Data Wrap
Microsoft Corp. is seeking a buyer for its digital marketing unit Avenue A Razorfish, and other deals from the past 24 hours.
June 29, 2009
Target – Acquirer – Description
Care Partners Home Care -- SeniorBridge Family Cos Inc.
Seniorbridge Family Cos Inc. acquired Care Partners Home Care, an Orlando-based provider of health care services."
DGSE Cos Inc. -- Undisclosed Acquiror
DGSE Cos Inc., a Dallas- based wholesaler and retailer of jewelry, diamonds, fine watches and precious metal bullion products and rare coins divested its two pawnshops, to an undisclosed acquiror, for an estimated $1.3 mil in cash."
Undisclosed Nevada Co. -- Dreamweaver Capital Corp.
Dreamweaver Capital Corp. agreed to acquire the entire share capital of an undisclosed Nevada Co, a gold-mining company, Mr. Watson, in exchange for 4.6 mil common shares, valued at USD 0.8 mil, in a reverse takeover transaction. The shares were valued based on Dramweaver's closing stock price of $0.174 on 25 June 2009, the last full trading day prior to the announcement. "
Fiberweb PLC -- Petropar SA
Petropar SA (Petropar), of Brazil agreed to merge its nonwoven fabrics business, with the nonwoven fabrics business of Fiberweb PLC (Fiberweb), a London-based manufacturer and wholesaler of nonwoven fabrics, to form a 50:50 joint venture named FitesaFiberweb. Petropar was to contribute its Fitesa Inc. and Fitesa Brazil subsidiaries while Fiberwebwas to contribute its spunbond and spunmelt facilities, located in Washougal, Washington and Queretaro, Mexico."
Greenfield Online Inc.-Cert Ast -- ToLuna PLC
ToLuna PLC agreed to acquire certain assets of the Internet Survey Solutions division of Greenfield Online Inc., a Wilton-based provider of online marketing research and survey research services, and a unit of Microsoft Corp.'s Crisp Acquisition Corp. subsidiary, for $40 mil in cash."
Hartford Fin Svcs Group Inc. -- US Dept of the Treasury
State-owned United States Department of the Treasury agreed to acquire warrants convertible into a 16.01% stake or 52.094 mil common shares in Hartford Financial Services Group Inc., a Hartford-based investment and insurance company, for $9.79 in cash, in a privately negotiated transaction. The transaction was part of the Treasury Department?s Financial Stability Plan, formerly known as the Troubled Asset Relief Program, under the Emergency Economic Stabilization Act of 2008."
K-Star Solar -- Mercury Solar Systems Inc.
Mercury Solar Systems Inc. acquired K-Star Solar, a Long Island-based manufacturer of solar panels. Terms were not disclosed."
Mesquite Local News -- Sherman Frederick
Sherman Frederick acquired Mesquite Local News, a Mesquite-based publisher of a local newspaper."
Millennium Prime Inc.-Cert Asts -- Genio Group Inc.
Genio Group Inc. (GG) agreed to acquire the certain assets of Millennium Prime Inc., a Miami Beach-based investment management company, in exchange for 9 mil common shares valued at $0.053 in cash per share, or a total value of $0.477 mil, and an unvalued amount of 1 mil series A preferred stock. The shares were based on GG's closing stock price on 26 June 2009, the last full trading day prior to the announcement."
Mirae Bank, Los Angeles, CA -- Wilshire State Bank, CA
Wilshire State Bank, a unit of Wilshire BanCorp. Inc., acquired Los Angeles-based Mirae Bank, a provider of commercial and personal banking services, from United States state-owned Federal Deposit Insurance Corp. {FDIC}."
Mtg Data Mgmt Co-Due Diligence -- Opus Capital Markets
Opus Capital Markets Consultants LLC acquired the due diligence division of Mortgage Data Management Co, a Sussex-based provider of data processing services."
Natl Telecom & Broadband Svcs -- IPtimize Inc.
IPtimize Inc. acquired National Telecom & Broadband Services LLC, a West Palm Beach-based provider of Voice over Internet Protocol services."
Neighborhood Community Bank -- CharterBank, Westpoint,Georgia
CharterBank, Westpoint, Georgia, a unit of First Charter MHC's Charter Financial Corp. subsidiary, agreed to acquire Neighborhood Community Bank, located in Newnan, Georgia." NetVersant Solutions LLC-Avaya Altura Commun Solutions LLC "US - Altura Communications Solutions LLC, a unit of Platinum Equity LLC, acquired the Avaya business unit of NetVersant Solutions Inc., a Houston-based provider of voice, video and data communications services."
Retail Pro Inc. -- Retail Pro International LLC
Retail Pro International LLC acquired the entire share capital of bankrupt Retail Pro Inc., a La Jolla-based developer of retail management software, for USD 0.4 mil in cash."
Undisclosed Oil & Gas Interest -- Avro Energy Inc.
Avro Energy Inc. of the UK was in negotiations to acquire an undisclosed oil and gas interest, an oil and gas exploration and production property."
Zila Inc. -- Tolmar Holding Inc.
Tolmar Holding Inc. definitively agreed to acquire the entire share capital of Zila Inc., a Phoenix-based manufacturer of pharmaceuticals, for $0.38 in cash per share, or a total value of $3.967 mil."
Mohawk Industries Inc.-Plant -- Gold Creek Foods LLC
Gold Creek Foods LLC planned to acquire the Dahlonega plant of Mohawk Industries Inc., a Calhoun- based manufacturer and wholesaler of carpets, rugs and vinyl. Terms were not disclosed."
Avenue A Razorfish -- Seeking Buyer
In June 2009, Aquantive Inc., a unit of Microsoft Corp., announced that it was seeking a buyer for its Avenue A Razorfish unit, an Atlanta-based provider of digital marketing services. Terms were not disclosed but according to an analyst deal was to have an estimated value of $700 mil."
Towers Perrin Forster & Crosby -- Watson Wyatt Worldwide Inc.
Watson Wyatt Worldwide Inc. definitively agreed to merge with Towers Perrin Forster & Crosby Inc., a Stamford-based provider of management and human resource consulting and benefit and vendor administration services."
AIMCO Precision Inc. -- Premier Precision Group
Premier Precision Group acquired AIMCO Precision Inc., a Phoenix-based manufacturer of precision machining products. Terms were not disclosed."
ABGSC Leases,Knox County -- North American Gem Inc.
North American Gem Inc. signed a Letter of Intent {LoI} to acquire the ABGSC leases, located in Knox County, Kentucky, a coal mining property, for $0.1 mil."
Cyber Defense Systems Inc. -- LIGATT Security International LIGATT Security
International (LIGATT) signed a Letter of Intent {LoI} to acquire the entire share capital of Cyber Defense Systems Inc. (Cyber), a Tulsa- based designer, developer and manufacturer of unmanned aerial vehicles, from Proxity Inc., in a stock swap transaction valued at $0. 006 mil. LIGATT offered 5 common shares per Cyber share. Based on LIGATT?s closing stock price of $0.002 on 26 June 2009, the last full trading day prior to the announcement, each Cyber share was valued at $0.01."
DuPont Crop Protection-Linuron -- Tessenderlo Kerley Inc.
Tessenderlo Kerley Inc., a unit of Tessenderlo Chemie NV, acquired the linuron herbicide assets of DuPont Crop Protection, a Wilmington- based manufacturer of herbicides and a unit of Ei du Pont de Nemours & Co. Terms were not disclosed."
EXCO Resources Inc.-Certain -- Encore Acquisition Co.
Encore Acquisition Co (Encore Acquisition) definitively agreed to acquire certain oil and natural gas producing properties, located in the Mid-Continent, of EXCO Resources Inc. (EXCO), a Dallas-based oil and gas exploration and production company, for $210 mil in cash. Concurrently, Encore Acquisition definitively agreed to acquire certain oil and natural gas producing properties, located in East Texas, of EXCO."
EXCO Resources Inc.-Certain -- Encore Acquisition Co.
Encore Acquisition Co (Encore Acquisition) definitively agreed to acquire certain oil and natural gas producing properties, located in East Texas, of EXCO Resources Inc. (EXCO), a Dallas-based oil and gas exploration and production company, for USD 165 mil in cash. Concurrently, Encore Acquisition definitively agreed to acquire certain oil and natural gas producing properties, located in the Mid-Continent, of EXCO."
Encore Acquisition Co-Oil -- Encore Energy Partners LP Encore
Energy Partners LP, a 63.3%-owned unit of Encore Acquisition Co (Encore Acquisition), agreed to acquire oil and natural gas producing properties, located in the Big Horn Basin in Wyoming, the Permian Basin in West Texas and New Mexico, and the Williston Basin in Montana and North Dakota, of Encore Acquisition, a Fort Worth-based oil and gas exploration and production company."
F&S Partners Inc. -- SmithGroup Inc.
SmithGroup Inc. merged with F&S Partners Inc. (F&S), a Dallas-based provider of architectural and interior design services. On completion, F&S was named SmithGroup Inc./F&S."
First Advantage Corp. -- First American Corp.
First American Corp. (American) planned to acquire the remaining 40.9% stake, or 24.442 mil common shares, which it did already own, in First Advantage Corp. (Advantage), a Poway-based provider of risk management solutions services, in a stock swap transaction valued at $343.28 mil. American offered 0.5375 common share per Advantage share. Based on American?s closing stock price of $26.13 on 26 June 2009, the last full trading day prior to the announcement, each Advantage share was valued at $14.045."
Forestar Group Inc.-HBU -- Holland M Ware
Holland M Ware definitively agreed to acquire the HBU timberland of Forestar Group Inc., an Austin- based real estate development firm, for an estimated $39. 5 mil in cash."
Municipal Mtg & Eq LLC-LIHTC -- Jen Partners LLC
Jen Partners LLC agreed to acquire the low Inc.ome housing tax credit business of MMA Financial, a Boston- based provider of real estate financing services, from Municipal Mortgage & Equity LLC, for an estimated $30. 7 mil. The consideration was to consist of an estimated $18.7 mil in cash and the assumption of an estimated $12 mil in liabilities."
Mystery Creek Resources Inc. -- Fire River Gold Corp.
Fire River Gold Corp. of Canada was granted an option to acquire Mystery Resources Inc., Golden-based gold mining company, from Pacific North West Capital Corp., for $3 mil. The consideration was to consist of $0.5 mil and the issuance of $2.5 mil in common shares."
North State Tile Distributors -- Jim McCallister
Jim McCallister acquired North State Tile Distributors, a Charlotte-based wholesaler of ceramic tile, marble, slate and other high end stone products."
PortBlue Corp.-CommandAware Bus -- Concerro Inc.
Concerro Inc. acquired the CommandAware business of PortBlue Corp., a Los Angeles- based developer of knowledge based system software."
Xyvision Enterprise Solutions -- SDL International
SDL International of the UK acquired Xyvision Enterprise Solutions Inc., a Wakefield-based developer of content management and publishing software solutions, from Azul Holdings Inc., a unit of Tudor Trust, for USD 14.7 mil."
LakeWest Group LLC -- Seeking Buyer
In June 2009, bankrupt LakeWest Group LLC, a Cleveland-based provider of management consulting services, announced that it was seeking a buyer for the company."
MEC Pennsylvania Racing Svcs -- Seeking Buyer
In June 2009, Magna Entertainment Corp., a unit of MI Developments Inc., announced that it was seeking a buyer for its MEC Pennsylvania Racing Services Inc. unit, a Coraopolis-based owner and operator of horse racetracks."
Sea Launch Co LLC -- Seeking Buyer
In June 2009, Sea Launch Co LLC, a Long Beach-based provider of heavy lift launch services, announced that it was seeking a buyer for the company."
Data provided by Thomson Reuters
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