M&A Navigator: Deal pipeline – 14 July
The following is a list a of deals covered in detail by M&A Navigator this week:
- US DUCK CREEK CLOSES TAKEOVER OF EUROPEAN PARTNER
US insurance software provider Duck Creek Technologies Inc said it had wrapped up the takeover of UK-based partner Duck Creek Technologies Europe Ltd for undisclosed sum.
Status: Closed
- US GLOBAL EQUIPMENT SERVICES TAKES OVER INDIAN INFOTEK
US Global Equipment Services Inc, or GES, said it had closed the takeover of Indian equipment automation software firm Infotek, part of Japanese semiconductor company WINS Ltd.
Status: Closed
- GERMAN EVOTEC TO TAKE OVER DEVELOGEN FOR EUR14M
German drug discovery and development firm Evotec (ETR:EVT) said it had struck a definite deal to buy biopharmaceutical company DeveloGen for EUR14m (USD17.8m) in stock and a cash earn-out.
Status: Agreed
- TURKISH HALKBANK STILL IN TALKS TO BUY BANK IN THE BALKANS
Turkish bank Halkbank (IST:HALKB) said in a statement to the Istanbul stock exchange that negotiations on its acquisition of a bank in the Balkans are progressing.
Status: Talks
- CROATIAN AGROKOR IN TALKS TO BUY SALFORD CAPITAL'S STAKE IN SERBIAN IMLEK
Croatian food and beverage conglomerate Agrokor is negotiating the acquisition of Salford Capital Partners' 80.5% stake in Serbian dairy firm Imlek (BEL:IMLK).
Status: Talks
- US NEUWING DEVELOPMENT, RENEWABLE POWER PARTNERS MERGE INTO NEUWING RENEWABLE ENERGY
US Neuwing Development, a unit of energy and financial consultants Neuwing Energy Ventures, said it had closed its merger with Renewable Power Partners (RPP) and formed Neuwing Renewable Energy.
Status: Closed
- REX AMERICAN RESOURCES WRAPS UP BUY OF 48% IN NUGEN
US alternative energy and real estate investor REX American Resources (Corp NYSE:REX) said it had closed the acquisition of some 48% in NuGen Energy, effective 30 June.
Status: Closed
- US PRIMESTREAM ANNOUNCES ACQUISITION OF BUILDING4MEDIA
US broadcast and IT solutions firm Primestream Corp said it had bought IT-based systems specialist Building4Media, to broaden its existing platform and expand global reach.
Status: Closed
- EDP NEARS DEAL TO BUY MORE OF SPANISH UTILITY NATURGAS
Portuguese power and gas utility Energias de Portugal (ELI:EDPAE) , or EDP, is closing in on a deal to buy a further 25% stake in Spanish gas utility Naturgas from the Basque government.
Status: Exclusivity
- OCI TO TAKE FULL CONTROL OF MICRO CHEMIE IN ROTTERDAM
Egyptian Orascom Construction Industries (CAI:OCIC), or OCI, a construction and fertilizer group, said its OCI Fertilizer International BV unit had agreed to take full control of Micro Chemie BV, without giving financial details.
Status: Agreed
- US SHARYLAND UTILITIES, HTS TAKE OVER CAP ROCK ENERGY
US Sharyland Utilities LP and its affiliate Hunt Transmission Services LLC, or HTS, said they had wrapped up the takeover of Cap Rock Energy Corporation and its NewCorp Resources Electric Cooperative subsidiary.
Status: Closed
- THOMPSON STREET UNLOADS US DCL TO LABCORP
Private equity firm Thompson Street Capital Partners said it had sold US DCL Medical Laboratories LLC to sector company Laboratory Corporation of America Holdings, or LabCorp, for an undisclosed sum.
Status: Closed
- GERMAN BAYWA BUYS 94.5% STAKE IN SCHRADENBIOGAS
German industrial and agricultural goods retailer Baywa AG (ETR:BYW6) said it has acquired a 94.5% stake in biogas plants operator Schradenbiogas GmbH & Co in a deal worth EUR6m (USD7.6m).
Status: Closed
- US MEREDITH BUYS MOBILE MARKETING FIRM THE HYPERFACTORY
US media and marketing company Meredith Corporation (NYSE:MDP) said it had closed the takeover of mobile marketing firm The Hyperfactory without providing the acquisition price.
Status: Closed
- US ROLLINS TO BUY PEST CONTROL MANAGER WALTHAM SERVICES
US consumer and commercial services provider Rollins Inc (NYSE:ROL) said it had agreed to purchase Massachusetts-based Waltham Services Inc, a specialist in pest control.
Status: Agreed
- US MASIMO TAKES OVER BRAIN FUNCTION MONITORING PRODUCER
US medical technology company Masimo Corp (NASDAQ:MASI) said it had taken over local brain function monitoring producer SEDLine Inc for an undisclosed sum.
Status: Closed
- NATTOPHARMA LOOKING FOR BUYER, REJECTS NOK2.86 P/S BID
Norwegian biotechnology company Nattopharma (OSL:NATTO) said it was still seeking a buyer for a stake or for the entire company for the right price, after having rejected a low NOK2.86 (USD0.46/EUR0.36) per share bid from an unnamed party.
Status: Auction
- GERMAN ENBW SAID TO BUY MAJORITY IN CZECH PRE GROUP
German utility Energie Baden-Wuerttemberg (ETR:EBK) is set to buy a 69.9% stake in Czech electricity supplier PRE Group.
Status: Agreed
- MERITURN PARTNERS DIVESTS US DUNN PAPER INTEREST
US private equity firm Meriturn Partners LLC said it had divested its interest in Port Huron-based Dunn Paper, a producer of specialty papers, to investor Wingate Partners.
Status: Closed
- US SERVIGISTICS BUYS SOFTWARE FIRM CONDUIT INTERNET TECHNOLOGIES
US software platform provider Servigistics Inc said it had bought Conduit Internet Technologies Inc, a specialist in the field of product content management solutions, for an undisclosed sum.
Status: Closed
- US EXOPACK CLOSES BUY OF TWO BEMIS FACILITIES FOR USD82M
US Exopack, a manufacturer of plastic and paper flexible packaging, said it had finalised the acquisition of two units of packaging products firm Bemis (NYSE:BMS) for cash USD82m (EUR64.5m).
Status: Closed
- EC CLEARS IBERIA, BA MERGER
The European Commission (EC) approved the merger of Spanish airline Iberia (MCE:IBLA) and British Airways (LON:BAY), as it found no competition concerns related to the deal.
Status: Agreed
- US HEALTHNOSTICS WRAPS UP PURCHASE OF WORLDWIDE WIPES
US medical analytics firm Healthnostics Inc (PINK:HNSS) said it had closed the buy of US producer of wipes for medical uses Worldwide Wipes Co.
Status: Closed
- BELGIAN THOMAS & PIRON SEEKS BUYER
Belgian construction group Thomas & Piron is looking for a buyer.
Status: Auction
- COMCAST GETS EU NOD TO BUY MAJORITY IN NBC UNIVERSAL
The European Commission (EC) said it has approved the proposed acquisition of a controlling interest in US media conglomerate NBC Universal, part of General Electric (NYSE:GE), by cable services provider Comcast (NASDAQ:CMCSA).
Status: Agreed
- US BENIHANA LOOKING AT OPTIONS, INCLUDING SALE
US Benihana (NASDAQ:BNHNA), operating Japanese-stylerestaurants, said its board will review strategic options for the company, including a sale, in a move to boost shareholder value.
Status: Auction
- S AFRICAN NASPERS TO TAKE 28.7% IN RUSSIAN DST
South African-based media group Naspers (JNB:NPN) said it will buy 28.7% in Russian Internet company Digital Sky Technologies (DST).
Status: Agreed
- UK P2I ANNOUNCES SURFACE INNOVATIONS ACQUISITION
UK P2i, a top liquid repellent nano-coating technology provider, said it had taken full control of Surface Innovations, without revealing the price, to broaden offering.
Status: Closed
- BAE SYSTEMS WRAPS UP ATLANTIC MARINE HOLDING BUY
UK defence and aerospace company BAE Systems (LON:BA) said it had closed the USD352m (EUR277m) purchase of US Atlantic Marine Holding Company.
Status: Closed
- FINNISH KONECRANES BUYS FRENCH BOUYER MANUTENTION
Finnish engineering group Konecranes (HEL:KCR1V) said it has acquired French engineering services provider Bouyer Manutention (BM) in a drive to beef up its position in France.
Status: Closed
- GOLDMAN SACHS MULLS OVER SELLING JAPANESE TEIBOW STAKE
US investment bank Goldman Sachs (NYSE:GS) is considering to dispose of its 86% interest in Japanese felt pen nibs maker Teibow Co.
Status: Auction
- NOKIASIEMENS EYES MOTOROLA TELECOM EQUIPMENT BUSINESS
German-Finnish Nokia Siemens Networks is negotiating the acquisition of the telecom equipment unit of US handset maker Motorola (NYSE:MOT).
Status: Talks
- BELGIAN DELHAIZE KEEN TO BUY SERBIAN SUPERMARKET CHAINS
Belgian food retailer Delhaize (EBR:DELB) is in talks with Serbian diversified holding Delta about a partial acquisition of its supermarket division Delta Maxi.
Status: Talks; Speculation
- DUTCH ABN AMRO TO BUY 25% STAKE IN TOM
Dutch ABN Amro Clearing Bank will buy a 25% stake in The Order Machine, or TOM, a 50/50 joint venture of online broker BinckBank (AMS:BINCK) and trading specialist Optiver.
Status: Agreed
- UK ARK THERAPEUTICS SAYS IN TALKS TO SELL UNITS
UK healthcare specialist Ark Therapeutics (LON:AKT) said it was talking to a number of parties interested in buying its Woundcare and Manufacturing units, as part of its efforts to boost shareholder value.
Status: Talks
- COUCHE-TARD PROLONGS OFFER FOR US CASEY'S TO AUGUST
Canadian convenience store operator Alimentation Couche-Tard Inc said it had extended its cash offer to take over US Casey's General Stores Inc (NASDAQ:CASY) for USD36 (EUR28.65) per share until 6 August 2010.
Status: Bidding
- HEFNER OFFERS USD5.50 PER PLAYBOY SHARE, WANTS TO TAKE COMPANY PRIVATE
US adult entertainment group Playboy Enterprises Inc (NYSE:PLA) said Hugh Hefner has filed a proposal to buy all the outstanding shares he currently does not own in the company for USD5.50 (EUR4.38) apiece, or some USD122.5m, in cash.
Status: Bidding
- RUSSIAN MTS ANNOUNCES BID FOR 9% OF COMSTAR
Russian fixed-line operator Comstar (LON:CMST) said that mobile operator Mobile TeleSystems (NYSE:MBT), or MTS, had launched a voluntary tender offer to buy up to 9% of Comstar stock for RUB220 (USD7.10/EUR5.70) apiece.
Status: Bidding
- BIOMAGNETICS DIAGNOSTICS SEALS LOI TO TAKE OVER CHINESE PVA FILM PRODUCER
US diagnostics system developer Biomagnetics Diagnostics Corp (PINK:BMGP) said it had inked a letter of intent (LOI) to buy Chinese PVA film producer Lanzhou Sanhuan New Technology Development Ltd.
Status: Exclusivity
- DUTCH MAXEDA SAID TO SELL FIRST V&D CHAIN
Dutch retailer Maxeda BV will set a priority on finding a buyer for its V&D department stores and La Place restaurants in the planned sale of its apparel unit.
Status: Auction; Speculation
- SERBIAN IMLEK TO BID FOR BOSNIAN MLJEKARSKA INDUSTRIJA BANJA LUKA
Serbian dairy producer Imlek BEL:IMLK) said it will soon submit a takeover bid for loss-making Bosnian sector player Mljekarska Industrija Banja Luka, without disclosing the value of the bid.
Status: Bidding
- AVIS SAID TO OUTBID HERTZ IN DOLLAR THRIFTY RACE
US car and truck rental company Avis Budget (NYSE:CAR) will submit a higher bid for its peer Dollar Thrifty Automotive Group (NYSE:DTG) in a move to outbid rival Hertz's (NYSE:HTZ) current offer of USD1.2bn (EUR953m).
Status: Bidding; Speculation
- LUKOIL HIGHEST BIDDER FOR CROATIAN CROBENZ, MAY INK DEAL BY WEEKEND
Russian oil and gas group Lukoil (MCX:LKOH) placed the highest bid for the acquisition of Croatian fuel retailer Crobenz, offered for sale by local oil and gas company INA (ZSE:INA-R-A), and may strike a deal by the weekend.
Status: Bidding; Talks
- US AXIA IN TALKS TO BUY COLLAGENNA SKIN CARE UNIT OF HTDS
US holding company Axia Group Inc (PINK:AGIJ) said it had started talks with US Hard to Treat Diseases Inc (PINK:HTDS) for the acquisition of its Collagenna Skin Care division.
Status: Talks
- US EGPI FIRECREEK IN TALKS TO TAKE OVER CADDO INTL
US oil and gas company EGPI Firecreek Inc (OTC:EFIR) said it was in talks for the acquisition of oil services firm Caddo International for an undisclosed sum.
Status: Talks
- GERMAN ELRINGKLINGER IN TALKS TO BUY FREUDENBERG'S STATIC METAL GASKET UNIT
German car parts maker ElringKlinger (ETR:ZIL2) said it was in advanced negotiations to take over the static metal gasket business of Freudenberg & Co KG.
Status: Talks
- IDEAL SHOPPING DIRECT WILL STUDY OPTIONS, INCLUDING SALE
The board of UK television and Internet shopping company Ideal Shopping Direct (LON:IDS) said in response to media speculation that it planned to look at options for the company, including a sale.
Status: Auction
- RUSSIAN MEGAFON IN TALKS OVER AKADO ACQUISITION - CEO
Russian mobile operator Megafon is negotiating the acquisition of broadband and cable TV provider Akado.
Status: Talks
- RUSSIAN MTS MAY BUY MULTIREGION SOON
Russian mobile operator Mobile TeleSystems (NYSE:MBT), or MTS, could strike a deal in the next two weeks to take over broadband and cable TV operator Multiregion.
Status: Talks
- RUSSIAN METROCOM UP FOR SALE FOR RUB2BN
The property fund of Russian St. Petersburg region said that telecommunications operator Metrocom will be sold in an auction at a starting price of RUB2bn (USD65m/EUR52m), without disclosing the deadline for the offers.
Status: Auction
- AUSTRIAN S&T CEO CONSIDERS REDUCING STAKE IN COMPANY
Thomas Streimelweger, CEO and founder of Austrian S&T System Integration & Technology Distribution (WBAG:SNT), is said to be considering the divestment of part of his 28% stake in the company.
Status: Auction
- DEUTSCHE BANK TO PUT BHF BANK UP FOR SALE
Deutsche Bank (ETR:DBK) plans to start preparations for the sale of its BHF Bank unit by the end of this month.
Status: Auction
- BROADCOM EXTENDS OFFER FOR UK INNOVISION
US chip maker Broadcom Corporation (NASDAQ:BRCM) said it had prolonged the takeover offer for UK Innovision Research & Technology (LON:INN), a specialist in near-field communication, to 16 July.
Status: Bidding
- BANCO SANTANDER SEEKS ACQUISITIONS IN COLOMBIA, PERU
Spanish banking group Santander (MCE:SAN) is considering potential acquisitions in Colombia and Peru in a move to expand in Latin America.
Status: Bidding
- ROSTELECOM LIKELY TO SELL SVYAZINVEST STAKE
Russian telecom group Rostelecom (MCX:RTKM) could shed a 25% plus one share stake in its parent, state-owned telecom holding Svyazinvest, to Vnesheconombank (VEB) or the Depositary Insurance Agency (DIA), following the holding's restructuring.
Status: Speculation
- GE LOOKING TO SELL GARANTI BANK STAKE IN PARTS
General Electric (NYSE:GE) may dispose of its 20.85% in Turkish Garanti Bank (IST:GARAN) in parts after it had failed to attract buyers for the entire stake.
Status: Auction
- HSBC DETERMINED TO GROW IN AFRICA-CEO
UK-based global bank HSBC (LON:HSBA) is set to boost its presence in Africa in line with its strategy to have global coverage, chief executive Michael Geoghegan said.
Status: Bidding
- MLM INFORMATION SERVICES REPORTEDLY TO BE SOLD
US software firm MLM Information Services is up for sale.
Status: Speculation; Auction
- ENEL REPORTEDLY TO SELL MARITSA EAST STAKE TO RUSSIAN INTER RAO
Italian power group Enel (BIT:ENEL) is to offload its 73% stake in Bulgarian Maritsa East 3 thermal power plant to Russian electricity trader Inter RAO (MCX:IRAO) for EUR800m (USD1bn).
Status: Speculation
- DUTCH PENSION FUNDS PGGM, APG TO SELL ALPINVEST PARTNERS
Dutch pension funds PGGM and APG are selling each their 50% stakes in Europe's largest private equity firm Alpinvest Partners.
Status: Speculation; Auction
- AIR PRODUCTS SWEETENS AIRGAS OFFER
Air Products & Chemicals (NYSE:APD) revised up its hostile takeover bid for US industrial gas supplier Airgas (NYSE:ARG) to USD5.3bn (EUR4.2bn).
Status: Bidding
- RUSSIAN FETISOV'S USD350M FUND LOOKING FOR TELECOM BUYS
MDC, an investment company owned by Russian businessman Gleb Fetisov, plans to buy telecoms assets in Russia and other CIS countries through its newly created USD350m (EUR276.4m) fund, MDC's executive Alexei Semyonov said.
Status: Bidding
- BC PARTNERS, SILVER LAKE EYE USD3.1BN DEAL TO BUY US MULTIPLAN
Private equity firms BC Partners and Silver Lake intend to acquire US healthcare services provider Multiplan for USD3.1bn (EUR2.45bn).
Status: Bidding; Speculation
- EU COURT RULES AGAINST PORTUGAL'S VETO RIGHTS AT PT
The European Court of Justice rejected Portugal's request to keep its veto rights at Portugal Telecom (ELI:PTCA), or PT, a decision which may facilitate the bid by Spanish Telefonica (MCE:TEF) for PT's stake in Brazilian mobile operator Vivo (SAO:VIVO3).
Status: Bidding
- UNICAJA, CAJASOL SAY WILL PLACE SEPARATE BIDS FOR CAJASUR
Spanish savings banks Unicaja and Cajasol said their boards of directors decided to place separate bids for struggling peer CajaSur.
Status: Bidding
- HSBC SAID TO MULL OVER BID FOR S AFRICAN NEDBANK
British banking group HSBC Holdings (LON:HSBA) is studying a potential bid for South African lender Nedbank (JNB:NED).
Status: Speculation; Bidding
- PORTUGAL TELECOM SAYS READY TO RESUME TALKS WITH TELEFONICA ON VIVO DEAL
Portugal Telecom (ELI:PTCA), or PT, said in a statement to stock market regulator CMVN that it was willing to resume negotiations with Spanish Telefonica (MCE:TEF) over its bid for Brazilian mobile operator Vivo (SAO:VIVO3).
Status: Bidding; Talks
- SWISS PRIME SITE AUCTIONS JELMOLI'S HOTEL BUSINESS
Property firm Swiss Prime Site (SWF:SPSN), or SPS, has put the Geneva-based hotel business of its subsidiary Jelmoli (SWF:JELN) up for sale.
Status: Auction
- UK PEARSON HOLDS 99.3% OF MELORIO, ANNOUNCES COMPULSORY BID
UK media company Pearson (LON:PSON) said it will launch a compulsory bid for the residual stock of training and assessment services provider Melorio (LON:MLO), after having secured 99.3% of its shares by 6 July.
Status: Bidding
- DUTCH WESSANEN EYES ACQUISITIONS TO BOOST MARKET SHARE
Dutch food group Wessanen (AMS:WES) is exploring potential acquisitions in a move to gain a bigger market share in organic food.
Status: Bidding
- INVESTEC TO STUDY SALE OF RENSBURG FUND MANAGEMENT
British financial group Investec (LON:INVP) said it could offload the fund management business of Rensburg Sheppards (LON:RBG), which it recently acquired, as it has received expressions of interest from potential buyers.
Status: Auction
- DEEPDALE OWNS 81.15% OF PRESTON NORTH END, EXTENDS OFFER
Preston North End (LON:PNE), managing UK football club Preson North End FC, said that Deepdale received acceptance for 187,803 of the company shares by 6 July and owns now 81.15% in the company.
Status: Bidding
- AUSTRIAN UNIQA CONSIDERS DIVESTING ROMANIAN ASTRA STAKE
Austrian insurer Uniqa (WBAG:UQA) considers to sell its 27% stake in Romanian sector company Astra to major shareholder Dan Adamescu.
Status: Auction
- SPANISH CAJA DE CATALUNYA, TARRAGONA Y MANRESA COULD JOIN BUYOUT BID FOR ABERTIS
Spanish savings bank Caja de Catalunya, Tarragona y Manresa may take part in the takeover of infrastructure manager Abertis (MCE:ABE), led by Abertis' main holders.
Status: Bidding
- SWISS FEDERAL RAILWAYS, DEUTSCHE BAHN PLAN CROSSBORDER JV
The Swiss Federal Railways (SBB) and its German peer Deutsche Bahn unveiled plans to establish a joint venture in a move to boost railway transportation between Switzerland and Germany.
Status: Talks
- MUTUA MADRILENA TO SELL 4% IN SPANISH BUILDER SYV
Spanish insurer Mutua Madrilena will sell 4% of its 5% interest in builder Sacyr Vallehermoso (MCE:SYV), or SyV.
Status: Auction
- US WORLDVEST IN LOI TO BUY CHILE INVERSIONES DE MINERALES
US WorldVest (OTC:WOVT), doing business as WorldVest Hurricane Resources, said it had entered into a letter of intent to take over Chile Inversiones de Minerales (CIM), a mineral investor and miner in Chile.
Status: Exclusivity
- US CLIFFS NATURAL RESOURCES HOLDS 52.1% IN SPIDER, EXTENDS OFFER
US miner Cliffs Natural Resources (NYSE:CLF) said it had secured 52.1% in Canadian mineral explorer Spider Resources (CVE:SPQ) under its cash CAD0.19 (USD0.2/EUR0.14) per-share offer and extended its acceptance period until 16 July.
Status: Bidding
- RUSSIAN TVEL TO SELL ITS 51% IN CHEMICAL AND METALLURGICAL PLANT ON 23 AUG FOR RUB475.6M
Russian nuclear fuel company TVEL said it will sell its 51% in the Chemical and Metallurgical Plant (RTB:HMTZP) at an auction on 23 August 2010 for a starting price of RUB475.619m (USD15.3m/EUR12.14m).
Status: Auction
- BOSCH ALLEGEDLY PLANS TO MAKE BID FOR CENTROSOLAR
German industrial group Robert Bosch is reportedly planning to make a takeover bid for solar energy systems maker Centrosolar (ETR:C3O), traders speculated pushing the company's shares up by over 12% to EUR4.99.
Status: Speculation
- PURESPECTRUM IN MERGER TALKS WITH ULTRA-TECH LIGHTING
US lighting technology maker PureSpectrum (OTCBB:PSRU) and New Jersey-based sector player Ultra-Tech Lighting announced on they were in talks over a potential combination of the two companies.
Status: Talks; Exclusivity
- ABERTIS BUYOUT TO REPORTEDLY COST EUR10BN
A possible takeover of Spanish infrastructure manager Abertis (MCE:ABE) by its core owners, Criteria CaixaCorp (MCE:CRI) and builder ACS (MCE:ACS), may need EUR10bn (USD12.6bn) in financing.
Status: Talks
- GERMANY TO START HYPO REAL PRIVATISATION IN 2013-14
Germany will kick off the privatisation of property lender Hypo Real Estate Bank (HRE) in 2013 or 2014.
Status: Auction
- RAIFFEISEN CAPITAL MANAGEMENT SAID INTERESTED IN SIEMENS' INNOVEST
Raiffeisen Capital Management (RCM) is said to be interested in the takeover of Innovest, the asset management subsidiary of Siemens Austria, part of German Siemens AG (ETR:SIE).
Status: Bidding
- PARTYGAMING SEEKS ACQUISITION DEALS - CEO
UK online gaming company PartyGaming (LON:PRTY) is looking for takeover opportunities as it wants to play an active role in the consolidation of the sector, chief executive Jim Ryan said.
Status: Talks; Bidding
- UNIT4 MANAGES TO WOO TETA SHAREHOLDERS WITH RAISED BID
Dutch software firm Unit4 (AMS:U4AGR) said over 90% of the shares in Polish sector firm Teta SA (WAR:TET) had been tendered under Unit4's sweetened takeover bid of PLN14 (USD4.26/EUR3.4) apiece.
Status: Bidding
- UK SPICE SAYS REVISED APPROACH BY CINVEN STILL TOO LOW
The board of UK utility services provider Spice (LON:SPI) said the new higher conditional proposal of between GBP0.62 (USD0.94/EUR0.75) and GBP0.65 per share received from investor Cinven still undervalues the company.
Status: Bidding
- PUBLICIS CEO SAYS SEEKS ACQUISITIONS IN DIGITAL AD SECTOR
French advertising group Publicis (EPA:PUB) is eyeing acquisitions in the digital advertising sector, the company's chief executive, Maurice Levy said.
Status: Bidding
- IT HOLDING EXTENDS DEADLINE FOR BIDS FOR FERRE UNTIL 2 AUG
The administrators of Italian luxury goods group IT Holding (BIT:ITH) said they have extended the deadline for collecting bids for IT Holding's fashion house Gianfranco Ferre until 2 August.
Status: Auction
- CARREFOUR SAID TO SELL ASIAN UNITS
French retailer Carrefour (EPA:CA) has put up for sale its units in Malaysia, Singapore and Thailand.
Status: Speculation; Auction
- TPG, GOLDMAN SACHS NEGOTIATE ONTEX BUYOUT
US private equity firm TPG and the private equity arm of investment bank Goldman Sachs (NYSE:GS) are in talks to acquire Belgium-based diaper maker Ontex from UK investment firm Candover (LON:CDI) for over EUR1.2bn (USD1.5bn).
Status: Talks
- RUSSIAN VTB IN TALKS TO BUY TRANSCREDITBANK
Russian lender VTB (MCX:VTBR) is negotiating to buy local competitor TransCreditBank (MCX:TCBN), the banking arm of state-run railway monopoly Russian Railways.
Status: Talks
- CAIXANOVA TO SHED HOLDING IN BANCO GALLEGO
Spain-based savings bank Caixanova will be forced to offload its 50% stake in local Banco Gallego following its merger with peer Caixa Galicia.
Status: Auction
- US ENDO PHARMA SECURES 93% IN HEALTHTRONICS
US Endo Pharmaceuticals (NASDAQ:ENDP) said it had completed its takeover offer for local urology company HealthTronics Inc (NASDAQ:HTRN) securing 93.38% in the company's stock by the expiry of the initial deadline.
Status: Bidding
- UK NCC GROUP WANTS TO MAKE FURTHER BUYS IN THE US, UK
UK IT assurance services provider NCC Group (LON:NCC) is looking to make more buys in the US and the UK in the next 12 months.
Status: Bidding
- LA CAIXA, ACS LOOKING TO TAKE FULL CONTROL OF ABERTIS
Spanish bank La Caixa and builder ACS (MCE:ACS), holding together nearly 55% of infrastructure manager Abertis (MCE:ABE), are working on a deal to take the residual Abertis stock.
Status: Talks
((Comments on this story may be sent to [email protected]))
Big Lake embezzling case draws a 5-year term: Chad W. Jurgens’ sentence also requires him to pay $6.3 million in restitution to various companies. [Star Tribune, Minneapolis]
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