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Mergers & acquisitions

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
January 14, 2013, 3:22 PM ET

Flowers Foods (NYSE: FLO) has agreed to acquire several bread brands from bankrupt Hostess Brands for $360 million. The deal would include Wonder Bread and Nature’s Own. In a related deal, Flowers would buy the Beefsteak brand of rye bread from Hostess for $30 million. www.flowersfoods.com

Citic Telecom (HK: 1883) has agreed to acquire a control stake in Companhia de Telecomunicações de Macau from Cable & Wireless Communications (LSE: CWC) and Portugal Telecom. The deal is valued at $1.2 billion, with Citic Telecom increasing its position from 20% to 99%. www.citictel.com

ConnectOne Bancorp Inc., an Englewood Cliffs, N.J.-based holding company for North Jersey Community Bank, has filed for a $57.5 million IPO. It plans to trade on the Nasdaq under ticker symbol CNOB, with Stifel Nicolaus Weisel serving as lead underwriter. www.njcb.com

General Motors CEO Dan Akerson today said that the company’s Opel unit is not for sale, following a French media report that PSA Peugeot Citroen had interest in purchasing the business. www.gm.com

Groupon (Nasdaq: GRPN) has acquired Glassmap, a Mountain View, Calif.-based provider of a location-aware app that helps users find deals and activities in their immediate vicinity. No financial terms were disclosed. www.glassmap.com

Harry Winston Diamond Corp. (TSX: HW) has agreed to sell its luxury brand diamond jewelry and timepiece division, Harry Winston Inc., to Swatch Group Ltd. (SWX: UHR). The deal is valued at US$1 billion, including the assumption of up to $250 million in debt. www.swatch.com

CVC Capital Partners and Royal Bank of Scotland have sold a combined $290 million stake in luggage maker Samsonite International (HK: 1910), according to Reuters. The deal would have been worth around HK$2.24 billion (US$289m), which represented a 4.9% discount to Friday’s closing price for Samsonite shares. CVC now holds a 9.7% stake, while RBS is down to 5.1%. www.samsonite.com

Viggle Inc. (Nasdaq: VGGL) is no longer acquiringe GetGlue, a social check-in company for television programs and other entertainment. The two companies had announced a merger back in November that was believed to be valued at approximately $85 million, including $25 million in cash. No word on what killed the deal. GetGlue had raised over $19 million in VC funding from Rho Ventures, Time Warner Investments, RRE Ventures and Union Square Ventures. www.getglue.com

Rocket Lawyer, a San Francisco-based legal lead generation startup that provides free legal information and forms to attract visitors, has acquired LawPivot, a Palo Alto, Calif.-based legal Q&A platform. No financial terms were disclosed, although TechCrunch reports it was an all-stock deal. Rocket Lawyer has raised around $38 million in VC funding from Google Ventures, Investor Growth Capital, LexisNexis and August Ventures. LawPivot had raised over $1.5 million from groups like Google Ventures, Quotidian Ventures, Venture51 and Sand Hill Angels. www.rocketlawyer.com

United Parcel Service (NYSE: UPS) said that it will withdraw its $6.9 billion takeover offer for listed Dutch delivery group TNT Express, following European regulatory concerns. UPS will pay a $267 million termination fee. www.tnt.com

Vix Logistica SA, a Brazilian logistics company, has abandoned plans for a 2013 IPO, according to Reuters. The company had planned to list in April, but changed its mind due to weak investor interest. Shareholders include Mantiq Investimentos. www.autoport.com.br

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