Mergers & acquisitions

Feb 11, 2013

Dan Primack was a senior editor at Fortune from 2010 to 2016. He was also the author of Term Sheet, Fortune's daily newsletter about deals and dealmakers.

CIT Group (NYSE: CIT) has had “preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo & Co.,” according to Reuters. The report adds that “nothing came of the conversations.” www.cit.com

Hakon Invest
 has agreed to acquire the 60% it does not already own in Nordic supermarket operator ICAfrom Royal Ahold for approximately $3.1 billion in cash. www.hakoninvest.se

Eric Schmidt
 plans to sell around 42% of his stake in Google Inc. (Nasdaq: GOOG), where he serves as executive chairman, according to a regulatory filing. The sale could be worth around $2.5 billion. www.google.com

Radware (Nasdaq: RDWR) has acquired Strangeloop Networks, a Vancouver-based provider of front-end optimization solutions. No financial terms were disclosed. Strangeloop had raised around C$10 million from Canadian angel investors. www.radware.com

Siemens AG next quarter will launch auctions for its solar, traffic systems and postal automation and baggage handling businesses, according to Reuters. www.siemens.com

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