TMCnet News
M&A Navigator: Deal pipeline - 9 June(M&A Navigator Via Acquire Media NewsEdge) The following is a list a of deals covered in detail by M&A Navigator this week: - US LIQUIDITY SERVICES AGREES TO BUY NETWORK INTL FOR INITIAL USD7.5M US Liquidity Services (NASDAQ:LQDT), or LSI, an online auction marketplace for surplus assets, said it has agreed to buy peer Network International for an initial USD7.5m (EUR6.2m) in cash and an additional up to USD7.5m based on EBITDA results over 18 months from closing. Status: Agreed - US VISUALANT BUYS TRANSTECH TO ACCESS DISTRIBUTION US Visualant (OTC:VSUL), a security and authentication systems specialist, said on Wednesday it has closed the purchase of TransTech Systems, to get access to a distribution channel and customer base. Status: Closed - US PC MALL BUYS NETWORK SERVICES PLUS TO BOOST SERVICE PORTFOLIO US PC Mall (NASDAQ:MALL), a direct marketer of technology products, said it had bought Network Services Plus (NSPI) for an initial price of USD7.8m (EUR6.5m), to add to its managed services offering. Status: Closed - US HOME DIAGNOSTICS, NIPRO DIABETES TO TIE UP INTO NIPRO DIAGNOSTICS Florida-based Home Diagnostics and Nipro Diabetes Systems, providing medical products to the healthcare sector, said they will combine their operations and become Nipro Diagnostics Inc. Status: Agreed - US AMHN AGREES TO TAKE OVER SPECTRUM HEALTH NETWORK US AMHN Inc (OTC:AMHN), a supplier of digital video programmes to the healthcare sector, said it has agreed to take over local Spectrum Health Network Inc from Gordon Communications Inc in a share swap deal. Status: Agreed - US KNIGHT CAPITAL TO TAKE STAKE IN EQUIDUCT US financial services firm Knight Capital Group Inc (EPA:KCG) and UK-based Equiduct Systems Ltd, the operator of the pan-European equities trading platform, said that they agreed on Knight to carry out a strategic investment in Equiduct. Status: Agreed - US BD AGREES TO SALE PARTS OF MEDICAL SEGMENT, OPHTHALMIC SYSTEMS UNIT US medical technology company Becton, Dickinson and Company (NYSE:BDX), or BD, said it has agreed on the sale of parts of its Medical activities, including the Ophthalmic Systems unit, to RoundTable Healthcare Partners, private equity firm concentrated on the healthcare sector. Status: Agreed - EPCOR UTILITIES AGREES TO TAKE OVER ARIZONA'S CHAPARRAL CITY WATER Canada-based EPCOR Utilities Inc said it has agreed to take over Arizona-based Chaparral City Water Company, part of American States Water Company (NYSE:AWR), for USD35m (EUR29.35m), including the taking of USD6m in long-term liabilities. Status: Agreed - BASF AGREES TO OFFLOAD HYDROPHILIC MELT ADDITIVES OPS TO US TECHMER German chemical group BASF SE (ETR:BAS) said it has inked a definitive agreement to offload its hydrophilic melt additives operations to US colours and additives producer Techmer PM LLC for an undisclosed sum. Status: Agreed - UK COMMERCIAL PROPERTY TRUST TO TAKE OVER FCPT UK Commercial Property Trust (LON:UKCM), or UKCPT, said it had agreed to take over F&C Commercial Property Trust (FCPT) to create UK's sixth largest listed property company with a market value of some GBP1.6bn (USD2.3bn/EUR1.9bn). Status: Bidding - PAI PARTNERS TO BUY FRENCH LAB TESTING CO CERBA French private equity firm PAI Partners has agreed to acquire clinical testing company Cerba from Nordic buyout firm IK Investment Partners for an undisclosed amount, it said. Status: Agreed - RUSSIAN KAUSTIK BUYS 93.8% OF BEREZNIKI SODA PLANT Russian chemicals company Kaustik said on Wednesday it has taken 93.809% of Berezniki Soda Plant's chartered capital and 96.998% of its common stock. Status: Closed - PMC-SIERRA CLOSES DEAL WITH ADAPTEC US communications and storage chip maker PMC-Sierra unveiled the completion of the previously announced acquisition of the channel storage division of US Adaptec (NASDAQ:ADPT), a provider of hardware and software data storage solutions. Status: Closed - US SUGAR TO TAKE OVER ONLINE CITY GUIDE FRESHGUIDE US women's media firm Sugar Inc said it has inked a definitive agreement to take over FreshGuide Inc, an online city guide focused on women, for an undisclosed sum. Status: Agreed - ITALIAN POLIGRAFICA SAN FAUSTINO BOOSTS STAKE IN MEDIATTIVA Italian printing services provider Poligrafica San Faustino (BIT:PSF) has closed the acquisition of 9% in web designer Mediattiva and thus increased its holding in the company to 74%. Status: Closed - ALLOY SELLS FRONTLINE DIVISION FOR USD36M US media and marketing programmes provider Alloy (NASDAQ:ALOY) said it has sold its FrontLine in-store marketing division to Acosta Sales and Marketing for USD36m (EUR30.1m) in cash. Status: Closed - FRENCH DASSAULT SYSTEMES BUYS EXALEAD FOR EUR135M French software solutions developer Dassault Systemes (EPA:DSY) announced the acquisition of search specialist Exalead for some EUR135m (USD161m). Status: Closed - EMERGENCY MEDICAL SERVICES CLOSES CPPA ANESTHESIA SERVICES OPS BUY US Emergency Medical Services Corp (NYSE:EMS) announced it has finalised the acquisition of the anesthesia services units of local Clinical Partners (CPPA). Status: Closed - ADDTECH TAKES MAJORITY OF EGIL ENG & CO Addtech Components, a unit of Swedish industrial equipment maker Addtech (STO:ADDTB), signed a deal to buy 80% of Norwegian sector player Egil Eng & Co AS for an undisclosed sum. Status: Agreed - ING'S REAL ESTATE UNIT SALE COULD FETCH UP TO EUR600M A potential sale of ING Real Estate Investment Management, part of Dutch financial services group ING (AMS:INGA), could fetch between EUR500m (USD597.4m) and EUR600m, brokerage firm SNS Securities said. Status: Auction - UK MISYS TO SELL MOST OF ITS ALLSCRIPTS STAKE, AHEAD OF ALLSCRIPTS/ECLIPSYS TIE-UP UK application software company Misys (LON:MSY) said it had decided to sell the majority of its 54.6% in its US unit Allscripts (NASDAQ:MDRX), so that Allscripts can move on with the proposed merger with Eclipsys (NASDAQ:ECLP). Status: Agreed - US WESCO COMPLETES SALE OF LADD INDUSTRIES STAKE US-based electrical construction products provider Wesco International Inc (NYSE:WCC) said it has closed the sale of its 40% stake in LADD Industries LLC to its joint venture partner Deutsch Engineered Connecting Devices Inc for USD40m (EUR33.5m). Status: Closed - UK BRULINES AGREES TO BUY RETAIL & FORECOURT SOLUTIONS UK Brulines (LON:BRU), providing real time monitoring systems to the leisure and forecourt services sectors, said it was buying Retail & Forecourt Solutions (RFS), in a cash deal. Status: Agreed - AEROFLEX STRIKES DEAL TO BUY PEER FOR USD20M IN CASH US aerospace electronics components maker Aeroflex said it has inked an agreement to buy peer Advanced Control Components from another aerospace and defence electronic devices producer, Emrise Corp (NYSE:ERI), for USD20m (EUR16.8m) in cash. Status: Agreed - AUSTRIAN OEVAG ON TRACK TO SELL PROPERTY UNIT Austrian bank Oesterreichische Volksbanken AG (WBAG:VBPS), or OeVAG, is nearing a deal to sell its real estate unit Europolis, OeBAG's spokesman Walter Groeblinger said. Status: Exclusivity - UK MORSON TAKES OVER TROUBLED RIVAL WYNNWITH FOR GBP7.75M UK technical staffing company Morson (LON:MRN) said it had bought loss-making rival Wynnwith Group Limited and its trading Italian unit Wynnwith SRL, for cash GBP7.75m (USD11.2m/EUR9.4m). Status: Closed - HARMAN COMPLETES SALE OF QNX SOFTWARE UNIT US hi-fi audio systems maker Harman International (NYSE:HAR) said it has closed the divestment of its software operating systems unit QNX Software Systems to Canadian wireless solutions specialist Research In Motion (TSE:RIM) for USD200m (EUR168m). Status: Closed - SANTANDER IN EXCLUSIVE TALKS TO BUY SEB'S GERMAN RETAIL BANK OPS Swedish lender Skandinaviska Enskilda Banken (STO:SEBA), or SEB, is holding exclusive negotiations with Spanish banking group Banco Santander (MCE:SAN) over the sale of its struggling German retail banking unit. Status: Exclusivity - SWISSQUOTE ACQUIRES TRADING PLATFORM TRADEJET Swiss online broker Swissquote Group (SWF:SQN) said it has bought trading platform Tradejet from Boerse Stuttgart in a move to strengthen its presence in the online trading sector. Status: Closed - SECURITAS TO PAY USD32M FOR US PARAGON SYSTEMS Sweden-based security services group Securitas (STO:SECU B) said it has agreed to take over US sector company Paragon Systems for an enterprise value of SEK258m (USD31.9m/EUR26.7m). Status: Agreed - CENTAUR TAKES OVER UK TAXBRIEFS FOR GBP1.9M IN CASH British business and special interest media group Centaur (LON:CAU) announced it has acquired tax information and advice provider Taxbriefs Holdings for GBP1.9m (USD2.7m/EUR2.3m) in cash. Status: Closed - GDF SUEZ TO GAIN FULL CONTROL OF GASELYS French utility GDF Suez (EPA:GSZ) is planning to buy out Gaselys, its joint venture with local lender Societe Generale (EPA:GLE), in a bid to become a major European gas and energy trader. Status: Speculation - HITACHI SAYS NOT PLANNING TO CHANGE HOLDING IN JV WITH GE Japanese electronics giant Hitachi (TYO:6501) said it has no intention to change the size of its stake in its nuclear power joint ventures with General Electric (NYSE:GE). Status: Denied - AUSTRIAN VOLKSBANKEN CLOSES IN ON EUROPOLIS SALE Oesterreichische Volksbanken (WBAG:VBPS) is near closing the sale of its property unit Europolis, Walter Groeblinger, spokesman for the Austrian bank said. Status: Talks - ALLSCRIPTS TO TAKE OVER ECLIPSYS IN USD1.35BN ALL-STOCK DEAL US clinical software maker Allscripts (NASDAQ:MDRX) confirmed it has clinched a USD1.35bn (EUR1.13bn) all-stock deal to take over competitor Eclipsys (NASDAQ:ECLP) in an effort to become a leader in the healthcare IT sector. Status: Agreed - UK AUTONOMY AGREES TO BUY US CA TECHNOLOGIES' UNIT UK infrastructure software company Autonomy Corp (LON:AU) said it plans to buy the information governance business of US IT firm CA Technologies (NASDAQ:CA) to enhance its portfolio for the legal, regulatory and investigative markets. Status: Agreed - SANTANDER TO ACQUIRE BOFA'S STAKE IN MEXICAN UNIT FOR USD2.5BN Spanish banking group Santander (MCE:SAN) said it agreed to buy Bank of America's (NYSE:BAC) 24.9% in Grupo Financiero Santander (MXK:SANMEXB), or Banco Santander Mexico, for USD2.5bn (EUR2.09bn). Status: Agreed - GERMAN K+S MULLS OVER SELLING COMPO UNIT German fertiliser maker K+S (ETR:SDF) unveiled plans to sell its Compo garden fertiliser unit. Status: Auction - KENSINGTON LEASING CLOSES ALLIANEX DEAL US equipment leasing company Kensington Leasing (OTC:KNSL) said it has completed the acquisition of prepaid cards distributor Allianex. Status: Closed - SHELL BUYS INTO VIRENT ENERGY IN USA Oil major Royal Dutch Shell (AMS:RDSA, LON:RDSA) announced the acquisition of a 15.5% stake in US biofuel firm Virent Energy Systems. Status: Closed - ING PICKS MORGAN STANLEY FOR REAL ESTATE UNIT SALE Dutch financial services group ING (AMS:INGA) has mandated Morgan Stanley (NYSE:MS) to advise it on a potential sale of its real estate management business. Status: Auction - ITALIAN RECORDATI TAKES OVER ROMANIAN ARTMED Italian drug maker Recordati (BIT:REC) said it has bought Bucharest-based drug promoter and marketer ArtMed International for EUR1.2m (USD1.4m) plus an earn-out based on licences. Status: Closed - US PAETEC WRAPS UP QUAGGA TAKEOVER US voice and data services provider Paetec Corp announced the completion of the previously announced acquisition of systems integrator Quagga Corp. Status: Closed - ALLSCRIPTS-MISYS HEALTHCARE, ECLIPSYS REPORTEDLY TO TIE UP US healthcare IT firms Allscripts-Misys Healthcare Solutions and Eclipsys will merge in an all-stock deal, worth USD1.35bn (EUR1.13bn). Status: Speculation - UK SCOTT WILSON SAYS GETS TAKEOVER APPROACH British design and engineering consultancy Scott Wilson Group (LON:SWG) said it has been approached by an unnamed suitor over a potential takeover offer for the company, which pushed its shares up by 43%. Status: Bidding - NORWEGIAN INTEROIL SAYS WEST FACE TO MAKE NOK12.50 P/S CASH OFFER Norway-based oil and gas company InterOil (OSL:IOX) said it has entered a binding agreement under which investor West Face Norway AS will launch a NOK12.50 (USD1.9/EUR1.6) apiece public voluntary cash offer for InterOil. Status: Bidding - RENAULT SAYS IN JOINT LOI WITH NISSAN TO BUY S KOREAN SSANGYONG Renault Samsung Motors, a unit of French carmaker Renault (EPA:RNO), and Japanese Nissan (TYO:7201) offered in a joint letter of intent to buy South Korean carmaker Ssangyong Motor (SEO:003620). Status: Bidding - CARLYLE TO TAKE OVER FRENCH HEAT EXCHANGERS MAKER GIANNONI US private equity firm Carlyle said it has submitted a bid to acquire 65% of French heat exchangers maker Giannoni. Status: Bidding - GERMAN GERRESHEIMER EXPLORES ACQUISITIONS German packaging specialist Gerresheimer (ETR:GXI) is considering potential acquisitions to trigger its growth plans. Status: Bidding - JCDECAUX SEEKING ACQUISITIONS IN US French outdoor advertising company JCDecaux (EPA:DEC) is eyeing acquisitions in the US, the company's managing director Jean-Francois Decaux and chairman Jean-Charles Decaux said. Status: Bidding - SEADRILL EXTENDS TENDER OFFER FOR SCORPION OFFSHORE Oslo-listed offshore service provider Seadrill Ltd (OSL:SDRL) announced an extension of its tender offer for Bermuda-based offshore drilling rigs manufacturer Scorpion Offshore (OSL:SCORE) due to a tepid response from shareholders. Status: Bidding - TRITON CONFIRMS BIDDING FOR GERMAN KARSTADT German-Swedish private equity firm Triton is still interested in acquiring troubled German department store operator Karstadt. Status: Bidding - PUMA CEO SAYS KEEN ON MORE BUYS IF COMPLEMENTARY TO BIZ German sports apparel maker Puma (ETR:PUM) could study potential buys, if appropriate opportunities arise, the company's chief executive Jochen Zeitz said. Status: Bidding - US AT&T SAID TO BUY MINORITY IN INDIAN RELIANCE US telecom group AT&T (NYSE:T) is negotiating the potential purchase of a significant minority stake in Indian Reliance Communications (BOM:532712). Status: Talks - WALT DISNEY TO START EXCLUSIVE TALKS ON MIRAMAX SALE The Walt Disney Co (NYSE:DIS) will resume exclusive talks to sell its Miramax film unit. Status: Exclusivity - JOHNSON CONTROLS REMAINS INTERESTED IN VISTEON DESPITE REJECTED BID US automotive batteries maker Johnson Controls (NYSE:JCI) said it is still willing to buy car parts supplier Visteon Corp (OTCBB:VSTNQ) despite the rejection of its first USD1.25bn (EUR1.05bn) cash bid. Status: Bidding - EMERSON SAID TO SWEETEN CHLORIDE OFFER US technology company Emerson Electric (NYSE:EMR) will probably raise its hostile offer for UK power solutions supplier Chloride (LON:CHLD). Status: Bidding - SPANISH GRIFOLS CLOSE TO BUY US TALECRIS BIOTHERAPEUTICS Spanish healthcare company Grifols (MCE:GRF) is nearing an agreement to acquire US-based biotech firm Talecris Biotherapeutics (NASDAQ:TLCR). Status: Talks; Speculation - SPANISH BBVA IN TALKS TO BUY YORKSHIRE, CLYDESDALE BANKS IN UK Spanish bank BBVA (MCE:BBVA) is negotiating the potential acquisition of UK commercial banks Yorkshire and Clydesdale from National Australia Bank (ASX:NAB). Status: Talks - CEO SAYS GERMAN SAP EYES NEW BUYS TO BOOST MARKET POSITION German software specialist SAP (ETR:SAP) is seeking new acquisitions, including large buys, to further bolster its market position and generate value for the shareholders. Status: Bidding - THAI TMB BANK TALKS ONLY WITH ING ON STAKE SALE Thai TMB Bank (BAK:TMB) is solely negotiating with Dutch bancassurer ING Group (AMS:INGA) about the potential sale of the remaining government stake in the bank. Status: Talks - THAI TMB BANK IN TALKS WITH ING ON STAKE TO BE SOLD BY STATE --TMB EXEC Thai bank TMB Bank (BAK:TMB) is only discussing with Dutch ING group (NYSE:ING) the sale of the 26% TMB stake owned by the Thai finance ministry. Status: Talks - SHELL, EXXON SAID TO BE PLANNING SALE OF GERMAN GAS STORAGE JV Anglo-Dutch oil major Shell (LON:RDSA) and US peer Exxon Mobil (NYSE:XOM) are looking to divest their 50/50 German gas storage joint venture BEB. Status: Auction - RBS ALLEGEDLY PICKS THREE BIDS FOR WORLDPAY UK's banking giant RBS (LON:RBS) has shortlisted three bidders for the final stage of the auction for its payment-processing unit Global Merchant Services (GMS), valued at around USD4bn (EUR3.4bn). Status: Auction - SBERBANK WILLING TO ACQUIRE A TOP-10 UKRAINIAN BANK Russian state-owned lender Sberbank (MCX:SBER03) is considering the acquision of one of the ten biggest Ukrainian banks. Status: Bidding - SANTANDER PLANS SALE OF RUSSIAN ARM Spanish banking giant Banco Santander (MCE:SAN) is seeking buyers for its Russian unit JSC Santander Consumer Bank. Status: Auction - ABB OFFERS GBP860M FOR UK CHLORIDE GROUP Swiss automated technologies provider ABB (VTX:ABBN) said it has offered to buy British power solutions maker Chloride Group (LON:CHLD) for GBP860m (USD1.25bn/EUR1.04bn) in a bid to enhance its position in the uninterruptible power supplies (UPS) market. Status: Bidding ((Comments on this story may be sent to [email protected])) (c) 2010 M2 COMMUNICATIONS |