Benzinga's M&A Chatter for Wednesday March 30, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday March 30, 2016:

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Shares of Medivation

spiked sharply higher Wednesday, following a

report that the company had hired JPMorgan Chase to fight off a potential takeover attempt. Medivation has been the subject of takeover chatter, most recently from Sanofi

. Medivation closed at $37.39, and traded as high as $43.90 after-hours.

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Premier Foods plc

said Wednesday, that the revised possible offer of 65 pence in cash per Premier share from McCormick & Company, Inc.

continues to undervalue Premier and its prospects. Premier's Board is prepared to meet to review documentation and establish whether McCormick will increase its offer price on a deliverable proposal to a recommendable level. \ of McCormick. McCormick closed at $99.75 on Wednesday, up $0.16.

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State Street Corporation

announced Wednesday, that it has agreed to acquire GE Asset Management from GE

for up to $485 million in cash. The deal is expected to be completed early in Q3 of 2016. GE closed at $31.83 on Wednesday, up 1%.