Benzinga's M&A Chatter for Tuesday June 7, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday June 7, 2016: Zimmer Biomet Acquires LDR Holding Corp. for $37/Share in Cash The Deal:
Zimmer Biomet Holdings, Inc. ZBH LDR Holding Corporation LDRH announced Tuesday that their Boards of Directors have approved an agreement under which Zimmer Biomet will commence a tender offer for all of the outstanding shares of LDR for $37.00 per share in cash. The transaction is expected to close in Q3 of 2016. LDR rose 63% Tuesday, to close at $36.99. Verizon to Bid $3B for Yahoo's Core Internet Assets The Rumor:
Verizon Communications Inc. VZ was expected to submit a bid Monday, for Yahoo Inc.'s YHOO core Internet assests of about $3 billion, according to a sources as reported by the Wall Street Journal late Monday. Verizon is believed by many to be the leading candidate to acquire the Yahoo assets. Sources say another round of bids is expected. AT&T T could also make a surprise bid, according to chatter on Tuesday. Yahoo and Verizon declined comment. Yahoo closed at $36.73 on Tuesday, down $0.34. F5 Said to be Working with Goldman Sachs to Determine Takeover Interest The Rumor:
F5 Networks Inc FFIV is said have hired Goldman Sachs as an advisor to handle expressions of takeover interest, according to sources as reported by Reuters on Tuesday. The names of the potential buyers were not disclosed. IBM IBM, Oracle ORCL and Juniper Networks JNPR have been mentioned as potential buyers for F5 in the past. F5 shares closed at $123.94 on Tuesday, up 12.63%. Hearing Chatter Anadarko Could Receive Takeover Bid from Chevron Corp The Rumor:
Shares of Anadarko Petroleum APC surged higher Tuesday, on unconfirmed market chatter of a potential offer from Chevron CVX. According to a "source", Chevron could offer $76.00 per share for Anadarko, the source said. Sell side shops, speaking to Benzinga, indicated doubt over a Chevron bid for Anadarko. Anadarko closed at $55.22 on Tuesday, up 3.64%. Former LendingClub CEO Renaud Laplanche Said to be Considering Takeover The Rumor:
Former LendingClub LC CEO, Renaud Laplanche, is consdering a potential buyout of the company he co-founded, according to sources as reported by Reuters on Tuesday. Laplanche is said to be speaking with private equity firms and banks regarding financing for a deal. Laplanche resigned after LendingClub's Board discovered altered dated on $3 million worth of loans. Laplanche and LendingClub declined comment. LendingClub closed at $4.39 on Tuesday and traded as high as $4.66 after-hours. Skullcandy Founder Rick Alden Considering Takeover The Filing:
Richard Alden, Skullcandy SKUL founder and managing director, is considering an acquisition of "some or all of the shares of the Issuer's Common Stock or otherwise pursue a "going private" transaction", according to a 13D filing on Tuesday. Alden, a 2.7% shareholder, informed Ptarmagin, which owns 12.7% of the potential transaction. Alden founded Skullcandy, which marakets headphones, earphones, hands free devices, audio backpacks and MP3 players, in 2003. Skullcandy closed at $3.93 on Tuesday and traded at $4.50 after-hours.