PPG Industries (NYSE: PPG) has agreed to spin off its commodity chemicals business and merge it with Georgia Gulf Corp. (NYSE: GGC). Following the $2.1 billion transaction, PPG shareholders will receive approximately 50.5% of shares in the newly-combined company, with existing Georgia Gulf shareholders holding the remainder. www.ppg.com
United Technologies Corp. (NYSE: UTX) is in “final discussions” to sell Rocketdyne, a manufacturer of liquid-fueled rocket propulsion systems, to GenCorp Inc. (NYSE: GY). No financial terms were reported.
Zimbio Inc., a San Carlos, Calif.-based provider of online entertainment content, has acquired Lonny, a monthly online magazine that focuses on home decor. No financial terms were disclosed. Zimbio shareholders include Menlo Ventures, by Great Oaks Venture Capital, Fenwick & West Investments and Draper Associates. www.zimbio.com
Teleflex Inc. (NYSE: TFX) has acquired Hotspur Technologies Inc., a Mountain View, Calif.-based provider of catheter-based technologies aimed at restoring blood flow for patients with obstructed vessels. No financial terms were disclosed. Hotspur had raised VC funding from BioStar Ventures, Finistere Ventures, Incept LLC, Onset Ventures, Saratoga Ventures and Versant Ventures. www.teleflex.com
Go Daddy has acquired Outright, a cloud-based financial management app. No financial terms were disclosed. Web hosting company Go Daddy is owned by KKR, Silver Lake Partners and Technology Crossover Ventures. Outright had raised over $7 million from First Round Capital, Shasta Ventures, SoftTech VC and Sequoia Capital. www.outright.com
Olin Corp. (NYSE: OLN) has agreed to acquire K.A. Steel Chemicals, a Lemont, Ill.-based maker and distributor of caustic soda, sodium hypochlorite, and hydrochloric acid. The deal is valued at $328 million in cash. www.kasteelchemicals.com
Nabors Industries Inc. (NYSE: NBR), a global land drilling contractor, has adopted a “poison pill” to deflect takeover attempts. The company said that its Q2 profits would fall short of Wall Street estimates.www.nabors.com
Autodesk Inc. (Nasdaq: ADSK) has agreed to acquire Socialcam, a San Francisco–based mobile social video capture, editing and sharing app and service. The deal is valued at approximately $60 million. Socialcam had been seeded by angels like Tim Draper, Ashton Kutcher, Laurene Powell Jobs and Yuri Milner. www.socialcam.com
PayPal, a unit of eBay Inc. (Nasdaq: EBAY), has acquired Card.io, a San Francisco-based provider of technology for capturing credit card information via smartphone cameras. No financial terms were disclosed. Card.io had been seeded by groups like Harrison Metal, SoftTech, K9 Ventures. www.card.io
Samsung has agreed to acquire the wireless unit of British chipmaker CSR PLC (LSE: CSR) for $310 million in cash. www.samsung.com
Steris Corp. (NYSE: STE) has agreed to acquire U.S. Endoscopy Group Inc., a Mentor, Ohio–based maker of gastrointestinal endoscopy devices, for $270 million in cash. www.usendoscopy.com
DreamWorks Animation is the lead bidder for Classic Media, owner of such characters as Casper the Friendly Ghost and the Lone Ranger, according to the NY Times. DreamWorks is offering $150 million for the company, which currently is owned by GTCR.
TiVo Inc. (Nasdaq: TIVO) has agreed to acquire New York-based advertising database and marketing platform TRA Inc. for around $20 million. TRA had raised over $30 million in VC funding from Kodiak Venture Partners, WPP, Arbitron and Intel Capital. www.tivo.com
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