Benzinga's M&A Chatter for Wednesday April 15, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday April 15, 2015: Nokia Acquires Alcatel-Lucent in All-Stock Deal The Deal:
Nokia NOK and Alcatel-Lucent ALU announced Wednesday, that the two companies have entered into a memorandum of understanding, under which Nokia will make an all-stock offer for all of the equity securities issued by Alcatel-Lucent, through a public exchange offer in France and in the United States, on the basis of 0.55 of a new Nokia share for every Alcatel-Lucent share. The offer values Alcatel-Lucent at EUR 15.6 billion on a fully diluted basis, corresponding to a fully diluted premium of 34% (equivalent to EUR 4.48 per share), and a premium to shareholders of 28% (equivalent to EUR 4.27 per share) (see Appendix 1), on the unaffected weighted average share price of Alcatel-Lucent for the previous three months. This is based on Nokia`s unaffected closing share price of EUR 7.77 on April 13, 2015. The deal is expected to close in H1 of 2016. Alcatel-Lucent shares lost 18% Wednesday, closing at $4.04. 58.com, Ganji.com Said to have Signed Agreement; Deal to be Announced Thursday The Rumor:
58.com WUBA and Ganji.com, have reportedly signed an agreement, according to a source knowledgeable about the matter. The source, who wished to remain anonymous, told Benzinga that the deal is closed. Multiple sources reported Wednesday, that the acquisition of Ganji.com by 58.com will be officially announced on Thursday. FT reported on Tuesday, that an MoU had been signed. 58.com shares lost 4.5% Wednesday, closing at $64.74. Report of Potential Alibaba Bid for Qihoo 360 The Rumor:
Shares of Qihoo 360 QIHU rose Wednesday, on unconfirmed market chatter of a potential bid from Alibaba BABA. Spokespersons for Alibaba and Qihoo 360 were not immeidately available for comment. Qihoo 360 shares gained 129% Wednesday, closing at $1.01. Land and Buildings, Orange Capital Want Macerich Board to Reconsider Simon Bid The Activist Letters:
Shares of Macerich MAC spiked higher Wednesday, on a press release from Land and Buildings and Orange Capital, LLC, announcing that they have formed an investment group to advocate for change at Macerich. Orange/L&B also released two letters sent by Land and Buildings to Art Coppola, Chairman and Chief Executive Officer of Macerich. One letter states the Macerich should reengage with Simon Property Group SPG, as there is only about a 5% difference between Simon's latest offer of $95.50 per share and Macerich Chairman's fair value of $105. Macerich shares rose almost 1.5% Wednesday, closing at $82.30.