FlexJobs, a Boulder, Colo.-based site for finding telecommuting and other flexible jobs, has acquired T-Jobs, a provider of telecommnuting jobs. No financial terms were disclosed. www.flexjobs.com

Hong Kong Exchanges and Clearing Ltd. has agreed to acquire the London Metal Exchange for £1.4 billion, beating out rival bidders like InterContinental Exchange (NYSE: ICE). www.lme.co.uk

Nike Inc. (NYSE: NKE) has hired Goldman Sachs to find buyers for its Cole Haan handbag unit andUmbro soccer gear unit, according to Reuters. Cole Haan is expected to be valued at between $400 million and $500 million, while Umbro is expected “to be a tougher sale.” www.nike.com

Bertram Capital has sold EDI Holdings Inc., a Chippewa Falls, Wisc.-based provider of slot coating and flat polymer extrusion dies for plastic processors and web converters, to Nordson Corp. (Nasdaq: NDSN) for $200 million in cash. www.nordson.com

The Collective, a Hollywood-based entertainment management company, has acquired video-sharing site Metacafe for an undisclosed amount, according to All Things D. Metacafe had raised around $45 million in VC funding from firms like Accel Partners, Benchmark Capital, DAG Ventures and Highland Capital Partners. www.metacafe.com

Water Street Healthcare Partners has agreed to sell OraPhara, a Horsham, Penn.-based oral health company, to Valeant Pharmaceuticals International Inc. (NYSE: VRX). The deal is valued at upwards of $426 million, including a $312 million up-front payment and up to $114 million in milestone payments.www.orapharma.com

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com