Mergers & Acquisitions
H-P Outguns Dell in Takeover Duel
[at The Wall Street Journal] - H-P Outguns Dell in Takeover Duel It wasn t the biggest bidding war the tech world has ever seen, but the battle between titans H-P and Dell for a humble maker of data-storage systems certainly qualified as one of the wildest ever. Read
Synopsys wraps $315M acquisition of Virage Logic
[AP] - Synopsys Inc. said Thursday it has completed its acquisition of rival chip design software provider Virage Logic Corp. for about $315 million in cash. Read
[$$] Burger King Agrees to 3G Capital Offer
[at The Wall Street Journal] - Burger King Agrees to Buyout Burger King agreed to be acquired by New York-based private investment firm 3G Capital Management for about $4 billion, including both equity and debt. Deal Journal: Buyout Is No Value Meal Heard: BK Shareholders Land a Whopper Burger King s Latest Pickle Preview: Blackstone Nears Sale of Merlin Read
Burger King agrees to $3.3 billion sale to 3G Capital
[Reuters] - Burger King Holdings Inc agreed to sell itself to investment firm 3G Capital for $3.26 billion, giving the No. 2 U.S. fast-food chain breathing room to fix its business and close the gap with leader McDonald s Corp. Read
NC newspaper completes sale to Alabama company
[AP] - An eastern North Carolina daily newspaper has completed details of its sale to an Alabama-based company. The Washington Daily News announced Thursday that the newly formed Washington Newsmedia LLC, an affiliate of Boone Newspapers Inc., completed purchase of the newspaper from the Futrell family. Read
Hewitt completes deal to acquire EnnisKnupp
[AP] - Hewitt Associates completed its acquisition of investment advisory firm EnnisKnupp, the company said Thursday. Terms of the deal, first announced July 20, have not been disclosed. Read
UPDATE - Moody s may cut Burger King rating on acquisition
[at Reuters] - Moody s Investors Service on Thursday said it may cut its debt ratings on Burger King Holdings because of substantial debt that may be taken on to fund its acquisition by affiliates of 3G Capital. Read
Summary Box: Burger King agrees to $3.26B buyout
[AP] - THE DEAL: Burger King Holdings Inc. is selling itself to investment firm 3G Capital in a deal valued at $3.26 billion. THE UPSHOT: Being acquired by an owner with deep pockets could give Burger King some financial breathing room to refresh its restaurants and expand internationally after years of playing follow-the-leader with McDonald s. Read
Clayton, Dubilier Buys Stake in Univar
[at New York Times] - Clayton, Dubilier & Rice has acquired a large minority interest in Univar, a large chemical distribution business, from buyout firm CVC Capital Partners. Read
DEALTALK-Time to put money into the ATM?
[at Reuters] - * Post-crisis, valuations look attractively cheap * Tech or private equity may splash cash on ATM makers * Financial software/systems firms also likely targets Read
ResCare: No decision yet on Onex buyout offer
[AP] - ResCare has yet to make a decision on a $370 million buyout offer from Canadian private equity firm Onex Corp., the home health services provider said Thursday. Read
Summary Box: Avis ups cash part of takeover bid
[AP] - WRESTLING FOR CONTROL: Avis Budget Group Inc. boosted the cash component of its acquisition offer for Dollar Thrifty Automotive Group Inc. by $1.50 per share to $40.75 per share. The stock portion of the bid remains unchanged. Read
Cisco to acquire smart grid metering co. Arch Rock
[AP] - Cisco Systems said Thursday that it plans to acquire Arch Rock Corp., a maker of wireless network equipment for smart grids, for an undisclosed amount. Read
Scout Investment to acquire asset manager Reams
[AP] - Scout Investment Advisors, a subsidiary of UMB Financial Corp., said Thursday that it signed an agreement to acquire the assets of Indiana s Reams Asset Management Co. Read
Avis Sweetens Bid for Dollar Thrifty
[at Fox Business] - Avis Budget Group sweetened its bid to acquire Dollar Thrifty Automotive Group by a $1.50 a share in an attempt to beat Hertz in their ongoing acquisition battle. Read
Google Acquisition Spree: Is Social Networking Next?
[at TheStreet.com] - Google s recent acquisitions suggest the company is laying the foundation for a move into a new social networking platform. Here are the latest companies Google has picked up. Read
Burger King to Be Acquired by 3G for $24 a Share: Sources
[at CNBC] - 3G Capital is set to announce its acquisition of Burger King Thursday, according to people familiar with the situation. Read
Deals of the day -- mergers and acquisitions
[at Reuters] - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0530 GMT on Thursday. Read
[$$] Land Acquisition Starts for Australian LNG Project
[at The Wall Street Journal] - Land Acquisition Starts for Australian LNG Project Western Australia state said it has begun compulsory acquisition for land planned for the massive Browse liquefied natural gas project, after talks with an indigenous land council failed to reach a deal. Read
[$$] First Niagara, NewAlliance Merger Deal Draws Probe
[at The Wall Street Journal] - Conn. A.G. Probing First Niagara-NewAlliance Deal Connecticut Attorney General Richard Blumenthal is probing First Niagara Financial Group s $1.5 billion proposed acquisition of NewAlliance Bancshares. Read
Burger King Takeover a Good Idea
[at TheStreet.com] - Burger King shares surge on heavy volume, thanks to rumors of a private-equity buyout. Read
Connecticut probes First Niagara-NewAlliance deal
[Reuters] - Connecticut is probing First Niagara Financial Group Inc s proposed $1.5 billion takeover of NewAlliance Bancshares Inc and has asked the banks to justify the merger, throwing a potential roadblock to the largest U.S. bank deal in nearly two years. Read
Columbia completes acquisition of OutDry
[AP] - Columbia Sportswear Co. said Wednesday that it has completed its acquisition of OutDry Technologies., from Italian company Nextec S.r.l. Read
Burger King jumps on buyout report
[at MarketWatch] - Shares of Burger King gain after The Wall Street Journal reports that the fast-food giant is in talks about a potential private-equity buyout. Read
Nokia completes Motally acquisition
[AP] - Cell phone maker Nokia Corp. said Wednesday it has completed its acquisition of U.S. mobile analytics company Motally Inc. Read
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