Date
Announced
TargetIndustrySellerSynopsis
05/11/14Severstal-N American OperationsMetal and Metal ProductsSeverstalSeverstal, a Cherepovets-based manufacturer of metallurgical products, was rumored to be seeking a buyer for its North American operations located in Michigan and Mississippi. Terms were not disclosed, but according to people familiar with the transaction, the deal was valued at an estimated $1.5 billion. United States Steel Corp. and Companhia Siderurgica Nacional SA were rumored to be potential bidders.
05/12/14RentPath IncPrinting, Publishing, and Allied ServicesTPG Capital LPIn May 2014, TPG Capital LP was rumored to be seeking a buyer for its RentPath Inc. unit, a Norcross-based publishing company. Terms were not disclosed, butaccording to people familiar with the transaction, the deal was valued at an estimated $1.5 billion. The transaction was to include the Apartment Guide and Rent.com websites.
05/13/14BWAY Parent Co IncMetal and Metal ProductsPlatinum Equity LLCIn May 2014, Platinum Equity LLC was rumored to be seeking a buyer for its BWAY Parent Co. Inc. unit, an Atlanta-based holding company, via auction. The transaction was to include BWAY Corp. Terms were not disclosed, but according to people familiar with the transaction, the deal was valued at an estimated $2 billion.
05/15/14Nordstrom Inc-Credit Card PortfolioCredit InstitutionsNordstrom Inc.In May 2014, Nordstrom Inc., a Seattle-based owner and operator of apparel stores, announced that it was seeking a buyer for its portfolio of credit card receivables.
05/15/14ConnectEDU IncBusiness ServicesConnectEdu Inc.In May 2014, ConnectEdu In.c, a Boston-based provider of online accessing services, announced that it was seeking a buyer for the company via an auction.
05/15/14Rackspace Hosting IncBusiness ServicesRackspace Hosting Inc.In May 2014, Rackspace Hosting Inc., a San Antonio-based provider of web hosting and managed date and network services, was rumored to be seeking a buyer for the entire share capital of the company.
US M&A Seeking Buyer Deals Announced May 11 - May 16, 2014    
Source: Thomson Reuters