Wall Street Hubbub 9/16: Saks Back in the Rumor Mill, Couche-Tard Talks to Casey's Shareholders, New PotashCorp. Deal in the Works

Rumors, Rumors everywhere. Below are some top talk on Wall Street today:

• Rumored private equity takeover target Saks (NYSE: SKS) is 2 percent higher today on continued speculation a deal could be announced. There have been questions about if the initial reports were accurate.
  
  
• Couche-Tard said is would be willing to further increase their offer for Casey's General Store (Nasdaq: CASY) in a letter to shareholders. They said the $40 per share offer from 7-Eleven is not guaranteed.
  
  
• A China-backed consortium could help finance a management-led buyout of PotashCorp. (NYSE: POT), topping the $130 takeover bid from BHP Billiton (NYSE: BHP).
  
  
• Deutsche Bank said the takeover speculation on Genpact (NYSE: G) is likely unfounded.
  
  
• FBR sees XL Group (NYSE: XL) and Eastern Insurance (Nasdaq: EIHI) as possible takeover targets in Property/Casualty Insurance.
  
  
• Public Service Enterprise Group Inc. (NYSE: PEG) could announce a $500M-$1B stock buyback soon, according to analysts at Goldman Sachs.
  
  
• Unsubstantiated takeover chatter on Akamai Technologies (Nasdaq: AKAM), Blue Coat Systems Inc (Nasdaq: BCSI), and Saks Incorporated (NYSE: SKS).

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