Benzinga's M&A Chatter for Monday August 1, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday August 1, 2016: Tesla to Acquire SolarCity for $25.37/Share in Tesla Stock The Deal:
Tesla Motors, Inc. TSLA, SolarCity Corporation SCTY announced Monday, that the companies have entered into a merger agreement, with SolarCity surviving the merger as a wholly owned subsidiary of Tesla. SolarCity shareholders will receive 0.11 shares of Tesla common stock for each share of SolarCity common stock they hold. The Board of directors of Tesla determined that the merger was in the best interests of Tesla and its shareholders. SolarCity closed at $24.72 on Monday, down 7.42%. Transocean to Acquire Transocean Partners LLC in All-Stock Deal The Deal:
Transocean Ltd. RIG and Transocean Partners LLC RIGP announced Monday, that Transocean has agreed to acquire all of the outstanding common units of Transocean Partners not already owned by Transocean in a share-for-unit merger transaction. Under the agreement, Transocean Partners common unitholders will receive 1.1427 Transocean shares for each Transocean Partners common unit. The deal is expected to close in Q4 of 2016. Transocean Partners closed at $11.97 on Monday, up 9.62%. Trina Solar Receives 'Go Private' Offer of $11.60/ADS in Cash The Going Private Transaction:
Trina Solar Limited TSL announced Monday, that it has entered into a definitive agreement and plan of merger with Fortune Solar Holdings Limited and Red Viburnum Company Limited , a wholly owned subsidiary of Fortune Solar, under which TSL will be acquired for $11.60 per ADS in cash. The implied equity value is approximately $1.1 billion. The merger is expected to close during Q1 of 2017. Trina Solar closed Monday at $10.33, up 25.21%. IBM Said to Be in Discussions to Acquire Revel Systems The Rumor:
IBM IBM is reportedly in discussions to acquire point-of-sale company, Revel Systems, according to sources as reported by Bloomberg on Monday. Inc. Revel was valued at approximately $500 million in 2015. Revel and IBM declined comment on the report. IBM closed Monday at $161.45, up $0.33.