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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
March 9, 2012, 2:52 PM ET

Boston Scientific Corp. (NYSE: BSX) has exercised its option to acquire Cameron Health Inc., a a San Clemente, Calif.-based maker of implantable defibrillators. The deal is valued at up to $1.35 billion, including an upfront $150 million payment and possible milestone-based earnouts. Cameron had raised around $190 million in VC funding from Alloy Ventures, Delphi Ventures, Boston Scientific, CDIB BioVentures, Investor Growth Capital, Pinnacle Ventures, PTV Sciences, Three Arch Partners and Versant Ventures. www.cameronhealth.com

CIVC Partners has agreed to sell Thermo Fluids Inc., a Scottsdale, Ariz.-based producer of commercial fuel oil from recovered used motor oil in the Western U.S., to Heckmann Corp. (NYSE: HEK). The deal is valued at $245 million in cash and stock. Houlihan Lokey managed the sale. www.thermofluids.com

Gamesa (Milan: GAM), a Spanish engineering company, has agreed to sell four U.S. wind parks to Canada’s Algonquin Power & Utilities Corp. (TSX: AQN) for approximately US$888 million.

Cornerstone OnDemand (Nasdaq: CSOD) has agreed to acquire Sonar Ltd., a New Zealand-based provider of cloud-based talent management solutions to small businesses. The deal is valued at $14 million, including $13 million in cash. www.cornerstoneondemand.com

Chris Hughes, a Facebook co-founder credited for President Obama’s 2008 digital media strategy, has acquired The New Republic magazine from Marty Peretz. No financial terms were disclosed. Hughes will serve as editor-in-chief.

The London Stock Exchange has agreed to acquire a 60% stake in clearing house group LCH.Clearnet, at an enterprise value of €813 million. www.lchclearnet.com

Sun Capital Partners has agreed to sell Fluid Routing Solutions, a maker of fuel management systems and hose extrusion products for major automotive and industrial OEMs, to a subsidiary of Park-Ohio Holdings Corp. (Nasdaq: PKOH). No financial terms were disclosed for the deal, which is expected to close later this month.

Wal-Mart Stores Inc. won the dismissal of a lawsuit seeking to block its $2.4 billion acquisition of a majority stake in South African discount retailer Massmart, which had been brought in a South African court by local government and labor union groups.

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By Dan Primack
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