ArcelorMittal is looking to sell a minority stake in its Canadian iron ore business, according to Reuters. RBC Capital Markets and Goldman Sachs are managing the process. www.arcelormittal.com
Archer Daniels Midland (NYSE: ADM) has acquired a 10% stake in Australian grains handler GrainCorp.(ASX: GNC). www.admworld.com
CD Diagnostics Inc., a Wynnewood, Penn.-based developer of immunoassays to detect the causes of joint pain, has acquired an 80% stake in Citrano Medical Laboratories Inc., a Towson, Md.-based provider of clinical laboratory testing to physicians, clinics and long term care facilities. No financial terms were disclosed. CD Diagnostics has raised more than $5 million in VC funding from BioStar Ventures, Ben Franklin Technology Partners, Lankenau Institute For Medical Research and Vital Financial. www.cddiagnostics.com
OpCapita is considering a sale of British electronics retailer Comet, according to the Financial Times. OpCapita acquired the company earlier this year for just a couple of dollars. www.comet.co.uk
Zayo Group LLC, a Louisville, Colo.-based provider of bandwidth infrastructure and network neutral colocation services, has agreed to acquire First Telecom Services LLC, a provider of bandwidth infrastructure services in the Northeastern and Midwestern U.S. The deal is valued at $110 million. Zayo shareholders include Battery Ventures, Bridgescale Partners, Centennial Ventures, Charlesbank Capital Partners, Columbia Capital, M/C Partners, Morgan Stanley, North Sky Capital and Oak Investment Partners. First Telecom is owned by First Communication Inc., which is a portfolio company of The Gores Group and FirstEnergy Corp. (NYSE: FE). www.zayo.com
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