M&A Navigator: Deal pipeline - 31 July.
M2 EQUITYBITES-July 31, 2013-M&A Navigator: Deal pipeline - 31 July(C)2013 M2 COMMUNICATIONS http://www.m2.com
The following is a list of deals covered in detail by M&A Navigator this week:
- J-W ENERGY SHEDS MEASUREMENT ARM TO WHITE DEER ENERGY
US energy services and energy development firm J-W Energy Co said it had sold its unit J-W Measurement Co to White Deer Energy LP II, a fund of private equity firm White Deer Energy, and the target's senior management.
Status: Closed
- MONEYGRAM TO BUY NEXXO'S MONEY TRANSFER KIOSK OPERATIONS
US money transfer company MoneyGram International Inc (NYSE:MGI) has sealed a deal to buy the full-service money transfer kiosk business of Nexxo Financial Corp, the pair announced in separate press releases.
Status: Agreed
- OTE WRAPS UP GLOBUL SALE TO TELENOR
Greek telecom operator Hellenic Telecommunications Organisation SA (FRA:OTE), or OTE, said it had closed the sale of its Bulgarian unit Cosmo Bulgaria Mobile EAD, doing business as Globul, for EUR717m (USD924.7m) on a cash- and debt-free basis to Norway's Telenor ASA (PINK:TELNY).
Status: Closed
- B&C DENIES SPECULATED INTEREST IN ENBW'S EVN STAKE
B&C Industrieholding GmbH is not considering buying German utility EnBW Energie Baden Wuerttemberg AG's (ETR:EBK) 32.5% stake in Austrian EVN AG (VIE:EVN).
Status: Denied
- CNB SHAREHOLDERS GIVE GO-AHEAD TO ACQUISITION BY STERLING FINANCIAL CORP
US Commerce National Bank (OTCBB:CNBF), or CNB, said its shareholders had cleared the bank's takeover by Sterling Financial Corp (NASDAQ:STSA), the parent of Sterling Savings Bank, for USD42.9m (EUR32.3m) in cash.
Status: Agreed
- UK'S ALDERMORE BANK INTENDS TO EXPAND VIA ACQUISITIONS
UK lender Aldermore Bank Plc intends to make some acquisitions in a drive to accelerate its expansion.
Status: Bidding
- MERZ PHARMA BUYS SWISS DERMATOLOGY SPECIALIST NEOCUTIS
German drug maker Merz Pharma Group said it had acquired the cosmetics, OTC and Rx skin care business of Swiss dermatology firm Neocutis SA for an undisclosed amount.
Status: Closed
- ACKMAN UNVEILS PURCHASE OF 9.8% STAKE IN AIR PRODUCTS
Pershing Square Capital Management LP has built up a 9.8% stake in US industrial-gas producer Air Products and Chemicals Inc (NYSE:APD), valued at some USD2.2bn (EUR1.7bn).
Status: Closed
- CVTECH INKS LOI TO BUY US ELECTRICAL SERVICES PROVIDER
Canadian construction and maintenance services provider CVTech Group Inc (TSE:CVT) said it had signed a letter of intent (LoI) to buy an unnamed US firm that offers electrical services to the utility industry.
Status: Exclusivity
- SPUTNIK TAKES 35% IN US PHARMA CO PALLIATECH
Russian private equity and venture capital firm Sputnik Group has taken a 35% stake in US medical marijuana-based products maker Palliatech Inc for USD10m (EUR7.5m).
Status: Closed
- ENTIGRAL POCKETS USD500,000 IN FIRST TRANCHE OF SERIES A FINANCING
US enterprise software specialist Entigral Systems Inc said it had closed the first tranche of its USD1.2m (EUR903,000) Series A preferred stock funding raising more than USD500,000.
Status: Closed
- BMC SOFTWARE SUITORS PLAN NOTES OFFERING TO HELP FUND BUYOUT
US-based BMC Software Inc (NASDAQ:BMC), which agreed in May to be taken over by a group led by Bain Capital LLC and Golden Gate Private Equity Inc, said that an affiliate of the suitors will sell USD1.38bn (EUR1bn) worth of senior notes to help fund a portion of the planned transaction.
Status: Agreed
- PORTUGAL'S ANTITRUST REGULATOR CLEARS ZON, OPTIMUS TIE-UP
Portugal's antitrust watchdog has given the green light to the planned combination of cable and satellite TV firm Zon Multimedia - Servicos de Telecomunicacoes e Multimedia SGPS SA (ELI:ZON) and Optimus - SGPS SA, part of telecommunications group Sonaecom SGPS SA (ELI:SNC), the pair said.
Status: Agreed
- SWECO WRAPS UP VECTURA TAKEOVER
Swedish engineering consultancy Sweco AB (STO:SWEC-A) said it had completed a SEK927m (USD141.2m/EUR106.3m) deal to buy state-owned peer Vectura Consulting AB.
Status: Closed
- BBVA SAYS MAY LOOK AT BUYING CATALUNYA BANC, NCG BANCO
Spanish lender Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) could consider a potential purchase of bailed-out banks Catalunya...
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