M and A Navigator: Deal pipeline -11 April.
MANews-(C)2009-2016
The following is a list of deals covered in detail by M and A Navigator this week:
-AUSTRALIA'S 3D MEDICAL CLOSES ACQUISITION OF IMAGE MANAGEMENT SPECIALIST MACH7
Australian medtech firm 3D Medical Ltd. (ASX: 3DM) has closed its acquisition of US-based medical image management solutions provider Mach7 Technologies, the company said.
Under the terms of the agreement, 3DM issued of 459.5m shares (USD 259.75m) to the owners of Mach7 in return for 100% of the Mach7 assets and intellectual property. The merger will provide access via public capital markets for Mach7 while preserving corporate self-determination with regard to mission and product roadmap.
Status: Closed
-ALBANY INTERNATIONAL CLOSES USD 210M ACQUISITION OF HARRIS' ADVANCED COMPOSITES BUSINESS
US-based textiles and materials processing company Albany International Corp. (NYSE: AIN) has closed the acquisition of Harris Corp.'s composite aero-structures division for total consideration of USD 210m, the company said.
The total includes the assumption of a USD 23m capital lease. Harris had acquired the division through its 2015 acquisition of Exelis Inc.
Status: Closed
-GANNETT CLOSES USD 280M ACQUISITION OF JOURNAL MEDIA
US-based media company Gannett Co., Inc.'s (NYSE: GCI) has closed its acquisition of Journal Media Group, Inc. following US antitrust clearance, the companies said.
Last October, Gannett and Journal Media entered into a definitive merger agreement under which Gannett would acquire all of the outstanding common stock of Journal Media Group for approximately USD 280m, net of acquired cash, the companies said.
Status: Closed
-IBM CLOSES USD 2.6BN ACQUISITION OF CLOUD-BASED HEALTHCARE DATA, ANALYTICS PROVIDER TRUVEN
US-based IT company IBM's (NYSE: IBM) Watson Health unit has closed the acquisition of cloud-based healthcare data, analytics and insights provider Truven Health Analytics for USD 2.6bn, the company said.
Truven brings more than 8,500 clients, including US federal and state government agencies, employers, health plans, hospitals, clinicians and life sciences companies to the IBM Watson Health portfolio. With completion of the acquisition, IBM's health cloud will house one of the world's largest collections of health-related data, representing an aggregate of approximately 300 m patient lives acquired from three companies.
Status: Closed
-CENTURY EQUITY PARTNERS TO ACQUIRE MINORITY STAKE IN US INSURANCE BROKERAGE CONNER STRONG AND BUCKELEW
US-based insurance, risk management and employee benefits brokerage and consulting firm Conner Strong and Buckelew has formed a strategic alliance with US private equity firm Century Equity Partners to accelerate the firm's expansion strategy, the company said.
The alliance leverages Conner Strong's service and delivery model with Century's M/A experience and industry relationships to immediately enhance organic growth and targeted acquisition strategies.
Status: Agreed
-US HOTEL OPERATORS MARRIOTT, STARWOOD WIN SHAREHOLDER NODS FOR MERGER
Shareholders of US-based hotel operators Marriott International, Inc. (NASDAQ: MAR) and Starwood Hotels and Resorts Worldwide, Inc. (NYSE: HOT) have approved the comapanies' agreed merger deal at separate meetings, the companies said.
Both companies had renewed their requests for shareholder support follows Starwood's 1 April announcement that a consortium of potential investors, led by Anbang Insurance Group, had withdrawn its alternative proposal to acquire Starwood.
Status: Agreed
-BONA FILM GROUP COMPLETES GOING PRIVATE TRANSACTION
Chinese film distributor and vertically integrated film company Bona Film Group Ltd. (NASDAQ: BONA) has closed a merger with Mountain Tiger International Ltd. and its Mountain Tiger Ltd. subsidiary, the company said.
Under the deal, Mountain Tiger International acquired Bona Film for a cash consideration equal to USD 27.40 per ordinary share of the company or USD 13.70 per American depositary share of the company, on the basis that two American depositary shares shall represent one share. The transaction implies company's enterprise value at approximately USD 1.001bn, based on the total shares issued and outstanding (including shares represented by ADSs) on a fully diluted basis.
Status: Closed
-AFFILIATES OF ANCORA ADVISORS BUY 4NET SOFTWARE
US-based 4Net Software, Inc. (OTC: FNSI) has closed a securities purchase agreement, among the company and Merlin Partners LP, Ancora Catalyst Fund LP, and Steven N. Bronson whereby the company issued and sold to the purchasers an aggregate of 370,440,680 shares of common stock for the aggregate purchase price of USD 5m, the...
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