M&A

October 31, 2011, 7:36 PM UTC

Anglo American (LSE: AAL) has agreed to acquire a 40% stake in diamond company De Beers from theOppenheimer family for $5.1 billion. Anglo already holds a 45% stake in De Beers, which means it would have a control position.

HomeStreet
, a Seattle-based lender, has set its IPO terms to 7.17 million common shares being offered at between $22 and $24 per share. It would have an initial market cap of million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol HMST, with FBR Capital Markets serving as lead underwriter. www.homestreet.com

Nokia Siemens Networks
 has agreed to sell its microwave technology unit to Canada’s DragonWave Inc. (Nasdaq:DRWI) for up to EUR 110 million. www.nokiasiemensnetworks.com

Plains Exploration & Production
 (NYSE: PXP) plans to sell $785 million worth of Texas assets to Linn Energy LLC (Nasdaq: LINE). The deal is expected to close next month.

Zoosk, a San Francisco-based social dating site, has acquired interactive video platform Woo Media Inc.for an undisclosed amount. Zoosk investors include ATA Ventures, Bessemer Venture Partners and Canaan Partners. www.zoosk.com

THURSDAY, NOVEMBER 3

Wells Fargo & Co. (NYSE: WFC) has agreed to acquire $3.3 billion in U.S. commercial real estate loans from the entity formerly known asAllied Irish Bank. Wells Fargo already has closed on the initial tranche – 25 loans valued at $1.5 billion – with the remainder expected to be acquired before year-end. www.wellsfargo.com

Carl Icahn has increased his position in truck and engine maker Navistar International Corp. (NYSE: NAV) from 9.8% to 9.9%, according to a regulatory filing. Reuters recently reported that Icahn wants Navistar to merger with Oshkosh Corp. (NYSE: OSK).

Lovell Minnick Capital Partners has completed its previously-announced sale of ALPS Holdings Inc., a Denver-based provider of asset servicing and asset gathering solutions to the asset management industry, to DST Systems Inc. (NYSE: DST). No financial terms were disclosed. www.alpsfunds.com

WEDNESDAY, NOVEMBER 2

Frank McCourt and Major League Baseball have agreed to a court-supervised sale of the Los Angeles Dodgers, with the process to be managed by The Blackstone Group. The Dodgers filed for bankruptcy earlier this year.

Marathon Oil Corp. (NYSE: MRO) is considering a sale of its Angolan operations for up to $800 million, according to Bloomberg. Possible buyers include China Petrochemical Corp.

Metro AG
, a German retailer, is in talks to sell its Kaufhof department store business, according to Reuters. Possible buyers include Austrian property company Signa, which is backed by Greek shipping magnate George Economou.

Primerica Inc. (NYSE: PRI) plans to buy $200 million of its shares back from Citigroup, just one year after spinning out of the bank with the help of Warburg Pincus. www.primerica.com

Urban Airship, a Portland, Or-based provider of mobile apps for raising brand awareness, has acquiredSimpleGeo, a San Francisco-based provider of location-aware features for mobile apps. No financial terms were disclosed. Urban Airship has raised more than $6 million in VC funding from Foundry Group, True Ventures and Founders Co-op. SimpleGeo raised nearly $10 million from groups like First Round Capital, Lowercase Capital, Freestyle Capital, Foundry Group and Redpoint Ventures.www.urbanairship.com

Adobe Systems (Nasdaq: ADBE) has acquired Auditude Inc., a Palo Alto, Calif.-based provider of video ad management and monetization solutions for media companies, for around $120 million. Auditude had raised around $38 million in VC funding from Greylock Partners, Redpoint Ventures and.www.adobe.com

H.I.G. Capital
 has sold Ideal Image, a Tampa, Fla.-based provider of laser hair removal services, toSteiner Leisure (Nasdaq: STNR) for $175 million. www.higcapital.com

The Homax Group, a portfolio company of Olympus Partners, has sold two of its pest control brands (Black Flag and TAT) to Spectrum Brand Holdings Inc. (NYSE: SPB). No financial terms were disclosed.www.homaxproducts.com

TUESDAY, NOVEMBER 1

Yahoo Inc. (Nasdaq: YHOO) has agreed to acquire ad targeting company Interclick Inc. (Nasdaq: ICLK) for approximately $270 million, or $9 per share. www.yahoo.com

BB&T Corp. (NYSE: BBT) has agreed to acquire BankAtlantic, the Ft. Lauderdale, Fla.-based banking unit of BankAtlantic Bancorp (NYSE: BBX). BB&T will acquire around $2.1 billion in loans and $3.3 billion in deposits for an estimated $301 million premium to NAV at closing. www.bankunited.com

Clearspring, a McLean, Va.-based social sharing and analytics platform, has acquired XGraph Inc., a New York-based company focused on modeling and monetizing the web-wide social graph. No financial terms were disclosed. Clearspring has raised around $58 million in VC funding, from Institutional Venture Partners, Novak Biddle Venture Partners, ZG Ventures and New Enterprise Associates. XGraph raised VC funding from firms like Rho Ventures. www.clearspring.com

Kohlberg & Co. has agreed to sell Thomas Nelson, a Nashville, Tenn.-based publisher of inspirational and religious books, to HarperCollins Publishers. No financial terms were disclosed.www.thomasnelson.com
Navis Capital Partners has agreed to sell King’s Safetywear Ltd., a Singapore-based provider of branded safety footwear, to Honeywell (NYSE: HON). The deal is valued at approximately $338 million, and is subject to regulatory approval. www.honeywell.com

MONDAY, OCTOBER 31

DuPont Co. (NYSE: DD) is looking to sell its performance-coatings unit, which reports annual revenue of around $3.8 billion. Credit Suisse is managing the process. www.dupont.com

Charles Schwab Corp. (NYSE:SCHW) has agreed to acquire Compliance11 Inc., a Chicago-based provider of cloud-based, regulatory compliance software. No financial terms were disclosed. Compliance11 raised around $7 million in VC funding from KVG Partners and Talon Capital Partners.www.compliance11.com

6Waves Lolapps, a Hong Kong-based social gaming company, has acquired Beijing-based rivalSmartron5. No financial terms were disclosed. 6Waves Lolapps shareholders include Insight Venture Partners and Nexon Co. www.6waves.com

Pershing Square Capital Management has acquired a 12.2% stake in Canadian Pacific Railway (NYSE: CP). In an SEC filing that disclosed the position, Pershing Square manager William Ackman said that Canadian Pacific’s shares “are undervalued and are an attractive investment.”

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