Data Wrap
Beckerman Public Relations will acquire Avalanche Strategic Communications, and the other transactions from the past 24 hours.
June 30, 2009
Target – Acquirer – Description
Avalanche Strategic Commun -- Beckerman Public Relations
Beckerman Public Relations (Beckerman) merged with Avalanche Strategic Communications, a Hackensack-based provider of public relations services. On completion, the merged company was to operate under the Beckerman name."
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."
AdL Technology -- LSI Industries Inc.
LSI Industries Inc. agreed to acquire AdL Technology, a Columbus-based manufacturer of custom circuit boards, for an estimated 17 mil. The consideration was to consist of an estimated $13 mil and the assumption of $4 mil in liabilities."
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."
1st Sec Bk of WA-Tacoma Office -- Sound Commun Bk,Seattle,WA
Sound Community Bank, a wholly-owned unit of Sound Financial Inc., agreed to acquire the Tacoma office of 1st Security Bank of Washington, a Lynnwood-based commercial bank."
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." Gabriel Ride Control Prod Inc. -- OpenGate Capital
OpenGate Capital agreed to acquire Gabriel Ride Control Products Inc., a Brentwood-based manufacturer of motor vehicle parts and accessories, from ArvinMeritor Inc., in a leverage buyout transaction."
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."
Ophthalmic Imaging Systems Inc. -- UM Accelmed LP
UM Accelmed LP of Israel agreed to acquire a 43.93% stake or 13.214 mil new common shares in Ophthalmic Imaging Systems Inc., a Sacramento-based manufacturer of imaging systems, for $6 mil, in a privately negotiated transaction."
Plante & Moran PLLC -- Jackson Rolfes Spurgeon & Co
Jackson Rolfes Spurgeon & Co agreed to merge with Plante & Moran PLLC, a Southfield-based provider of accounting and auditing services."
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."
Startech Environmental Corp. -- Friendly LRL Holdings LLC
Friendly LRL Holdings Inc. planned to launch a tender offer to acquire the entire share capital of Startech Environmental Corp., a Wilton-based manufacturer and wholesaler of environmental equipment, for $0.65 in cash per share, or a total value of $15. 424 mil."
Wyle Laboratories Inc. -- Court Square Capital Partners
Court Square Capital Partners acquired Wyle Laboratories Inc., an El Segundo-based provider of engineering services, from Littlejohn Fund II LP, a unit of Littlejohn & Co LLC. Terms were not disclosed."
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."
American Community Newspapers -- American Community Newspapers
American Community Newspapers II LLC acquired American Community Newspapers LLC, a Dallas-based publisher of newspapers, from Courtside Acquisition Corp."
Dial Directions -- Sakhr Software Co.
Sakhr Software Co acquired Dial Directions, a San Francisco-based provider of voice-activated mobile services."
EXCO Resources Inc.-Upstream -- BG Group PLC
BG Group PLC (BG) of the UK agreed to acquire a 50% interest in the upstream assets, located in East Texas and North Louisiana, of EXCO Resources Inc. (EXCO), a Dallas-based oil and gas exploration and production company, for $1.055 bil. Concurrently, BG agreed to acquire a 50% interest in the midstream assets, located in East Texas and North Louisiana, of EXCO."
EXCO Resources Inc.-Midstream -- BG Group PLC
BG Group PLC (BG) of the UK agreed to acquire a 50% interest in the midstream assets, located in East Texas and North Louisiana, of EXCO Resources Inc. (EXCO), a Dallas-based oil and gas exploration and production company, for $249 mil. Concurrently, BG agreed to acquire a 50% interest in the upstream assets, located in East Texas and North Louisiana, of EXCO."
Hyperion Therapeutics Inc. -- Investor Group
An investor group, comprised of Bay City Capital LLC, Panorama Capital Inc., Highland Capital Partners, New Enterprise Associates and Sofinnova Ventures Inc., acquired an undisclosed minority stake in Hyperion Therapeutics Inc., a South San Francisco-based manufacturer and wholesaler of pharmaceutical products, for $60 mil."
Nighthawk Energy PLC-Centurion -- Osceola Hydrocarbons Ltd
Osceola Hydrocarbons Ltd of the UK acquired a 50% interest in the Centurion project, located in Sumner County, Kansas, of Nighthawk Energy PLC, a Bristol-based oil and gas exploration and production company, for $5 mil in cash."
Pyramid Saimira Theatre Ltd-US -- Seeking Buyer
In June 2009, Pyramid Saimira Theatre Ltd of India (Pyramid), a Chennai-based provider of entertainment services, announced that it was seeking a buyer for its US businesses and assets. The transaction was to Inc.lude the assets of its FunAsia and Pyramid Saimira Entertainment America Inc. units, and DesiPages magazine. Concurrently, Pyramid disclosed that it was seeking a buyer for its Malaysian businesses and assets."
Data provided by Thomson Reuters
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