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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

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Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

3

Jamie Dimon said the American Dream was slipping away. JPMorgan just put $40 million on the table to fix it

M&A and IPOs

By
Dan Primack
Dan Primack
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By
Dan Primack
Dan Primack
Down Arrow Button Icon
July 2, 2013, 3:06 PM ET

AMF Bowling Worldwide Inc. and Stike Holdings (a.k.a. Bowlmor) have completed their previously-announced merger, which creates the world’s largest operator of bowling centers. The new company will be jointly owned by Bowlmor and certain of AMF’s second-lien lenders (including an affiliate of Cerberus Capital Management and Credit Suisse). AMF filed for Chapter 11 bankruptcy protection in May. www.amf.com

Brambles Ltd.
 (ASX: BXB), an Australian reusable pellet supplier, announced plans to spin off it’s $2 billion data management unit via a flotation on the Australian Securities Exchange. www.brambles.com

Mitsubishi UFJ Financial Group
 (Tokyo: 8306) has agreed to acquire a control stake in Thailand-based Bank of Ayudhya for approximately $5.6 billion. www.mufg.jp

Pearson P
LC has completed the merger of its Penguin book publishing group with Random House, which was owned by Bertelsmann AG (which now holds a 53% stake in the combined company).www.randomhouse.com

Yahoo (Nasdaq: YHOO) has acquired Bignoggins Productions, a one-person startup that develops fantasy sports apps for the iPhone. No financial terms were disclosed. www.yahoo.com

Anacacia Capital has sold Australia-based baby food maker Rafferty’s Garden to PZ Cussons PLC(LSE: PZC) for £42.2 million. Anacacia had previously tried to sell Rafferty’s to blocked H.J.Heinz Co., but the deal was blocked by Australian regulators. www.raffertysgarden.com

Outerwall (f.k.a. Coinstar) has agreed to acquire EcoATM, a San Diego-based network of kiosks that allow users to trade in old mobile devices for cash, in-store credit or gift cards, for $350 million in cash (minus the 23% equity stake Outerwall already holds in the company). EcoATM had raised around $31 million in VC funding, from like Outerwall, PI Holdings, Moore Venture Partners, AKS Capital and Singapore billionaire Koh Boon Hwee. It also had secured around $40 million in venture debt.www.ecoatm.com

Levine Leichtman Capital Partners has exited its investment in Huntsville, Ala.-based Sequel Youth and Family Services LLC via a recapitalization, which includes $66 million in equity funding from Alaris Royalty Corp. (TSX: AD).  www.sequelyouthservices.com

Roche Holding has acquired Constitution Medical Investors Inc., a Boston–based developer of hematology testing systems, from Warburg Pincus. The deal includes a $220 million up-front payment, plus the possibility of earnouts. www.conmedinvestors.com

Silver Lake has agreed to sell Smart Storage Systems, a Newark, Calif.-based provider of enterprise solid state drive products and technology, to SanDisk Corp. (Nasdaq: SNDK) for approximately $307 million in cash. There also are unspecified equity-related incentives. www.smartstoragesystems.com

Control4 Corp., a Salt Lake City-based provider of automation and control solutions for the connected home, has filed for a $60 million IPO. It plans to trade on the Nasdaq under ticker symbol CTRL, with BoA Merrill Lynch and Raymond James serving as co-lead underwriters. The company reports a $3.7 million net loss on $109.5 million in revenue for 2012. Control4 has raised nearly $80 million in VC funding, from Foundation Capital (28.5% pre-IPO stake), Thomas Weisel Venture Partners (16.4%), Signal Peak Ventures (12.7%), Frazier Technology Ventures (12.3%) and Cisco Systems (10.8%).www.control4.com

Emcure Pharmaceuticals Ltd., a Pune, India-based drug company backed by The Blackstone Group, has filed for a $102 million IPO in India. www.emcure.co.in

Marrone Bio Innovations, a Davis, Calif.-based maker of bio-based pest management and plant health products, has filed for a $60 million IPO. It plans to trade on the Nasdaq under ticker symbol MBII, with Jefferies and Piper Jaffray serving as lead underwriters. The company reports a $39 million net loss on around $7 million in revenue for its fiscal 2012. Shareholders include The Contrarian Group, Mitsui & Co., One Earth Capital, Saffron Hill Ventures, Stuart Mill Venture Partners, Clean Pacific Ventures and Syngenta Ventures. www.marroneorganicinnovations.com

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