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

May 18, 2012

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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    Latest News

    The Weekly Wrap

    May 18, 2012 – General Electric, KKR, Twitvid and Google each announced acquisitions; check out other recent deals from the past week

    Today’s Transactions:
    Fish-Oil Supplier Sold to Royal DSM for $532.6M

    May 18, 2012 – Royal DSM announces the deal just weeks after it purchased Kensey Nash Corp. for $360M

    Today's Transactions:
    Online Jewelry Retailer Bidz.com to Go Private

    May 18, 2012 – Glendon Group's offer values the Culver City, Calif.-based target at $14.3M; Bidz may solicit alternative bids until June 25

    Today's Transactions:
    El Paso Pipeline to Buy Cheyenne Plains

    May 18, 2012 – El Paso Pipeline will also pick up the remaining stake of Colorado Interstate Gas spending a total of $877 million

    Today’s Transactions:
    Versa Capital Picks Up Four Newspapers

    May 17, 2012 – 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

    Today’s Transactions:
    Thoma Bravo's Plato Learning Closes Archipelago Deal

    May 17, 2012 – The merger arrives about eight months after Plato failed to court Renaissance Learning Inc.

    Berkshire Hathaway Buys Media General Newspapers for $142M

    May 17, 2012 – 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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