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M&A Navigator: Deal pipeline - 9 Feb 2010
(M&A Navigator Via Acquire Media NewsEdge) The following is a list a of deals covered in detail by M&A Navigator this week:
- ALFA, TELENOR CLOSER TO MERGING VIMPELCOM, KYIVSTAR
The board of Russian telecommunications company Vimpelcom (RTD:VIMP) has recommended that shareholders exchange their stock for Vimplecom Ltd (NYSE:VIP) depositary shares, following which Vimpelcom Ltd will buy all the shares of Ukrainian mobile operator Kyivstar.
Status: Agreed
- UK TRINITY MIRROR TAKES OVER GUARDIAN'S GMG REGIONAL MEDIA
UK newspaper publisher Trinity Mirror (LON:TNI) has agreed to buy GMG Regional Media from UK publisher Guardian Media Group for GBP44.8m (USD70m/EUR51m) in a drive to expand its portfolio and market reach.
Status: Agreed
- FRENCH ALTEN TAKES STAKE IN ENGINEERING CO PHOEBE INGENICA
French technology consultant and engineering services provider Alten (EPA:ATE) had bought a stake in industrial engineering company Phoebe Ingenica, to get access to larger customers.
Status: Speculation
- ALFA/TELIASONERA JV DEAL STUMBLES OVER RUSSIA'S APPROVAL
A deal between Russia's Alfa Group and Sweden's TeliaSonera (STO:TLSN) to tie up their stakes in Russian mobile operator Megafon and Turkey's Turkcell (IST:TCELL) is faced with obstacles in getting clearance from Russia.
Status: Agreed
- GERMAN SEARCHMETRICS SELLS STAKE TO NEUHAUS PARTNERS
German Searchmetrics, a search engine software specialist, announced that Hamburg-based venture capital firm Neuhaus Partners has bought a stake in the company for an undisclosed sum, providing Searchmetrics with the needed funds to expand internationally.
Status: Closed
- SPAIN'S GRUPO LAR DISPOSES OF 20% OF POLAREA PROJECT IN MEXICO
Spanish property developer Grupo Lar said it had sold 20% of Polarea, its major project in Mexico, to Mexican industrial conglomerate Grupo Carso (MXK:GCARSOA1).
Status: Closed
- ITALY'S COSMO HAS 94.773% OF BIOXELL, TO BUY REMAINING STOCK BY 26 FEB
Italy-based drug maker Cosmo Pharmaceuticals (SWF:COPN) announced it has 94.773% of all shares of peer Bioxell (SWF:BXLN), after the acceptance period on its offer expired on 8 February.
Status: Bidding
- EU GIVES NOD TO BNP'S ACQUISITION OF DEXIA EPARGNE PENSION
The European Union's competition watchdog has given the green light to French bank BNP Paribas (EPA:BNP) to take over Dexia Epargne Pension, the life insurance unit of Belgium-based banking group Dexia (EBR:DEXB).
Status: Agreed
- GERMAN ENBW EYES BUY OF STEAG
German utility Energie Baden-Wuerttemberg (ETR:EBK), or EnBW, is interested in buying sector company Steag, now part of industrial group Evonik Industries.
Status: Bidding
- EBRD TO UNLOAD ITS 15% IN SWEDBANK RUSSIA
The European Bank for Reconstruction and Development (EBRD) has reached an agreement to offload its stake of 15% in OAO Swedbank Russia.
Status: Agreed
- US EXAR TO BUY NETERION
US semiconductor company Exar (NASDAQ:EXAR) has agreed to acquire privately held Neterion, a provider of adapters for servers and storage systems.
Status: Agreed
- PROSPERITY BANK TO BUY FIRST BANK BRANCHES IN TEXAS
US financial holding company Prosperity Bancshares (NASDAQ:PRSP) has signed an agreement to buy the 19 Texas branches, as well as other assets of Missouri-based First Bank.
Status: Agreed
- PORTUGUESE BES MAY ACQUIRE 100% OF UK EXECUTION NOBLE
BESI, the investment arm of Portuguese bank Banco Espirito Santo (ELI:BES), may acquire 100% of the share capital of UK investment bank Execution Noble.
Status: Talks
- ENBW CONSIDERS SALE OF SHAREHOLDING IN AUSTRIAN EVN
German utility Energie Baden-Wuerttemberg (ETR:EBK), or EnBW, is mulling over the sale of its 36% stake in Austrian sector player EVN (WBAG:EVN).
Status: Auction
- RAMBLER MEDIA'S MINORITY SHAREHOLDERS AGREE TO SELL TO PROFMEDIA
Minority holders of Russian Internet provider Rambler Media (PINK:RBMLF) have agreed to sell their stakes to media and entertainment group ProfMedia for USD6 (EUR4.4) per share.
Status: Agreed
- SPANSH SOS EYES SALE OF RICE OPS IN SPAIN, USA, NETHERLANDS
Spanish food group SOS Corporacion Alimentaria (MCE:SOS) has decided to offload its rice operations in Spain, the USA and the Netherlands in a move to cope with its financial difficulties.
Status: Auction
- EU CLEARS BBC, ALL3MEDIA JV DEAL
The European Commission (EC) has given the go-ahead to BBC Worldwide, the commercial arm of the British Broadcasting Corporation (BBC), and All3Media Deutschland GmbH, owned by private equity firm Permira, to form a joint venture, Tower Productions GmbH.
Status: Agreed
- UK ALLIANCE PHARMA AGREES TO BUY CAMBRIDGE LABORATORIES
UK specialty drug manufacturer Alliance Pharma (LON:APHA) has entered conditional agreement to buy the bulk of Cambridge Laboratories for between GBP14.3m (USD22.4m/EUR16.3m) and GBP16.4m.
Status: Agreed
- FRENCH FAURECIA GETS SHAREHOLDER NOD TO BUY US EMCON TECHNOLOGIES
French car parts supplier Faurecia (EPA:EO) has received approval from its shareholders to buy US-based exhaust emission control technologies firm Emcon Technologies for EUR330m (USD453m).
Status: Agreed
- GERMAN E.ON NEARS SALE OF DATA PROCESSING UNIT
German utility E.on AG (ETR:EOAN) plans to soon dispose of parts of its data processing business, E.on IS.
Status: Auction
- INDIAN AMBANI'S RELIANCE SAYS NO BID FOR LIVERPOOL FC
Indian businessman Mukesh Ambani has denied a report by The Times of London saying that he was bidding for a stake in the Liverpool football club.
Status: Denied
- SLOVENIAN FOOD RETAILER MERCATOR GETS EIGHT BIDS FOR STAKE
Slovenian food retailer Mercator (LJE:MELR) has received eight non-binding offers for the 36.35% stake up for sale.
Status: Bidding
- CORRECTED - LEBEDEV IN TALKS TO BUY THE INDEPENDENT
Russian tycoon Alexander Lebedev, the owner of The Evening Standard, is negotiating with Dublin-based publisher Independent News & Media (ISE:IPD) to acquire struggling British papers The Independent and The Independent on Sunday.
Status: Talks; Speculation
- JAPAN'S AMANO TO TAKE OVER US TIME-MANAGEMENT TOOLS MAKER
Japanese workforce management systems developer Amano Corp (TYO:6436) has agreed to buy US sector player Accu-Time Systems for USD21m (EUR15.3m) in a move to strengthen its sales network in the US.
Status: Agreed
- US KEYON WRAPS UP AFFINITY ACQUISITION
US wireless broadband provider KeyOn Communications Holdings (OTC:KEYO) has completed the purchase of all assets of Affinity Wireless Services for an undisclosed price.
Status: Closed
- US WINDSTREAM WRAPS UP NUVOX TAKEOVER
US phone and Internet services company Windstream (NASDAQ:WIN) announced the completion of the acquisition of privately held phone company NuVox for USD647m (EUR472.3m).
Status: Closed
- FRENCH SAINT GOBAIN BUYS OUT SOLARWOOD
French building materials and packaging maker Saint-Gobain (EPA:SGO) has acquired 70% in solar panel producer Solarwood Technologies for an undisclosed sum and thus has gained full control of the company.
Status: Closed
- US ABBOTT TO GET EC CLEARANCE ON THUR TO BUY SOLVAY'S UNIT
The European Union (EU) is expected to clear with conditions on Thursday US drugmaker Abbott Laboratories' (NYSE:ABT) takeover of the drugs unit of Belgian sector company Solvay (EBR:SOLB), after Abbott proposed remedies to ease competition worries.
Status: Exclusivity
- CALICO ENERGY, INVALUABLE TECHNOLOGIES CLOSE MERGER
US companies Calico Energy Services and Invaluable Technologies said they have finalised their previously announced merger.
Status: Closed
- IMS HEALTH SHAREHOLDERS OKEY TAKEOVER BY TPG CAPITAL, CPPIB
US healthcare data provider IMS Health's (NYSE:RX) shareholders have approved the company's acquisition by private equity firm TPG Capital and Canada Pension Plan Investment Board, or CPPIB, for USD5.2bn (EUR3.8bn).
Status: Agreed
- JAPAN'S KDDI TO BUY TWO US MOBILE OPERATORS SERVING IMMIGRANTS
Japanese telecomms group KDDI Corp (TYO:9433) said it would acquire two US mobile operators targeting immigrants for about JPY3.7bn (USD41m/EUR30m) in an effort to enter the fast-growing market for such services.
Status: Agreed
- GREEN MOUNTAIN EXTENDS BID FOR DIEDRICH UNTIL 8 MAR
US coffee roaster Green Mountain (NASDAQ:GMCR) has again extended its USD35 per share cash tender offer for peer Diedrich Coffee (NASDAQ:DDRX) until 8 March.
Status: Bidding
- US LHC TO ACQUIRE HUTCHESON HOME HEALTH
US home healthcare service provider LHC Group (NASDAQ:LHCG) has inked a deal to acquire sector player Hutcheson Home Health.
Status: Agreed
- RUSSIAN SOLLERS MAY SET UP JV WITH ITALIAN FIAT
Russian car maker Sollers (MCX:SVAV) may announce this week a joint venture deal with Italian sector player Fiat (BIT:F).
Status: Speculation
- SWEDISH A-COM TO BUY OUT BRAND SUPPORT
Swedish market communications group A-Com (STO:ACOM) has agreed to buy the outstanding 50% in its subsidiary Brand Support.
Status: Agreed
- GERMAN GRAPHIT KROPFMUEHL INKS JV DEAL IN BRAZIL
German graphite miner and processor Graphit Kropfmuehl (ETR:GKR) has struck a joint venture deal with Brazilian mining group Extrativa/Grafite do Brasil and local graphite supplier REP Minerals.
Status: Agreed
- FRENCH XL AIRWAYS ACQUIRES ITALOWCOST
Air carrier XL Airways France announced an agreement to buy a controlling stake of 75% in tour operator Italowcost.
Status: Closed
- US ENGLE BUYS UNITED SERVICES ADMINISTRATORS
US insurance adjusting and claims management firm Engle Martin & Associates has bought United Services Administrators (USA) for an undisclosed price.
Status: Closed
- KOOR BOOSTS HOLDING IN CREDIT SUISSE TO ALMOST 3%
Israel's holding company Koor Industries (TLV:KOR) has increased its shareholding in Credit Suisse (VTX:CSGN) to 2.98% from 2.78% after paying ILS6.42bn (USD1.7bn/EUR1.3bn) for 35.39 million shares.
Status: Closed
- FRENCH AREVA TO TAKE OVER US SOLAR CO AUSRA
French nuclear group Areva (EPA:CEI) announced it was buying 100% of US-based Ausra, a provider of large-scale concentrated solar power (CSP) solutions for power generation and industrial steam production, in an effort to become the global leader in CSP.
Status: Agreed
- SYNOPSYS INKS DEAL TO BUY COWARE
US software company Synopsys (NASDAQ:SNPS) has agreed to buy home sector firm CoWare.
Status: Agreed
- DUTCH SPYKER GETS MORE FUNDING TO BUY SAAB
Dutch sports car maker Spyker Cars (AMS:SPYKR) has signed a convertible loan agreement for USD25m (EUR18.2m) to fund the announced acquisition of Swedish Saab Automobile.
Status: Agreed
- BSKYB DISPOSES OF 10.4% OF ITV
UK satellite TV operator British Sky Broadcasting Group (LON:BSY), or BSkyB, announced it was selling 10.4% of broadcaster ITV (LON:ITV), to put an end to the legal battle over its investment in ITV.
Status: Auction
- DUTCH TNT TO BUY HOME LOGISTICS FIRM
Dutch mail and express deliveries group TNT (AMS:TNT) announced an agreement to acquire home logistics company TopPak, without providing financial details.
Status: Agreed
- DUTCH AHOLD BUYS UKROP'S STORES IN USA
Dutch retailer Ahold (AMS:AH) said it has completed the acquisition of 25 stores in USA from family-owned Ukrop's Super Markets for USD140m (EUR102.2m).
Status: Closed
- LLOYDS MOOTS INTEGRATED FINANCE UNIT SALE
Lloyds Banking Group (LON:LLOY) is negotiating the sale of a majority stake in its Integrated Finance unit with private- equity firms.
Status: Talks
- GDF SUEZ MAY SWEETEN OFFER FOR UK INTL POWER
French gas and electricity supplier GDF Suez (EPA:GSZ) is considering an imporved offer for UK utility International Power (LON:IPR).
Status: Bidding
- UK HALFORDS MULLS OVER BID FOR HOBBYCRAFT
UK retailer of car parts and accessories Halfords Group (LON:HFD) is looking to make a takeover offer for home arts and crafts retailer Hobbycraft.
Status: Speculation
- US WARNER MUSIC EYES UK'S EMI GROUP
US music content company Warner Music (NYSE:WMG) is working to re-open merger negotiations with UK record group EMI.
Status: Speculation
- HARDINGE GETS UNSOLICITED BID FROM INDUSTRIAS ROMI
US machine tools manufacturer and distributor Hardinge (Nasdaq:HDNG) said Brazil-based sector player Industrias Romi (SAO:ROMI3) has made an unsolicited bid to buy the company at a price of USD8 (EUR5.87) per share.
Status: Bidding
- SPANISH SANTANDER CONSIDERS SALE OF MINORITY IN UK UNIT
Spain's banking group Santander (MCE:SAN) is contemplating a potential sale of a minority interest in its UK fast growing arm.
Status: Speculation
- ROBBINS UMEDA STARTS INVESTIGATION OF AIRGAS PURCHASE BY AIR PRODUCTS
US law firm Robbins Umeda said it has started an investigation, in connection with the hostile offer of US industrial gas supplier Air Products and Chemicals (NYSE:APD) to buy sector player Airgas (NYSE:ARG) for USD60 (EUR44.01) apiece.
Status: Bidding
- POLAND CONFIRMS PLN15.50-17.50 P/S FOR SALE OF ENEA STAKE
Polish treasury ministry on Monday confirmed that it had decided on a price range of PLN15.50 (USD5.17/EUR3.78) to PLN17.50 per share for the sale of a 16% stake in power utility Enea (WAR:ENA).
Status: Auction
- ABERTIS, CINTRA EYING TURKISH MOTORWAY
Spanish highway operator Abertis (MCE:ABE) and local sector player Cintra are keen on buying a motorway in Turkey which will be put up for sale by the government in April.
Status: Speculation
- US LIONSGATE PREPARING BID FOR MIRAMAX
Lionsgate, a unit of Holywood studio Lions Gate Entertainment (NYSE:LGF), is planning to submit a bid for Miramax, the film division of Walt Disney (NYSE:DIS).
Status: Speculation
- DISNEY-LED GROUP SEEKS TO BUY INTO CHINESE DIGITAL MEDIA & AD CO
A consortium led by US entertainment giant Walt Disney (NYSE:DIS) and including Internet search engine Google (NASDAQ:GOOG) is negotiating to acquire a stake in Chinese digital media and advertising firm Bus Online.
Status: Speculation; Talks
- BAYER PLANS TO EXPAND HEALTHCARE OPS VIA ACQUISITIONS
German drugs and chemicals group Bayer (ETR:BAYN) will expand its healthcare operations via acquisitions among other things.
Status: Bidding
- EC APPROVES DEXIA'S RESTRUCTURING PLAN
The European Commission (EC) approved the restructuring plan of Franco-Belgian Dexia (EBR:DEXB), under which the bank will sell part of its operations.
Status: Auction
- SWEDISH CATENA IN TALKS TO OFFLOAD NORWEGIAN PROPERTIES
Swedish real estate company Catena (STO:CATE) said it has launched talks with an unnamed Norwegian sector player to sell its four properties in the Oslo region.
Status: Talks
- FRANCE TELEVISIONS EXPECTS TO CLOSE SALE OF AD UNIT IN Q2
French state-run TV broadcaster France Televisions expects to complete the sale of its advertising unit France Televisions Publicite (FTP) in the second quarter of 2010.
Status: Exclusivity
- BRAZIL'S CHAMPALIMAUD SEEKS BANK LOAN TO BUY 10% OF PORTUGUESE CIMPOR Brazilian businessman Luis Champalimaud is seeking a banking loan to finance the purchase of a 10% stake in Portuguese cement producer Cimpor (ELI:CPR).
Status: Speculation
- RUSSIAN RETAILER VIKTORIA MAY SELL STAKE TO INVESTOR
Russian top retailer Viktoria is contemplating a plan to raise funds for development through the sale of a stake to a portfolio investor, rather than an initial public offering (IPO).
Status: Auction
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