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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
January 13, 2012, 3:40 PM ET

Pfizer Inc. (NYSE: PFE) has received offers for its baby formula business from Nestle and Danone SA, according to Bloomberg. www.pfizer.com

Acacia Research Corp. (Nasdaq: ACTG) has acquired Adaptix Inc., a Carrollton, Texas–based developer of 4G technologies, for $160 million. Adaptix had raised private equity funding from Baker Capital. www.adaptix.com

Goldman Sachs and Cerberus Capital Management have sold their remaining 20% stake in listed German property company GSW Immobilien AG, for around €175 million.

Crown Castle International Corp. (NYSE: CCI) has agreed to acquire Wireless Capital Partners, a portfolio of ground lease-related assets, for approximately $180 million in cash and the assumption of around $320 million in debt. Sellers include Goldman Sachs and Morgan Stanley. www.crowncastle.com

Carl Icahn has withdrawn his $1.7 billion, or $15 per share, buyout offer for Commercial Metals Co.(NYSE: CMC). www.cmc.com

Omnicare’s (NYSE: OCR) $441 million bid for smaller rival Pharmerica Corp. (NYSE: PMC) is likely to be blocked by the Federal Trade Commission, according to the NY Post. Pharmerica already has rejected the $15 per share bid, and adopted a poison pill. www.omnicare.com

Starboard Value, the largest shareholder in Wausau Paper (NYSE: WPP) with a 7.5% stake, said that the company should evaluate strategic alternatives, including a sale of the company. Wausau Paper has a market cap of approximately $416 million. www.wausaupaper.com

GTCR has agreed to sell APS Healthcare Inc., a White Plains, N.Y.–based provider of specialty healthcare solutions, to Universal American Corp. (NYSE: UAM) for $227.5 million. The deal includes up to $50 million in performance-based earnouts and $147.5 million in cash to retire APS Healthcare’s outstanding debt. www.gtcr.com

Apple Inc. has confirmed its acquisition of Anobit Inc., an Israel-based provider of solutions to the NAND flash memory market. No pricing terms were disclosed, but reports are that the deal was valued at between $400 million and $500 million. Anobit had raised over $70 million in VC funding, from firms like Battery Ventures, Intel Capital and Pitango Venture Capital. www.anobit.com

Rakuten, a Japanese Internet services company, has completed its previously-announced acquisition of Canadian e-reader and e-book company Kobo for $315 million in cash. Kobo shareholders include Indigo Books & Music, Borders Group, Cheung Kong Holdings, Horizon Ventures and REDgroup Retail.www.kobo.com

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By Dan Primack
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