Benzinga's M&A Chatter for Monday April 22, 2013

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday April 22, 2013: ABB to Acquire Power-One for $6.35/Share in Cash The Deal:
ABB ABB and Power-One PWER announced Monday that their boards of directors have agreed to a transaction in which ABB will acquire Power-One for $6.35 per share in cash or $1.028 billion. The transaction is expected to close in the second half of 2013. Power-One closed at $6.33 Monday, a gain of 56% on 52 times average volume. CECO Environmental to Acquire Met-Pro for $13.75/Share The Deal:
CECO Environmental CECE announced Monday it has entered into a definitive agreement to acquire Met-Pro Corporation MPR in a cash and stock transaction valued at approximately $210 million, or $13.75 per share, including $7.25 per share in cash and $6.50 per share in CECO common stock. The completion of the acquisition is subject to approval of CECO and Met-Pro shareholders. Met-Pro closed at $13.38 Monday, a gain of 39% on 52 times average volume. IBM Acquires UrbanCode The Deal:
IBM IBM announced Monday it has acquired UrbanCode, a Cleveland, Ohio company which automates the delivery of software, helping businesses quickly release and update mobile, social, big data, cloud applications. Terms were not disclosed. IBM closed at $187.83 Monday, a loss of 1% on 2.5 times average volume. Hearing Unconfirmed Chatter of Potential Microsoft Bid for Nuance Communications The Rumor:
Renewed takeover chatter circulated in Nuance Communications NUAN Monday. Microsoft MSFT was the rumored buyer today with a potential bid of $32 per share, according to sources. Nuance has been rumored to have hired Goldman Sachs as an advisor. Carl Icahn reported a 9.27% passive stake in Nuance on April 1. A Microsoft spokesperson declined comment on the rumor. A Nuance spokesperson was not available for comment. Nuance Communications closed at $21.04 Monday, gain of 3% on average volume. Hearing Unconfirmed Chatter of Qihoo 360 Hiring Goldman Sachs as an Advisor The Rumor:
Qihoo 360 QIHU was rumored Monday to have hired Goldman Sachs as an advisor to handle a potential bid from Tencent TCEHY. Spokespersons for Qihoo 360 and Tencent were not available for comment. Qihoo 360 closed at $32.20 Monday, gain of 1% on lower than average volume.