Benzinga's M&A Chatter for Thursday March 5, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday March 5, 2015:

:

AbbVie

and Pharmacyclics

announced late Wednesday, a definitive agreement whereby AbbVie will acquire Pharmacyclics for $261.25 per share comprised in cash and AbbVie shares. Through a tender offer, AbbVie will offer to acquire all of the outstanding shares of Pharmacyclics' common stock for $261.25 per share, consisting of approximately 58% cash and 42% AbbVie common stock. The deal is expected to close in mid-2015. Pharmacyclics shares gained more than 10% Thursday, closing at $254.22.

:

Ingersoll-Rand plc

announced Thursday, it has completed the acquisition of FRIGOBLOCK for €100 million.. The deal closed on March 4, 2015. Ingersoll Rand shares closed Thursday at $67.68, a gain of 1%.

:

Citigroup Inc.

announced Thursday, that it has sold 396 million common shares in Akbank through an equity offering representing its entire 9.9% equity interest in the company for proceeds from of approximately $1.15 billion. Citigroup shares Thursday at $53.56, down $0.11.

:

Mallinckrodt plc

and privately-held critical care company, Ikaria, announced Thursday, that Mallinckrodt will acquire from a Madison Dearborn-led investor group in a transaction valued at approximately $2.3 billion. The deal is expected to closed in early Q2 of 2015. Mallinckrodt closed Thursday at $121.70, up $5.51.

:

Shares of Lululemon Athletica Inc.

rose Thursday, on unconfimred market chatter of a potential bid from V.F. Corporation

. The rumored offer is $84.00 per share in cash and stock. Nike, Inc.

has previously been mentioned as a possible buyer for the manufacturer of athletic apparel. Spokespersons for Lululemon and V.F. Corporation did not respond to requests for comment. Lululemon closed Thursday at $64.85, down $0.67.

:

Shares of Navistar International Corporation

surged higher Thursday on an unconfirmed rumor that several European automakers, including AB Volvo

, Volkswagen AG

and Daimler AG

were considering a bid for the manufacturer of commercial trucks, buses, defense vehicles and engines. Navistar declined comment on the rumor. Navistar shares closed Thursday at $30.30, up $1.57.