Allstate Corp. (NYSE: ALL) has agreed to sell life insurer Lincoln Benefit Life Co. to Resolution Life Holdings. The deal is valued at $600 million. www.allstate.com
Johnson Controls (NYSE: JCI) said that it would sell HomeLink, a system that allows drivers to automatically activate home electronics like garage door openers, security systems and lights, toGentex Corp. (Nasdaq: GNTX) for approximately $700 million. www.johnsoncontrols.com
Nelson Peltz said yesterday that he wants PepsiCo (NYSE: PEP) to merge with Mondelez International (Nasdaq: MDLZ) and then spin off its beverage unit. Peltz’s hedge fund Trian Fund Management has amassed a combined $2.7 billion position in the two companies.www.mondelezinternational.com
Goldner Hawn Johnson Morrison has hired Robert W. Baird to find a buyer or men’s dress shoe maker Allen Edmonds, according to Reuters. A deal could value the Port Washington, Wis.-based company at between $150 million and $200 million. www.allenedmonds.com
OncoMed Pharmaceuticals Inc., OncoMed Pharmaceuticals Inc., a Redwood City, Calif.-based developer of monoclonal antibody therapeutics targeting cancer stem cells, raised $82 million in its IPO. The company priced 4.8 million shares at $17 per share (above $14-$16 range), for an initial market cap of approximately $460 million. It will trade on the Nasdaq under ticker symbol OMED, while Jefferies and Leerink Swann served as co-lead underwriters. Shareholders include U.S. Venture Partners (17.28% pre-IPO stake), Latterell Venture Partners (12.19%), GlaxoSmithKline (11.74%), The Vertical Group (11.22%), Morgenthaler Ventures (10.98%), Phase4 Ventures (9.3%), Delphi Ventures (6.97%) and Adams Street Partners (5.56%).www.oncomed.com
UCP LLC, a homebuilder and land developer focused on the U.S. West Coast, raised $116 million in its IPO. The company priced 7.75 million shares at $15 per share (low end of $15-$17 range), and will trade on the NYSE under ticker symbol UCP. Citigroup, Deutsche Bank Securities and Zelman Partners served as lead underwriters. The company reports $58 million in 2012 sales, which is around 2x the 2011 figure. The company is being spun off by PICO Holdings (Nasdaq: PICO).www.picoholdings.com
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