Benzinga's Microcap Movers for Monday June 25, 2012

The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 25, 2012:

Microsoft to Acquire Yammer for $1.2B

The Deal:
Microsoft (NASDAQ: MSFT) and Yammer announced Monday that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash. Yammer will join the Microsoft Office Division, led by division President Kurt DelBene, and the team will continue to report to current CEO David Sacks.

Microsoft closed at $29.87 Monday, a loss of 2.72% on average volume.

Fidelity National Financial Announces Agreement To Acquire J. Alexander's

The Deal:
Fidelity National Financial (NYSE: FNF) announced Monday the signing of a definitive agreement to merge J. Alexander's Corporation (NASDAQ: JAX) with a subsidiary of American Blue Ribbon Holdings, a newly formed, majority owned subsidiary of FNF, in a transaction which values the equity of J. Alexander's at approximately $72 million.

Under the merger agreement, shareholders of J. Alexander's may elect to receive per share $12 in cash or a combination of $3 in cash and one share of Class A common stock of ABRH, subject to proration at closing so that the J. Alexander's shareholders that receive stock will own a total of 49.9% of the shares in ABRH. When issued, these ABRH shares will be listed for trading on Nasdaq, and will represent an aggregate 6% economic interest in the combined restaurant operations, including J. Alexander's. The remaining economic interests in the combined restaurant operations will be owned by FNF and other minority investors. Following the transactions, FNF will hold a special class of common stock in ABRH that will entitle FNF to at least 50.1% of the voting power of ABRH so long as FNF retains at least a 40% economic interest in the combined restaurant operations.

The transaction is targeted to close in the fourth quarter of 2012.

J. Alexander's closed at $11.53 Monday, a gain of 16.46% on 19 times the average daily volume.

Lightyear Capital to Acquire FIS Healthcare Benefit Solutions Business for $335M

The Deal:
Lightyear Capital LLC, a New York-based private equity firm focused on financial services investing, announced Monday that an affiliated investment fund has entered an agreement to acquire FIS' Healthcare Benefit Solutions business from Fidelity National Information Services (NYSE: FIS) for $335 million.

The transaction is expected to close by the end of the third quarter of 2012.

Fidelity National Information Services closed at $32.49 Monday, a loss of 2.37% on lower than average volume.

Quest Software Announces Receipt of $27.50 Per Share Bid; Won't Confirm it's from Dell

The Offer:
Quest Software (NASDAQ: QSFT) announced the receipt of a proposal from a strategic bidder to acquire all of the outstanding shares of Quest common stock for $27.50 per share in cash.

The Company's Board of Directors, acting through the special committee of independent directors established by the Company's Board of Directors, determined that the proposal constitutes a Superior Proposal, as such term is defined in the Agreement and Plan of Merger dated March 8, 2012, as amended on June 19, 2012, among Quest and affiliates of Insight Venture Management, LLC and Vector Capital. In making its determination, the Special Committee consulted with its independent financial advisors and outside legal counsel.

Spokespersons for Dell and Quest would not confirm that Dell submitted the $27.50 per share offer.

Quest Software closed at $27.70 Monday, a gain of 5.63% on 8 times the average daily volume.

Research in Motion Denies Sale, Spinoff of Handset Unit

The Rumor:
Research in Motion (NASDAQ: RIMM) today denied a report in the UK Sunday Times that the Blackberry Maker might sell or spinoff its handset unit as a separate company.

A spokesperson for RIMM told Benzinga: “RIM has hired advisers to help the Company examine ways to leverage the BlackBerry platform through partnerships, licensing opportunities and strategic business model alternatives. As Thorsten said on the Company's fourth-quarter earnings call, 'We believe the best way to drive value for our stakeholders is to execute on our plan to turn the company around.' This remains true."

Research in Motion closed at $9.11 Monday, just off its 52-week low.