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1

Trump, who has repeatedly called climate change fake, is now threatening Brazil with tariffs over the deforestation of the Amazon

2

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Current price of oil as of June 8, 2026

M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
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May 24, 2013, 2:01 PM ET

Campbell Soup Co. (NYSE: CPB) has agreed to acquire Plum Organics, a New York–based maker of organic baby and children’s food products, from Catamount Ventures, Catterton Partners and Alliance Consumer Growth. No financial terms were disclosed. www.plumorganics.com

Bankia of Spain is nearing a deal to sell City National Bank of Florida for around $900 million to Chile’s Banco de Credito e Inversiones, according to Reuters. www.bankia.com

Elan PLC (NYSE: ELN) has rejected a $6.4 billion takeover bid from Royalty Pharma. www.elan.com

Constellium, a Paris-based maker of aluminum products and components, raised $333 million in its IPO. The company priced 22.2 million Class A shares at $15 per share (below $17-$19 range), with around 40% coming from selling shareholders. The company plans to trade on the NYSE and Euronext Paris under ticker symbol CSTM, while Goldman Sachs, Deutsche Bank and J.P. Morgan served as lead underwriters. Constellium reports $134 million in profit on around $3.6 billion in revenue for 2012. Shareholders include Apollo Global Management and Fonds Stratégique d’Investissement.www.constellium.com

Aratana Therapeutics Inc., a Kansas City-based developer of medicines for companion animals, has set its IPO terms to 4.25 million shares being offered at between $11 and $13 per share. It plans to trade on the Nasdaq under ticker symbol PETX, with Stifel and Lazard serving as lead underwriters. The pre-revenue company has raised over $30 million in VC funding. Shareholders include MPM Ventures (24.97% pre-IPO stake), Avalon Ventures (23.78%), Cultivian Ventures (8.62%) and RaQualia Pharma Inc. (11.43%). www.aratanatherapeutics.com

GDC Technology Ltd., a Hong Kong-based provider of digital cinema software solutions, has filed for a $75 million IPO. It plans to trade on the Nasdaq under ticker symbol GDCT, with Barclays, Jefferies and Piper Jaffray serving as co-lead underwriters. The company reports $116 million in 2012 revenue, compared to $90 million in 2011. The Carlyle Group holds a 48.8% pre-IPO stake. www.gdc-tech.com

Light in the Box, a China-based ecommerce company focused on lifestyle products, has set its IPO terms to 8.3 million American depository shares being offered at between $8.50 and $10.50 per share. It plans to trade on the NYSE under ticker symbol LITB, with Credit Suisse and Stifel serving as lead underwriters. The company reports around a $4 million net loss on $200 million in revenue for 2012, compared to a $24.5 million net loss on $116 million in revenue for 2011. Shareholders include Ceyuan Ventures (26.4% pre-IPO stake), GSR Ventures (20.6%), TrustBridge Partners (6.8%), Focus China Holdings (6.8%). www.lightinthebox.com

Luxoft Holdings, a Swiss provider of software development services and IT solutions that is being spun off by Russia’s IBS Group, has filed for an $80 million IPO. It plans to trade on the NYSE under ticker symbol LXFT, with UBS, Credit Suisse and JPMorgan serving as lead underwriters. The company reports $37 million of net income on around $315 million in revenue for the year ending March 31, 2013. www.luxoft.com

Tremor Video, a New York-based online video advertising network, has filed for an $86.25 million IPO. It plans to trade on the NYSE under ticker symbol TRMR, with Credit Suisse and Jefferies serving as lead underwriters. The company reports a $16 million net loss on around $105 million in revenue for 2012, compared to a $21 million net loss on $90 million in revenue for 2011. Temor Video has raised nearly $80 million in VC funding, from firms like Canaan Partners (19.3% pre-IPO stake), W Capital Partners (10.8%), Masthead Venture Partners (10.6%), Meritech Capital Partners (9.5%), Draper Fisher Jurvetson (9%) and General Catalyst Partners (8.1%). www.tremorvideo.com

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