Dish Network (Nasdaq: DISH) has completed its acquisition of the assets of bankrupt Terrestar Networks Inc. for $1.375 billion in cash.
Masimo (Nasdaq: MASI) has acquired the assets of Spire Semiconductor LLC, a Hudson, N.H.-based maker of LED technology, from Spire Corp. (Nasdaq:SPIR). No financial terms were disclosed. www.masimo.com
Prestige Brands (NYSE: PBH), maker of household cleaning products like Comet, has rejected a $834 million takeover offer from Genomma (Mexico: LABB) as being “inadequate.” www.genomma.com
Gobi Partners has sold its minority stake in CIB Development, an online operator of games in Malaysia and Singapore, to Asiasoft. No pricing terms were disclosed. www.cib.com.my
Thoma Bravo has agreed to sell SonicWall Inc., a provider of IT security and data backup and recovery solutions, to Dell Inc. (Nasdaq: DELL). No financial terms were disclosed. www.sonicwall.com
TBC Corp., a subsidiary of Sumitomo Corporation of America, has agreed to acquire auto repair chain Midas Inc. (NYSE: MDS) for approximately $310 million in cash (including assumed debt and liabilities). The $11.50 per share deal represents a 28% premium over yesterday’s closing price.
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