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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
October 24, 2011, 1:50 PM ET

Sony is acquiring full control of the Sony Ericsson mobile phone joint venture for $1.45 billion. www.sony.com

LSI Corporation has acquired SandForce, a provider of flash storage processors for enterprise, for $322 million in cash and $48 million in unvested stock options and restricted shares. SandForce was originally funded by DCM and Storm Ventures, as well as later Translink Capital and Canaan Partners.
South Pole Biogroup, a Santiago, Chile-based maker of natural color and specialty nutrition ingredients, was acquired by FMC Corporation. Terms of the deal were not disclosed.

CyberArts, a Oakland, CA-based online gaming solutions provider, has been acquired by Fertitta Interactive. Terms of the deal were not disclosed.

Google‘s September acquisition of Zagat, the restaurant review guide and site, cost $151 million, Reuters reports.

Infosys, the second largest software services exporter in India, is seeking to make acquisitions that could cost up to $700 million, Reuters reports.

NBNK has submitted a bid for Northern Rock, the nationalized British retail bank, Reuters reports.
The bid comes a day after Virgin Money, a Virgin Group subsidiary, reportedly made its second-round bid.

WEDNESDAY, OCTOBER 27

BayTSP, a Santa Clara, CA-based anti-piracy company has been acquired by Irdeto, a global software security and media technology company. Terms of the deal were not disclosed. www.irdeto.com

Particle Code, a mobile gaming development platform, has been acquired by Appcelerator. Terms of the deal were not disclosed. www.appcelerator.com

Ocwen Financial Corporation, a mortgage servicing company, has bought Saxon Mortgage Service from Morgan Stanley for a base purchase price of $59.3 million and estimated $1.4 billion for servicing advance receivables outstanding. www.morganstanley.com

Plains All-American Pipeline, a Houston-based energy company, made an unsolicited offer to buy pipeline company SemGroup, which was rebuffed by SemGroup?s board. Plains is now presenting the $1 billion cash bid to SemGroup’s shareholders.

Amerigroup has acquired all of the operating assets and contract rights of Health Plus, a managed care company and one of the largest Medicaid managed care companies in New York, for $85 million.

The Hain Celestial Group, a Melville, NY-based natural and organic products company, acquired Daniel Group, food manufacturer in the UK.

TUESDAY, OCTOBER 25

Oracle is buying RightNow Technologies, a cloud-based customer service company, for $1.5 billion. www.oracle.com

Cardpool, a San Francisco-based gift card exchange company, has been acquired by Blackhawk Network, a Pleasonton, CA-based provider of prepaid and financial payments products. Blackhawk Network is a subsidiary of Safeway. Cardpool had been backed by Mitch Kapor and Y Combinator. www.blackhawknetwork.com

HIT Entertainment has been acquired by Mattel for $680 million in cash, from a consortium led by Apax Partners. HIT Entertainment owns brands including Thomas the Tank Engine, Barney, and Bob the Builder, and the company has more than $180 million of revenues. www.hitentertainment.com

Sara Lee sold the majority of its North American food, coffee, and tea unit to J.M. Smucker $350 million. www.saralee.com

Cigna Corp acquired HealthSpring for about $3.8 billion. www.cigna.com

Mengniu Dairy, a Chinese milk producers, could buy Pfizer?s infant nutrition business, the Financial Times reports. The newspaper says that the Pfizer division had $1.9 billion in revenues in 2010 and could be worth as much as $10 billion. Danone and Nestlé are also potential buyers.

BabyandBump.com, an online website for mothers, has been acquired by Evolve Media. BabyandBump.com will be part of Evolve?s Momtastic division. Terms of the deal were not disclosed. www.evolvemediacorp.com

Peabody Energy and ArcelorMittal now have a controlling 59.85% stake in the Australian coal mining company Macarthur Coal companies, Dealbook reports.

Molycorp , the biggest rare earths supplier outside of China, bought the remaining 10% of its Estonia-based processing facility Molycorp Silmet, Reuters reports.

GE Capital has sold a Korean unit to Hyundai Capital, a joint venture between Hyundai Motor and GE Capital, for $157 million, Reuters reports.

WEDNESDAY, OCTOBER 26

St. Eugene Mining Corporation will sell to Claude Resources, a Canadian gold exploration and mining company, those shares Claude Resources does not already own in the company, for an expected $19 million and a piece of a new subsidiary, Spinco. See the press release here. Berkshire Hills Bancorp has agreed to acquire the Connecticut Bank and Trust Company for $30 million.

Blue River Partners acquired Steelbridge Compliance, a compliance consulting firm. Terms of the deal were not disclosed.

Capital Markets Cooperative, a secondary marketing specialist in the mortgage industry, has agreed to acquire Cunningham, the Greensboro, NC-based mortgage banking firm. Terms of the deal were not disclosed.

E.ON, the German utility, has made an offer for the Portuguese state?s minority stake of about 21 percent in Portuguese national power provider EDP, Reuters reports.The acquisition would provide E.ON with an entry into the Brazilian market.

Virgin Money, a subsidiary of Virgin Group, has made a second-round bid for Northern Rock, the nationalized British retail bank, Reuters reports. Virgin Money faces possible competition from NBNK Investments and PE firm JC Flowers.

About the Author
By Dan Primack
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