Wall Street's M&A Chatter From December 2-4

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday December 2 through Sunday December 4, 2016.

Sirius XM Said to have Renewed Takeover Interest in Pandora

The Rumor:

Sirius XM Holdings Inc SIRI Chairman Greg Maffei is said to have approached Pandora Media Inc’s P Board regarding a potential acquisition, according to sources as reported by Bloomberg on Friday. Liberty Media LMCA is said to have offered $15 per share for Pandora earlier this year and that offer was rejected by the Pandora Board.

CNBC's David Faber reported that Pandora is open to a sale and is willing to talk with the satellite radio company. Reuters reported that Pandora was not making an effort to sell itself, according to sources.

Pandora closed at $13.33 on Friday, up 16.11 percent.

President Obama Blocks Acquisition of US Business of AIXTRON

President Blocks Deal:

AIXTRON SE AIXG announced Saturday that President Barack Obama issued an order on December 2 blocking the acquisition of the U.S. business of AIXTRON by Grand Chip Investment GmbH. The presidential order was limited to the U.S. business and did not prohibit the acquisition of AIXTRON shares and ADSs by GCI.

AIXTRON and Grand Chip Investment are evaluating the impact of the order on the proposed takeover offer and will coordinate with the German Federal Financial Supervisory Authority to examine how the order effects the takeover process.

Grand Chip agreed in May to acquire Aixtron for €6 per share in cash.

AIXTRON closed at $3.97 on Friday, down 1.24 percent.

Burberry Said to Reject Takeover Approaches from Coach

The Rumor:

Burberry BURBY is said to have rejected multiple takeover from Coach Inc COH, according to sources as reported by Financial Times on Sunday. Sources say there are currently no ongoing discussions.

Burberry and Coach declined comment on the rumor.

Coach closed Friday at $36.23, down $0.05.