Benzinga's M&A Chatter for Monday August 15, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday August 12, 2016:

Xylem to Acquire Sensus for $1.7B Cash

The Deal:
Xylem Inc. XYL announced Monday, an agreement to acquire Sensus for approximately $1.7 billion in cash. The transaction is expected to close in Q4 of 2016.

Xylem closed Monday at $50.32, up 3.86%.

MAA, Post Properties to Merge

The Deal:
MAA MAA and Post Properties, Inc. PPS announced Monday that they have entered into a definitive merger agreement under which each share of Post common stock will be converted into 0.71 shares of newly issued MAA common stock.

The transaction is expected to close during Q4 of 2016. Post Properties closed at $68.08 on Monday, up 9.42%.

AIG to Sell United Guaranty Corporation to Arch Capital Group for $3.4B

The Deal:
American International Group, Inc. AIG announced Monday, that it has agreed to sell its 100% interest in United Guaranty Corporation to Arch Capital ACGL for $3.4 billion, consisting of $2.2 billion of cash, $250 million of newly issued Arch perpetual preferred stock, and $975 million of newly issued Arch convertible non-voting common-equivalent preferred stock. Closing is subject to regulatory approvals.

AIG closed at $59.22 on Monday, up $0.37. Arch Capital rose 3.08% to close at $77.09.

FIT Said to have been Approached by Multiple PE Groups

The Rumor:
Traders are citing unconfirmed market chatter that FitBit FIT has hired bankers to handle approaches from multiple private equity groups. "Sources" say a takeover bid of $24 per share is being mentioned. FitBit declined comment to on being approached by private equity.

FitBit closed at $15.65 on Monday, up 4.54%.