company existed. The SEC is reportedly reviewing the legitimacy of the offer according to sources, according to Bloomberg. Another source said the offer was a hoax, according to the Wall Street Journal. Avon shares gained 6% Thursday, to close at $7.07. Avago Reportedly Contacted Xilinx, Maxim Regarding Potential Takeover The Rumor:
Avago Technologies Ltd AVGO, is considering buying another chipmaker, according to sources as reported by Reuters. The list of possible acquistions includes Xilinx Inc XLNX, Maxim Integrated Products Inc MXIM as well as Renesas Electronics RNECY and Avago could spend over $10 billion, according to those sources. Avago shares gained 3% Thursday, to close at $126.94.