Data Wrap
Kelso's DS Waters of America buys the Athena bottled-water brand, plus other deals from the past 24 hours.
July 26, 2010
Target / Acquiror
Synopsis
AmeriCredit Corp / General Motors Co
US - General Motors Co, a unit of state-owned United States Department of the Treasury's Vehicle Acquisitions Holdings LLC subsidiary, definitively agreed to acquire the entire share capital of AmeriCredit Corp, a Fort Worth-based provider of automotive financing services, from Leucadia National Corp (25. 02%), Fairholme Capital Management LLC (24.24%), Columbia Wanger Asset Management LP (7.5%), and other undisclosed shareholders, for USD 24.5 in cash per share, or a total value of USD 3.314 bil.
Athena Partners Org-Asts / DS Waters of America Inc
US - DS Waters of America Inc, a wholly-owned unit of Kelso & Co, acquired the Athena bottled water brand and other assets of Athena Partners Organization, a Seattle-based provider of research and development services.
Bentley Oil & Gas Corp / JP Energy Partners LP
US - JP Energy Partners LP acquired bankrupt Bentley Oil & Gas Corp, a San Antonio- based oil and gas exploration and production company, in a leveraged buyout transaction. The transaction included Sonterra Energy Corp.
Bluelinx Holdings Inc / Cerberus Capital Management LP
US - Cerberus Capital Management LP planned to acquire the remaining 44.61% stake, or 14.577 mil common shares, which it did not already own, in Bluelinx Holdings Inc, an Atlanta- based wholesaler of building products, via a tender offer for USD 3.4 in cash per share, or a total value of USD 49. 562 mil.
E-Views Safety Systems Inc / EGPI Firecreek Inc
US - EGPI Firecreek Inc definitively agreed to acquire E-Views Safety Systems Inc, a Agoura Hills- based provider of traffic control services.
Emerson Process-iTrax Asset / BSM Technologies Inc
US - BSM Technologies Inc of Canada agreed to acquire the iTrax fixed asset monitoring business of Emerson Process Management, a Chanhassen- based provide of process automation services and a unit of Emerson Electric Co.
First National Bank, Savannah / Savannah Bank NA
US - Savannah Bank NA acquired the certain assets of First National Bank, Savannah, a Savanah-based commercial bank.
Gorman & Gorman Home Loans / F&M Bank & Trust Co
US - F&M Bank and Trust Co agreed to merge with Gorman and Gorman Home Loans, a St. Louis-based provider of mortgage banking services.
GovernanceMetrics Intl / The Corporate Library
US - GovernanceMetrics International LLC merged with The Corporate Library, a Portland-based provider of corporate governance research and analysis service. Terms were not disclosed.
Life Protection Inc / GreenHouse Holdings Inc
US - Greenhouse Holdings Inc (Greenhouse) definitively agreed to acquire the entire share capital of Life Protection Inc, a Grifton- based provider of facility construction services, in exchange for 1.119 mil Greenhouse common shares valued at USD 4.453 mil. The shares were valued based on Greenhouse's closing stock price of USD 3.98 on 21 July 2010, the last full trading day prior to the announcement.
Luxury Multifamily Communities / Investor Group
US - An investor group, comprised of Harvard Multifamily REIT I Inc and PGGM Private Real Estate Fund of the Netherlands, through its joint venture company acquired two luxury multifamily communities, comprised of Briar Forest Lofts and Fitzhugh Urban flats, located in Texas.
Millrock-Monte Crisco,St.Eugen / Brixton Metals Corp
US - Brixton Metals Corp (Brixton) was granted an option to acquire the Monte Cristo and St. Eugene properties, located in Kahiltna region, Alaska, from Millrock Resources Inc, a Vancouver-based metal mining company, for USD 5.35m mil. The consideration was to consist of USD 5.35 mil and undisclosed Brixton stock and warrants.
Three Bridge Wealth Advisors / HighTower Advisors LLC
US - HighTower Advisors LLC acquired Three Bridge Wealth Advisors, a Menlo Park-based provider of financial services.
Picis Inc / Ingenix Inc
US - Ingenix Inc, a unit of UnitedHealth Group Inc, definitively agreed to merge with Picis Inc, a Wakefield- based provider of healthcare information technology services.
Quicksilver Gas Services LP / Crestwood Midstream Partners
US - Crestwood Midstream Partners II LLC definitively agreed to acquire a 33.53% stake, or 5.697 mil common units, in Quicksilver Gas Resources LP, a Forth Worth- based provider of natural gas processing services, from Quicksilver Resources Inc, for USD 1.001 bil. The consideration was to consist of USD 701 mil in cash, the assumption of USD 228 mil in liabilities, and up to USD 72 mil in profit-related payments.
Safety Tubs LLC / American Standard Brands
US - American Standard Brands acquired Safety Tubs LLC, a Grand Prairie-based manufacturer of walk-in bathtubs. Terms were not disclosed.
Snyder's of Hanover Inc / Lance Inc
US - Lance Inc definitively agreed to acquire the entire share capital of Snyder's of Hanover Inc, a Hanover-based producer and wholesaler of pretzels and chips, in a stock swap transaction valued at USD 394.469 mil based on Lance's closing stock price of USD 16.25 on 21 July 2010, the last full trading day prior to the announcement, less USD 3.75 dividend premium paid per Lance shareholder. The transaction was structured as a merger of equals, Lance and Snyder's shareholders each holding a 50% interest in the combined company, which was to be renamed Snyder's Lance Inc.
Signature LegalCare / Hyatt Legal Plans Inc
US - Hyatt Legal Plans Inc, a wholly-owned unit of MetLife Inc, acquired Signature LegalCare, a South Barrington- based provider of group legal plan services, from Allstate Corp. Terms were not disclosed.
SigmaQuest Inc / Camstar Systems Inc
US - Camstar Systems Inc acquired SigmaQuest Inc, a Sunnyvale-based provider of saas (software as a service) services.
Tappan Wire & Cable Inc / Southwire Co Inc
US - Southwire Co Inc acquired Tappan Wire & Cable Inc, a Blauvelt-based manufacturer and wholesaler of voltage cables and wires.
TuVox / West Interactive
US - West Interactive, a unit of West Corp has acquired TuVox, a Cupertino-based developer of speech software.
Virtual Devices Inc / DoMark International Inc
US - DoMark International Inc (DoMark) agreed to acquire the entire share capital of Virtual Devices Inc, a Pittsburgh-based provider of data input technology services, in exchange for an undisclosed amount in DoMark common shares.
American Plant Services Inc / Mountain Renewables Inc
US - Mountain Renewables Inc (Mountain) planned to acquire American Plant Services Inc, a provider of janitorial services. Concurrently, Mountain planned to acquire Mobile Fluid Recovery Inc, Arcis Energy Inc and Gulf Coast Energy Distribution LLC.
Conway Svcs Heating,Cooling / ARS/Rescue Rooter
US - ARS/Rescue Rooter, a unit of American Residential Services LLC, acquired Services Heating & Cooling, a Memphis-based provider of air conditioning, heating and plumbing services.
Crescent Bk & Trust Co-Bkg Ops / Renasant Bank
US - Renasant Bank, a wholly- owned unit of Renasant Corp acquired the banking operations of Jasper-based bankrupt Crescent Bank & Trust Co, a wholly-owned unit of Crescent Banking Co.
Genzyme Corp / Sanofi-Aventis SA
US - Sanofi-Aventis SA of France was rumored to be planning to acquire the entire share capital of Genzyme Corp, a Cambridge- based biotechnology company.
Gulf Coast Energy Distribution / Mountain Renewables Inc
US - Mountain Rewables Inc (Mountain) agreed to acquire the entire share capital of Gulf Coast Energy Distribution LLC, a Birmingham-based wholesaler of fuel products. Concurrently, Mountain agreed to acquire the entire share capital of Arcis Energy Inc.
Mobile Fluid Recovery Inc / Mountain Renewables Inc
US - Mountain Renewables Inc (Mountain) planned to acquire Mobile Fluid Recovery Inc, an Evansville-based provider of janitorial and recycling services. Concurrently, Mountain planned to acquire American Plant Services Inc. The consideration for the two transactions was to consist of the issuance of 8.8 mil Mountain common shares. Concurrently, Mountain agreed to acquire Arcis Energy Inc and Gulf Coast Energy Distribution LLC.
Playdom Inc / Walt Disney Co
US - Walt Disney Co was rumored to be planning to acquire Playdom Inc, a Mountain View-based developer of gaming software.
Southern Copper Corp / Americas Mining Corp
US - Americas Mining Corp (Americas), a wholly-owned subsidiary of Grupo Mexico SAB de CV, planned to acquire the remaining 20% stake, or 170 mil common shares, in Southern Copper Corp, a Phoenix-based copper mining company, in exchange for America's common stock.
Spectrum K12 School Solutions / Scantron Corp
US - Scantron Corp, a wholly- owned unit of M&F Worldwide Corp's Harland Clarke Holdings Corp subsidiary, acquired Spectrum K12 School Solutions Inc, a Towson-based developer of educational software. Terms were not disclosed.
Sterling Bank, Lantana, Florida / IBERIABANK, Lafayette, Louisiana
US - IBERIABANK, a unit of IBERIABANK Corp acquired the assets of Lantana-based bankrupt Sterling Bank, a wholly-owned unit of Sterling Bancgroup Inc.
Arcis Energy Inc / Mountain Renewables Inc
US - Mountain Renewables Inc (Mountain) agreed to acquire the entire share capital of Arcis Energy Inc, a provider of natural gas distribution services. Concurrently, Mountain agreed to acquire Gulf Coast Energy Distribution LLC. The consideration for the two transactions was to consist of the issuance of 13.2 mil new Mountain common shares. Concurrently, Mountain planned to acquire American Plant Services Inc and Mobile Fluid Recovery Inc.
iTradeNetwork Inc / Roper Industries Inc
US - Roper Industries Inc agreed to acquire iTradeNetwork Inc, a Pleasanton-based developer of supply chain management software, from Accel-KKR LLC, a joint venture between Accel Partners and Kohlberg Kravis Roberts & Co LP, for USD 525 mil in cash.
2Wire Inc / Pace PLC
US - Pace PLC of the UK planned to acquire 2Wire Inc, a San Jose-based manufacturer of broadband products, for USD 475 mil in cash.
Murphy Oil Corp-Refineries(3) / Seeking Buyer
US - In July 2010, Murphy Oil Corp, an El Dorado-based oil and gas exploration and production company, announced that it was seeking a buyer for its three refineries.
Philosophy Inc / Seeking Buyer
US - In 22 July 2010, Carlyle Group LLC was rumored to be seeking a buyer for its Philosophy Inc unit, a Phoenix-based manufacturer and retailer of personal care products, via auction.
Spirit Finance Corp / Seeking Buyer
US - In July 2010, Redford Holdco LLC, a unit of Macquarie Group Ltd's Macquarie Bank Ltd subsidiary and Kaupthing Bank hf, was rumored to be seeking a buyer for Spirit Finance Corp, a Scottsdale-based real estate investment trust {REIT}.
InterGen NV / Seeking Buyer
US - GMR Infrastructure Ltd of India (GMR), a majority- owned unit of GMR Holdings Ltd, was rumored that it was seeking a buyer for its 50% interest in InterGen NV, a Burlington-based electric utility company, a 50:50- owned unit of GMR and Ontario Teachers Pension Plan {OTPP}.
Data provided by Thomson Reuters
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