Data Wrap
HDT Engineered Technologies acquired Nordic Air Inc., an air conditioner manufacturer, and other recent transactions.
February 18, 2010
Target – Acquirer – Description
Bizanga Ltd. -- Cloudmark Inc.
Cloudmark Inc. acquired Bizanga Ltd., a San Mateo- based provider of message processing and email security platform services.
ConnectedMedia Tech LLC -- X-Change Corp.
X-Change Corp. merged with ConnectedMedia Technologies LLC, a Miami- based provider of media solutions services, in a stock swap transaction.
Consumer Products Services LLC -- Global Dynamics Corp.
Global Dynamics Corp. (Global) of Israel signed a Letter of Intent to acquire the entire share capital of Consumer Products Services LLC, a Deer Park- based provider of returned product management solutions and services, in exchange for 300 million Global common shares, in a reverse takeover transaction.
dB Control Inc. -- HEICO Electn Tech Corp.
HEICO Electronic Technologies Corp., a unit of HEICO Corp., acquired dB Control Inc., a Fremont-based manufacturer of microwave amplifiers, radar transmitters, high- and low- voltage power supplies, modulators and custom assemblies. Terms were not disclosed.
Duane Reade Inc. -- Walgreen Co.
Walgreen Co. definitively agreed to acquire Duane Reade Inc., a New York-based owner and operator of drug stores, from Oak Hill Capital Partners LP, for $1.075 billion. The consideration was to consist of an estimated $618 million in cash and the assumption of $457 million in liabilities.
Easy Check Med Diagnostics LLC -- PositiveId Corp.
PositiveId Corp., a unit of Digital Angel Corp., acquired Easy Check Medical Diagnostics LLC, a Miami- based manufacturer of non- invasive glucose-level testing products and diabetes management tools.
Figlin & Associates -- Young Adjustment Co. Inc.
Young Adjustment Co. Inc. merged with Figlin & Associates, a Blue Bell-based provider of public insurance adjusting services.
Governor's Point Ret Complex -- Encore Retail LLC
Encore Retail LLC, a unit of Encore Enterprises Inc., acquired Governor's Point Retail Complex, a Cincinnati-based owner and operator of retail complex.
Heart Hospital of Austin -- St. Davids Health Care
St. David's Healthcare Partnership LP definitively agreed to acquire Heart Hospital of Austin, an Austin- based owner and operator of hospitals, from MedCath Corp., for an estimated $83.6 million.
iSB Global Inc. -- Education Acquisitions Corp.
Education Acquisitions Corp. agreed to acquire iSB Global Inc., a Dallas-based manufacturer of speakers.
Mosaic Co. -- Vale SA
Vale SA of Brazil agreed to acquire Mosaic Co., a Plymouth-based manufacturer and wholesaler of phosphate, potash, nitrogen fertilizers, and feed ingredients, and a unit of Cargill Inc. Originally, in July 2009, Mosaic was rumored to be seeking a buyer for the company. Vale SA of Brazil and BHP Billiton of the United Kingdom were named as potential bidder.
Napa Community Bank, Napa,CA -- Rabobank NA, El Centro, CA
Rabobank NA, a unit of Cooperatieve Centrale Raiffeisen-Boerenleenbank BA {Rabobank}, planned to acquire Napa Community Bank, for an estimated $25 million in cash.
Nordic Air Inc. -- HDT Engineered Technologies
HDT Engineered Technologies acquired Nordic Air Inc., a Geneva-based manufacturer of air conditioning equipment. Terms were not disclosed.
Oasis Project, Nevada -- Centerra (US) Inc.
Centerra (US) Inc., a unit of Cameco Corp's subsidiary Centerra Gold Inc. agreed to acquire 75% interest in Oasis Project, Nevada, a unit of Redstar Gold Corp., for $4.2 million.
Portec Rail Products Inc. -- Foster Thomas Co.
Foster Thomas Co., a wholly-owned subsidiary of LB Foster Co., agreed to acquire the entire share capital of Portec Rail Products Inc. (Portec), a Pittsburgh-based manufacturer and wholesaler of railroad products, via a tender offer for $11.71 in cash per share, or a total value of $112.728 million. The offer was conditioned upon at least 65% of Portec's shares being tendered.
Premier Packaging Corp. -- Document Security Systems Inc.
Document Security Systems Inc. acquired Premier Packaging Corp., a Victor- based manufacturer of paperboard packaging products.
RentGrow Inc. -- Yardi Systems Inc.
Yardi Systems acquired RentGrow Inc., a Waltham-based developer of online resident screening software.
RedTide Defense Group Inc. -- Vought Defense Systems Corp.
Vought Defense Systems Corp. acquired the entire share capital of RedTide Defense Group Inc., a Dunedin- based manufacturer of Unmanned Air Vehicle (UAV). Terms of the deal were not disclosed.
Tangent Rail Corp. -- Stella-Jones Inc.
Stella-Jones Inc. of Canada signed a Letter of Intent to acquire Tangent Rail Corp., a Pittsburgh-based manufacturer of wood crosstie products, from PNC Equity Partners, for an estimated $165 million.
TransTech Consulting Inc. -- Blue Horseshoe
Blue Horseshoe acquired TransTech Consulting Inc., a Columbus-based provider of software consulting services.
Waianae Mall -- TNP Strategic Retail Trust Inc.
TNP Strategic Retail Trust Inc. planned to acquire Waianae Mall, a Waianae-based retail center for $25.7 million in cash.
Open Box Technologies Inc. -- Seeking Buyer
In February 2010, Open Box Technologies Inc., a Troy- based developer online digital media software, announced that it was seeking a buyer for the company.
Data provided by Thomson Reuters
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