Benzinga's M&A Chatter for Wednesday, October 26, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday, October 26, 2016:

Dr Pepper Snapple Said to be in Talks to Buy Bai Brands

The Rumor:
Dr Pepper Snapple Group DPS is said to be in talks to acquire Bai Brands in a deal valued at more than $1.5 billion, according to sources as reported by Reuters on Wednesday. A report on October 3rd mentioned that Bai was exploring a potential sale.

Dr Pepper Snapple is one of several companies talking to Bai about an acquisition, the sources said. In 2015, DPS invested $15 million for a minority stake in Bai.

Dr Pepper Snapple closed at $88.61 on Wednesday, up $0.29.

Vornado Said to Weigh Selling Washington Unit to JBG Via Spinoff

The Rumor:
Vornado Realty Trust VNO is said to have held talks to sell its Washington, D.C., portfolio to JBG following a spin off, according to sources as reported by Reuters on Wednesday. The portfolio of more than 16 million square feet would be spun off into a new company, the sources said.

A Vornado spokesperson declined comment on the report. A spokesman for JBG did not respond to requests for comment.

Vornado closed at $93.16 on Wednesday, down 1.15%.

Randstad Reports Received EC Approval for Purchase of Monster Worldwide

The Approval:
Randstad Holding nv RAND announced Wednesday, that it has received approval from the European Commission for its acquisition of Monster Worldwide, Inc. MWW for $3.40 per share in cash. Ranstand's Tender Offer is scheduled to expire on October 28, 2016 at 12:00 midnight, New York City time, unless further extended.

Monster announced Wednesday that its Board of Directors has unanimously rejected the partial tender offer from affiliate of MediaNews Group. That Tender Offer was for up to approximately 10% of the outstanding shares of common stock of Monster at $3.70 per share.

Monster Worldwide closed Wednesday at $3.37 on Wednesday, down $0.04.