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Benzinga's M&A Chatter for Thursday August 11, 2016

The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday August 11, 2016:

Chatter of VF Corp Interest in Hanesbrand The Rumor:
Shares of Hanesbrands (NYSE: HBI) rose Thursday, on unconfirmed market chatter tha VF Corp (NYSE: VFC) could bid $36 per share for the underwear maker. FBR Analyst Susan Anderson told Benzinga such a deal has a"low probability" of happening.

Hanesbrands closed Thursday at $27.265 up 3.30%.

Kraft Heinz Said to be Preparing Bid for Kellogg

The Rumor:
Shares of Kellogg (NYSE: K) traded as high as $84.28 on Thursday, as renewed unconfirmed market chatter circulated of a potential bid from Kraft Heinz (NASDAQ: KHC). "Sources" said Kraft could offer as much as $105 per share for the Battle Creek, MI cereal maker. Kellogg has been rumored to have received interest from Coca-Cola (NYSE: KO), in addition to Kraft.

Kellogg closed at $83.46 on Thursday, up $0.50.

Hewlett Packard Enterprise to Acquire SGI fpr $7.75/Share in Cash

The Deal:
Hewlett Packard Enterprise (NYSE: HPE) announced Thursday, that it has signed a definitive agreement to acquire SGI (NASDAQ: SGI) for $7.75 per share in cash, for a transaction valued at approximately $275 million, net of cash and debt. The transaction is expected to close in Q1 of HPE's FY 2017.

SGI closed at $5.98 on Thursday, and traded as high as $7.85 after-hours.

Carl Icahn Said the be Preparing Offer to Acquire Delek Holdings

The Rumor:
CVR (NYSE: CVI) is said to be planning to make an offer to acquire Delek US Holdings (NYSE: DK), according to sources as reported by the NY Post on Thursday. Carl Icahn owns a controlling stake in CVR and it thought to be building a stake in Delek, the sources said.

An earlier rumor mentioned Icahn taking a large stake in Wynn Resorts (NASDAQ: WYNN), but a source familiar with the matter, told Benzinga Icahn has no interest in buying a Vegas casino.

Delek closed at $14.89 on Thursday and traded as high as $18.30, after-hours.