M&A Navigator: Deal pipeline - 16 May.
M2 EQUITYBITES-May 16, 2013-M&A Navigator: Deal pipeline - 16 May(C)2013 M2 COMMUNICATIONS http://www.m2.com
The following is a list of deals covered in detail by M&A Navigator this week:
- EMIRATES' DNATA TAKES FULL CONTROL OF ITALIAN JV
UAE airline services company Dnata, part of carrier Emirates Airline, said it had purchased the interest not yet owned in Italian joint venture Servair Airchef Srl from partner Air France-KLM SA (EPA:AF), without disclosing the value of the deal.
Status: Closed
- MCAFEE TO KICK OFF EUR4.50 OFFER FOR STONESOFT ON 21 MAY
US network security products specialist McAfee Inc will launch its planned EUR4.50 (USD5.79) per share bid for all the shares in Finnish sector firm Stonesoft Oyj (HEL:SFT1V) on 21 May, the target said.
Status: Agreed, Bidding
- PITNEY BOWES TO SHED UK, IRISH MANAGEMENT SERVICES BUSINESS
US customer communication technologies provider Pitney Bowes Inc (NYSE:PBI) said it had agreed to sell its management services operations in the UK and Ireland to Swiss Post Solutions (SPS).
Status: Agreed
- ALLCARE MEDICAL, LANDAUER METROPOLITAN AGREE TO JOIN FORCES
US durable medical equipment providers Allcare Medical Inc and Landauer Metropolitan Inc said they had agreed to amalgamate operations.
Status: Agreed
- NEWCASTLE FINALISES NEW RESIDENTIAL UNIT SPIN-OFF
US real estate investor Newcastle Investment Corp (NYSE:NCT) has wrapped up the separation of its unit New Residential Investment Corp, which has started trading on the New York Stock Exchange under the symbol NRZ, the companies said.
Status: Closed
- BRADY DECIDES TO SELL ASIAN DIE-CUT BUSINESS
US-based Brady Corp (NYSE:BRC) said it intends to offload its Asian die-cut operations so that it could focus on its identification solutions and workplace safety activities.
Status: Auction
- BAYER TO BUY HERBAL MEDICINE FIRM STEIGERWALD
German drug and chemicals maker Bayer AG (ETR:BAYN) said it had agreed to take over local herbal medicine maker Steigerwald Arzneimittelwerk GmbH for an unspecified amount.
Status: Agreed
- HGCAPITAL PUTS SCHLEICH SALE ON HOLD - REPORT
UK buyout firm HgCapital Trust Plc (LON:HGT) has pulled its planned sale of German toy figurines maker Schleich GmbH as its price expectations were not met.
Status: Speculation, Auction, Delayed
- INVENSYS TO SPEND GBP600M ON BUYS IN NEXT FOUR YEARS
UK-based technology company Invensys Plc (LON:ISYS) intends to spend a total of GBP600m (USD913m/EUR710m) on acquisitions in the next three to four years, focusing on targets in the software sector.
Status: Bidding
- IRIDEX GETS FINAL CASH PORTION FOR AESTHETIC BUSINESS UNIT OFFLOAD
US ophthalmic lasers provider Iridex Corp (NASDAQ:IRIX) said it had received the final cash amount of USD510,000 (EUR396,000) from the offload of its global aesthetic business, which had been escrowed under the terms of the deal.
Status: Closed
- ATLANTIC COAST PUSHES HOLDERS TO APPROVE TIE-UP WITH BOND STREET
US bank holding company Atlantic Coast Financial Corp (NASDAQ:ACFC), which agreed to merge into Bond Street Holdings Inc in February, urged its stockholders to support the planned tie-up at their meeting on 11 June in order to protect the entire value of their investments.
Status: Agreed
- BASF AGREES TO SELL INDUSTRIAL WATER MANAGEMENT FRANCE TO DEGREMONT
German chemical firm BASF SE (ETR:BAS) said it had inked an accord to divest Industrial Water Management France SAS (IWM) to French water treatment company Degremont, part of environmental services provider Suez Environnement Company SA (EPA:SEV).
Status: Agreed
- TRUEFIT REVEALS GIST DESIGN BUY
US software marketing solutions developer TrueFit said that it had taken over local user experience design firm Gist Design, without saying how much it had paid for it.
Status: Closed
- HARGREAVES BUYS AARDVARK OPERATIONS FOR GBP10.4M
UK solid fuels supplier Hargreaves Services Plc (LON:HSP) said it had bought certain operations of bankrupt surface coal miner Aardvark (TMC) Limited, part of ATH Resources Plc (LON:ATH), for GBP10.4m (USD15.8m/EUR12.3m).
Status: Closed
- PRIMCO MANAGEMENT UNVEILS JV WITH PHOENIX 51
US multimedia entertainment firm Primco Management Inc (OTCBB:PMCM) said that, with its ESMG Music Label, it had closed and financed a music production and distribution joint venture with Phoenix 51.
Status: Closed
- AUSTRIA FINDS NO BUYER FOR KOMMUNALKREDIT
Kommunalkredit Austria AG said that FIMBAG, the state agency charged with selling the lender, had informed it that its privatisation process would not be finalised due to the lack of a suitable buyer.
Status: Terminated
- MAXINGVEST NOT SELLING STAKE IN BEIERSDORF TO P&G - REPORT
Maxingvest AG, the parent of German cosmetic products maker Beiersdorf AG (ETR:BEI), is not talking with The Procter & Gamble Company (NYSE:PG), or P&G, on a sale of a holding in the unit as speculated on the market.
Status: Speculation
- CERBERUS PROLONGS TENDER BID FOR SEIBU
US buyout firm Cerberus Capital Management LP said in a public filing it is extending its stakebuilding offer of JPY1,400 (USD13.65/EUR10.61) a share for Japanese conglomerate Seibu Holdings Inc until 31 May.
Status: Bidding
- ROMANIAN GOVT REBUFFS ALL BIDS FOR CFR MARFA
The Romanian government has turned down all three initial bids for a 51% stake in state-owned rail freight carrier CFR Marfa SA.
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