Smarter Utility

 

TMCNet: M&A Navigator: Deal pipeline - 8 Mar

[March 09, 2010]

M&A Navigator: Deal pipeline - 8 Mar

(M&A Navigator Via Acquire Media NewsEdge) The following is a list a of deals covered in detail by M&A Navigator this week: - AIG EXPECTED TO ANNOUNCE USD15.5BN SALE OF ALICO TO METLIFE US insurer AIG (NYSE:AIG) is expected to announce a USD-15.5-billion (EUR11.3bn) deal to sell its foreign life insurance unit to sector player MetLife (NYSE:MET).


Status: Agreed; Speculation - LA JOLLA PHARMACEUTICAL CANCELS TIE-UP WITH ADAMIS US biopharmaceutical company La Jolla Pharmaceutical Company (OTC:LJPC) said it has agreed with specialty pharmaceutical group Adamis Pharmaceuticals Corp (OTC:ADMP) to cancel their proposed merger deal.

Status: Terminated - BELGIAN NPM/CNP TO OFFLOAD ICE CREAM UNIT Belgian holding company NPM/CNP will put up for sale its unit Belgian Icecream Group (BIG).

Status: Auction - HBOS INTEGRATED FINANCE MAY BE SOLD THIS WEEK TO COLLER CAPITAL Global private equity firm Coller Capital is leading the race for HBOS Integrated Finance, the last investment asset of UK bank HBOS, and a deal may be struck this week.

Status: Speculation; Bidding - AFTON CHEMICAL WRAPS UP POLARTECH TAKEOVER US fuel additives maker Afton Chemical Corp said it has closed the acquisition of metalworking additives supplier Polartech for an undisclosed sum.

Status: Closed - CCMP CAPITAL TO ACQUIRE INFOGROUP FOR USD460M US private equity company CCMP Capital has inked a deal to acquire data and marketing service provider Infogroup (NASDAQ:IUSA) for some USD460m (EUR336.4m).

Status: Agreed - UK'S PEEL IN TALKS TO SELL AIRPORTS UNIT TO FUND BID FOR FORTH PORTS UK diversified group Peel wants to sell a stake in its airports unit, Peel Airports, to finance a joint-offer for home ports operator Forth Ports (LON:FPT).

Status: Talks; Bidding - UK REGULATORS INVESTIGATE KRAFT FOODS OVER CADBURY DEAL UK regulators have initiated a probe into misleading statements made by US food group Kraft Foods (NYSE:KFT) in its attempt to buy UK confectioner Cadbury (LON:CBRY).

Status: Agreed - GERMANY'S MERCK EYES FURTHER BUYS - CEO German pharmaceuticals and chemicals company Merck (ETR:MRK) is looking to make further buys after agreeing in February to acquire US life science researcher Millipore (NYSE:MIL).

Status: Bidding - BANK OF SHARJAH, BNP IN TALKS ON PRIVATE BANKING JV UAE's Bank of Sharjah (ABD:BOS) is negotiating to team up with French lender BNP Paribas (EPA:BNP) in a joint venture which would offer private banking services in the Middle East.

Status: Talks - SHELL, PETROCHINA PLACE JOINT BID FOR ARROW ENERGY Royal Dutch Shell (AMS:RDSA, LON:RDSA) and PetroChina (SHA:601857) have made a joint bid, worth at least USD3bn (EUR2.2bn), to buy Australian Arrow Energy (ASX:AOE).

Status: Bidding; Talks - SPANSH MAPFRE BUYS 50% IN CAIXA CATALUNYA INSURANCE UNITS FOR EUR446.8M Spanish insurer Mapfre (MCE:MAP) said it has finalised the purchase of a 50% stake in the insurance units of local savings bank Caixa Catalunya, Ascat Vida and Ascat Seguros Generales, for a total of EUR446.8m (USD611m).

Status: Closed - INDIAN ESSAR SAID TO BUY TRINITY COAL Indian steel maker Essar is in talks to buy US coal producer Trinity Coal from private equity firm Denham Capital for between USD550m (EUR402.2m) and USD600m, seeking to further expand its diversified business.

Status: Talks - ABRY PARTNERS TO BUY RCN FOR USD1.2BN Boston-based private equity firm ABRY Partners said it has agreed to buy home broadband services provider RCN Corp (NASDAQ:RCNI) for some USD1.2bn (EUR877m), including debt.

Status: Agreed - DUTCH VASTNED RETAIL CLOSE TO BUY TWO PROPERTIES IN TURKEY Dutch real-estate firm VastNed Retail (AMS:VASTN) is nearing a deal to buy two retail properties in Turkey.

Status: Talks - DUTCH SCHUITEMA GETS REGULATORY NOD TO BUY SUPER DE BOER STORES Dutch Schuitema (AMS:SCHUI), the operator of the C1000 supermarkets, received approval from local market watchdog NMa to buy 79 Super de Boer stores from retailer Jumbo.

Status: Agreed - UK BIFFA PLANS SALE OF LANDFILL GAS OPS UK waste management company Biffa has intentions to sell its landfill gas operations for a targeted price of some GBP350m (USD530.5m/EUR387.9m).

Status: Auction; Speculation - SANTANDER, BBVA KEEN ON BUYING GE'S 20.8% STAKE IN TURKISH GARANTI Spanish commercial banks Santander (MCE:SAN) and BBVA (MCE:BBVA) are among the bidders for the 20.8% stake of General Electric (NYSE:GE) in Turkish Garanti Bank (IST:GARAN).

Status: Bidding - PRISA TO SELL 50% TO LIBERTY ACQUISITION HOLDINGS FOR USD900M Spanish media group Prisa (MCE:PRS) said it has agreed to sell 50% of its shares to US special purpose company Liberty Acquisition Holdings Corp (AMEX:LIA) for USD900m (EUR659.7m) in cash.

Status: Agreed - DUTCH VALUE8 TO BUY MINORITY IN EVENT ORGANISER Dutch investment firm Value8 (AMS:VALUE) said it has agreed to buy a 20% stake in Monaco-based conference and event organiser Naseba Group (EPA:MLNSB).

Status: Agreed - LSE SHEDS 9% OF TURQUOISE TO THREE BANKS London Stock Exchange (LON:LSE) said it has sold a 9% stake in its Turquoise trading platform to three banks for a combined GBP3m (USD4.5m/EUR3.3m).

Status: Closed - FIDELITY TO DISPOSE OF 2% IN MULTI COMMODITY EXCHANGE OF INDIA Fund manager Fidelity International will offload a 2% stake in commodity bourse Multi Commodity Exchange of India to meet the threshold of 5% for foreign shareholders.

Status: Speculation; Agreed - ENOVOS LUXEMBOURG, AVELAR TO FORM PHOTOVOLTAIC JV Energy group Enovos Luxembourg and Zurich-based Avelar Energy announced they have inked a joint venture deal to develop and operate photovoltaic plants in Italy and France with a total capacity of up to 95 MW.

Status: Agreed - FARKAS PLANS TO BUY CENTERLINE HOLDING US property investor Andrew Farkas is preparing to acquire real estate financial and asset management services provider Centerline Holding Co (OTCBB:CLNH) for USD100m (EUR73.3m).

Status: Agreed; Speculation - FINMECCANICA TO PICK A BUYER FOR MINORITY IN ANSALDO ENERGIA SOON Italian aerospace and defence group Finmeccanica (BIT:FNC) will announce the name of the buyer of a minority stake in Ansaldo Energia in a month and a half at the latest.

Status: Talks - DAIMLER OFFERS FOR SALE 5.34% OF TATA MOTORS FOR USD429M German carmaker Daimler (ETR:DAI) is selling 5.34% in Indian sector company Tata Motors (BOM:500570) at a discount of 4% to 7% to the Monday price.

Status: Auction - SPAIN'S EBRO PULEVA AGREES TO SELL DAIRY UNIT TO FRENCH LACTALIS FOR EUR630M Spanish food group Ebor Puleva (MCE:EVA) announced it had agreed to sell its dairy unit Puleva Foods to French dairy producer Lactalis for EUR630m (USD859.4m).

Status: Agreed - GEOS COMMUNICATIONS BUYS DUO GUO IN CHINA US developer and distributor of mobile applications and services Geos Communications (OTC:GCMI) said it has bought Chinese mobile content retail provider Duo Guo for an undisclosed price.

Status: Closed - MICROCHIP SWEETENS BID FOR SILICON STORAGE TO USD3.05 P/S IN CASH US chip maker Microchip Technology (NASDAQ:MCHP) said it has again improved its bid for smaller competitor Silicon Storage Technology (NASDAQ:SSTI) to USD3.05 (EUR2.24) per share in cash.

Status: Agreed - METLIFE CONFIRMS USD15.5BN DEAL TO BUY AIG'S ALICO US insurer MetLife (NYSE:MET) confirmed it has struck a deal to buy the foreign life insurance unit of AIG (NYSE:AIG), American Life Insurance Co (Alico), for USD15.5bn (EUR11.4bn) in cash and stock.

Status: Agreed - 3M TO TAKE OVER AEROSPACE CO MTI POLYFAB FOR USD24M US diversified technology group 3M (NYSE:MMM) said it has agreed to buy MTI PolyFab, which produces thermal and acoustic insulation for the aerospace industry, for USD24m (EUR17.6m).

Status: Agreed - RICERCA CLOSES MDS EARLY-STAGE OPS ACQUISITION US-based contract research organisation (CRO) Ricerca Biosciences said it has wrapped up the acquisition of the early-stage operations of sector player MDS Pharma Services, a unit of Canadian healthcare group MDS (TSE:MDS), for USD45m (EUR33m).

Status: Closed - SCOTLAND'S RANGERS FC CONFIRMS TAKEOVER OFFER TALKS Scotland's premier league football club the Rangers (LON:RFC) confirmed that its main shareholder Murray International Holdings is in talks to sell its stake in the club and that the discussions may lead to an offer for the entire club.

Status: Talks - UK COVENTRY, STROUD & SWINDON CONFIRM MERGER TALKS The boards of UK building societies Coventry (LON:CVB) and Stroud & Swindon confirmed media reports that they were in merger talks, adding that there was no guarantee at this point that a deal would be sealed.

Status: Talks - ANGLO AMERICAN GETS STRONG INTEREST FOR ZINC OPS UK-based miner Anglo American (LON:AAL) said its zinc operations attracted strong interest, but declined to confirm home rival Vedanta Resources (LON:VED) and Canadian miner HudBay Minerals (TSE:HBM) as the two bidders leading the race.

Status: Bidding - ACTAVIS TO DISPOSE OF BULGARIAN HIGIA Actavis Bulgaria, part of Icelandic generic pharmaceuticals producer Actavis Group, said it will sell its Sofia-based drug distributor Higia to private Bulgarian investor Rositsa Veselinova Velikova.

Status: Agreed - GREECE'S MARFIN INVESTMENT NEGOTIATES SALE OF BAKERY, SNACK OPS Greek investment holding Marfin Investment Group (ATH:MIG) confirmed it was in talks on the sale of its bakery and snack unit with Saudi Arabia's Olayan Group in partnership with Greek businessman Spyros Theodoropoulos.

Status: Talks - BNY MELLON TO TAKE GERMAN BHF ASSET SERVICING FOR EUR253M Global asset manager BNY Mellon announced it had agreed to take over German depotbanking and custody business specialist BHF Asset Servicing from private banks BHF-BANK Aktiengesellschaft and Sal. Oppenheim jr & Cie SCA for EUR253m (USD345m).

Status: Agreed - FRANCE'S BOURBON TAKES FULL CONTROL OF UNIT IN BRAZIL French Bourbon (EPA:GBB), providing maritime transportation and offshore and subsea services, announced it had taken full control of its Brazilian unit Delba Maritima Navegacao.

Status: Closed - GLOBECOMM BUYS CARRIER TO CARRIER TELECOM, EVOCOMM ASSETS US satellite communications solutions provider Globecomm Systems (NASDAQ:GCOM) said it has acquired Dutch satellite services provider Carrier to Carrier Telecom BV (C2C) and assets of Evolution Communication (Evocomm) from Carrier to Carrier Telecomm Holdings (C2C Holdings) for USD15m in cash.

Status: Closed - US H.I.G. CAPITAL BUYS LOCAL MEAT PROCESSING COS AQL, SQM US private equity investment firm H.I.G. Capital, announced that an affiliate has bought local Albertville Quality Foods, or AQL, and Southern Quality Meats, or SQM, specialising in processing of protein-based products, for an undisclosed sum.

Status: Closed - DUTCH ROYAL TEN CATE TO TIE UP UNITS IN EASTERN NETHERLANDS Dutch textile and plastics maker Royal Ten Cate (AMS:KTC) said it will merge its units in the eastern part of the country into a production centre in Nijverdal.

Status: Agreed - DANISH NYKREDIT TO UNLOAD INSURANCE UNIT FOR EUR336M Danish financial services group Nykredit said it has agreed to offload its insurance unit Nykredit Forsikring for DKK2.5bn (USD460m/EUR336m), of which goodwill accounts for some DKK1.5bn.

Status: Agreed - CCI TO SELL REAL ESTATE ASSETS IN BULGARIA TO ISRAEL THEATRES FOR EUR85M Dutch Cinema City International (CCI) (WAR:CCI), which operates multiplex theatres in Central and Eastern Europe, said it will sell all its Bulgarian real estate development and related activities to its major owner Israel Theatres for some EUR85m (USD116.3m).

Status: Agreed - ITALIAN COMPETITION WATCHDOG OKS JV OF IVECO, ACENTRO VEICOLI INDUSTRIALI Italian antitrust authorities cleared the establishment of a 50/50 joint venture by Iveco SpA, the truck-making unit of Fiat Group (BIT:F), and Acentro Veicoli Industriali Spa.

Status: Agreed ((Comments on this story may be sent to tww.feedback@m2.com)) (c) 2010 M2 COMMUNICATIONS

[ Back To Homepage ]