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M&A

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
April 10, 2012, 2:17 PM ET

Corning Inc. (NYSE: GLW) has agreed to acquire the majority of Becton, Dickinson and Co.’s (NYSE: BDX) Discovery Labware unit for approximately $730 million in cash. www.corning.com

Cornerstone OnDemand (Nasdaq: CSOD) has completed its previously-announced acquisition ofSonar Ltd., a New Zealand-based provider of cloud-based talent management solutions to small businesses. The deal was valued at $14 million, including $13 million in cash.www.cornerstoneondemand.com

Fujikura Ltd. has agreed to acquire Nistica Inc., a Bridgewater, N.J.-based provider of optical networking modules. No financial terms were disclosed. Nistica had raised around $22 million in private funding from firms like Fujikura, Battelle Ventures, Technology Venture Partners, Novitas Capital, MMV Investment Partners, and NTT Electronics Corp. www.nistica.com

Intuit (NasdaQ: INTU) has acquired AisleBuyer LLC, a Boston-based provider of mobile self-checkout and mobile commerce solutions, for between $80 million and $100 million, according to BostInno. AisleBuyer has raised more than $7.5 million in VC funding from Old Willow Partners.www.aislebuyer.com

Danaher Corp. (NYSE:DHR) has agreed to acquire X-Rite Inc. (Nasdaq: XRIT), a provider of color measurement technology. The deal is valued at approximately $625 million (including assumed debt), or $5.55 per share (38.75% premium to yesterday’s closing price). www.danaher.com

TE Connectivity Ltd. has agreed to sell its Professional Services business to BlueStream Professional Services, an affiliate of KGP Logistics, for $23.5 million. The unit provides engineering, furnishing and installation services to communication service providers, and generated $121 million in sales for fiscal 2011. www.te.com

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By Dan Primack
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