November 30, 2011, 7:09 PM UTC

Samsung C&T and KNOC have agreed to acquire Midland, Texas.-based Parallel Petroleum from Apollo Global Management. No financial terms were disclosed, although Reuters puts the pricetag at $772 million. Earlier reports had suggested that the deal could be valued at upwards of $900 million.www.parallel-petro.com

Adobe has acquired Sunnyvale, Calif.-based digital marketing company Efficient Frontier for an undisclosed amount. www.adobe.com

Visteon Corp. (NYSE: VC) has signed an agreement to sell a majority of its auto interiors business to an existing joint venture with China’s Huayu Automotive Systemswww.visteon.com

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