Benzinga's M&A Chatter for Thursday July 10, 2014

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday July 10, 2014: ZF Friedrichshafen Confirms in Talks to Buy TRW Automotive The Offer:
Shares of TRW Automotive TRW soared Thursday, on a report from Bloomberg that the company could be acquired for as much as $12 billion by Germany's ZF Friedrichshafen AG. TRW later confirmed it had been approached by a potential buyer, followed by Friedrichshafen confirming it was in talks to acquire TRW. Shares of TRW were first halted on a circuit-breaker following the Bloomberg report, eventually hitting a high of $101.98, and then prior to the TRW announcement. TRW Automotive shares closed off the highs Thursday at $98.91, a gain of more than 8%. Report PE Firms Have Renewed Interest in Symantec The Rumor:
Shares of Symantec GME spiked higher Thursday, on a report from Deal Reporter that the company was in takeover talks with private equity firms, including CVC, Carlyle and Bain. Symantec shareholder Valueact reported a new stake of 7.59 million shares on May 14 and has been seeking changes in the company. Symantec shares closed Thursday at $22.83, a gain of $0.20. Crumbs Shares Skyrocket 1200% on Potential Investment The Investment:
Shares of failed cupcake bakery chain Crumbs CRMB rose 1200% Thursday, hitting a high of $0.55, after closing at just $0.03 on Wednesday, on a report from CNBC that the company was close to securing financing from a group including Marcus Lemonis of CNBC's "The Profit". Lemonis plans to move other holdings, including Sweet Pete's into Crumbs. One of he issues causing problems for Crumbs, was its narrow assortment of product, according to CEO Ed Slezak. Crumbs announced the closing of its stores on July 7, following its shares being delisted from the Nasdaq on July 1. Crumbs closed Thursday at $0.40, a gain of $0.37.