Facebook Hysteria Winds Down at $38.26, But Plenty of Powder for Continued M&A.

Facebook's IPO had a rough start on its first day of trading, but it still has the stamina to dominate tech M&A. Small venture-backed company with talented founders will likely be its targets.

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Summary of U.S. merger activity between $10 million and $50 million

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The Weekly Wrap
Penn National Gaming, Bed Bath & Beyond, and Facebook each announced acquisitions; check out other recent deals from last week

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Asset-Based Lenders Add to the Collateral Mix

The asset based lending market is "really no different from the cash flow market," says Sam Philbrick, president of U.S. Bank Asset Based Finance. "There's just not enough activity as we would like to finance," he tells Mergers & Acquisitions editor in chief Mary Kathleen Flynn, in an interview shot at the ACG InterGrowth 2012 conference near Dallas. U.S. Bank competes with institutions two or three times its size, Philbrick says. With that in mind, the company has been attempting to be more creative with its lending practices, as well as strategic in how it approaches clients. For more of M&A's InterGrowth videos, go to www.themiddlemarket.com/video.
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    – General Electric, KKR, Twitvid and Google each announced acquisitions; check out other recent deals from the past week

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    Fish-Oil Supplier Sold to Royal DSM for $532.6M

    – Royal DSM announces the deal just weeks after it purchased Kensey Nash Corp. for $360M

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    – Glendon Group's offer values the Culver City, Calif.-based target at $14.3M; Bidz may solicit alternative bids until June 25

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    Versa Capital Picks Up Four Newspapers

    – Freedom Communications is divesting the Telegraph in Alton, Ill., the Journal-Courier in Jacksonville, Ill., the Sedalia Democrat in Sedalia, Mo. and Lima News in Lima, Ohio

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    Thoma Bravo's Plato Learning Closes Archipelago Deal

    – The merger arrives about eight months after Plato failed to court Renaissance Learning Inc.

    Berkshire Hathaway Buys Media General Newspapers for $142M

    – The deal also includes an eight-year $445M loan, which will be used by Media General to pay off existing bank debt

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    From the Magazine

    Grocers Grow

    – Apollo's Andy Jhawar nurtures Sprouts Farmers Market amid a fertile year for supermarkets

    Creative Financing

    – In a tightened market, lenders help customers find alternative financing

    Raising the Stakes

    – Madison Capital Funding recent partnership with Apollo Investment Corp. underscores the trend toward larger hold sizes in middle-market lending

    3Qs With...

    – Alexander Pietruska, Carlyle Group's head of global financial services in Europe, Middle East and Africa

    Intergrowth Sneak Peak: Anil Makhija

    – Policy makers are constantly hearing from the SBA and large corporations, so Makhija asks the middle market: What do we got?

    Skilled Nursing Facilities Struggle to Heal

    – They continue to serve as proverbial punching bags for state and federal governments, paving the way for distressed M&A and bankruptcy

    While I've Got You...

    – Private equity firms need to create websites that foster engagement and entice sellers

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