Benzinga's M&A Chatter for Wednesday June 3, 2015

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday June 3, 2015:

:

Germany's BASF

is looking at a potential bid for Swiss agribusiness company Syngenta AG

, according to sources, as reported by

on Wednesday. Syngenta has received a $45 billion takeover offer from Monsanto Co

, which it rejected. Syngenta has expressed concerns over antitrust issues involving a Monsanto deal. BASF, Syngenta and Monsanto declined to comment to

regarding this new report. Syngenta shares rose $0.06 Wednesday, to close at $26.81.

:

IBM

announced Wednesday, it has acquired managed private cloud provider, Blue Box Group. Terms were not disclosed. IBM shares rose $0.27 Wednesday, closing at $169.92.

:

Ctrip.com International, Ltd.

announced Wednesday, that it is no longer interested in pursuing talks for a potential deal with Qunar Cayman Islands Limited

, based on Qunar's recent earnings report and corporate actions. Ctrip sent a confidential, non-binding, preliminary proposal to Qunar's board of directors in early May indicating its interest in pursuing a potential deal with Qunar. This week, Qunar responded to Ctrip, stating that the proposal was not accepted and indicating that Qunar would be open to having further discussions. Ctrip shares fell almost 3% Wednesday, closing at $74.88. Qunar shares fell $0.31, to close at $45.71.

:

Shares of Entertainment Corp.

and Starz

spiked higher Wednesday, on a report from the

, that Liberty Media's

John Malone said that Lion's Gate could acquire Starz and possibly other "free radicals" in the industry. Malone is a stakeholder in both companies. Lions Gate shares gained almost 2% Wednesday, closing at $33.80. Starz rose 1.5%, closing at $41.70.