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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

'We are rapidly running out of time': Watchdog sounds Social Security alarm after 22% cut confirmed for 2032

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
May 20, 2013, 3:24 PM ET

Actavis Inc. (NYSE: ACT) has agreed to acquire Warner Chilcott PLC (Nasdaq: WCRX) for approximately $8.5 billion in stock, or $20.08 per share. The deal would create a specialty pharma company with around $11 billion in combined annual revenue. Sellers will include Thomas H. Lee Partners, which holds around a 3.9% stake Chilcott. www.actavis.com

Seamless North America and GrubHub Inc. have agreed to merge, into a single provider of online services for ordering takeout. The combined company would have generated more than $100 million in 2012 revenue, based on around $875 million worth of orders going through their systems. New York-based Seamless shareholders — including Spectrum Equity Investors, TH Lee Partners and Warburg Pincus — will hold a majority stake. Chicago-based GrubHub has raised over $80 million from Origin Ventures, Amicus Capital, Benchmark, DAG Ventures, Lightspeed Venture Partners, Leo Capital, Greenspring Associates and Mesirow Financial. www.grubhub.com

Leonard Blavatnik is considering a $200 million investment into Russian mobile phone retailerSvyaznoy, according to a local press report. www.svyaznoy.ru

Goldman Sachs has launched the sale of its remaining $1.1 billion stake in Industrial and Commercial Bank of China (HK: 1398). www.gs.com

Morgan Stanley
 (NYSE: MS) has agreed to sell its Indian wealth management unit to StandardChartered (LSE: STAN). No financial terms were disclosed. www.morganstanley.com

Wolters Kluwer (Amsterdam: WKL) has acquired Prosoft Tecnologia, a Brazilian provider of tax and accounting software. No financial terms were disclosed. www.wolterskluwer.com

Payvia, a Los Angeles–based mobile payment and messaging company, has acquired Mogreet, a Los Angeles-based provider of mobile video marketing solutions. No financial terms were disclosed. Mogreet has raised around $14 million in VC funding from Ascend Ventures, Black Diamond Ventures, Bryant Park Ventures, Draper Associates and DFJ Frontier. www.usepayvia.com

Ubiquiti Networks Inc. (Nasdaq: UBNT), a San Jose, Calif.-based provider of wireless networking solutions, has filed for a secondary public offering of 7.7 million shares. The company’s stock closed trading last Thursday at $20.43 per share. Most of the shares are being offered by Summit Partners, which would see its ownership position fall from 17.34% to 10.48% (or 9.27%, if the over-allotment is exercised). Credit Suisse, BoA Merrill Lynch and Raymond James are serving as lead underwriters.www.ubnt.com

Aspen Aerogels Inc., a Northborough, Mass.-based developer of flexible insulation products, has withdrawn registration for a $115 million IPO. It originally filed for the offering in July 2011, with Goldman Sachs and Morgan Stanley serving as lead underwriters. The company has raised over $85 million in VC funding from BASF Venture Capital, RockPort Capital, Tenaya Capital, Reservoir Capital Group, Arcapita Ventures and Argonaut Private Equity. www.aerogel.com

FusionStorm International, a Woburn, Mass.-based provider of end-to-end IT solutions to international commercial and public-sector clients, has formally withdrawn registration for a $175 million IPO. It originally filed back in August 2011, but postponed the offering late that year. FBR and Needham & Co. were serving as co-lead underwriters. FusionStorm would have had an initial market cap of approximately $505 million, were it to have priced in the middle of its range.www.fusionstorm.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com

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