• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

M&A and IPOs

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
July 22, 2013, 3:38 PM ET

Extended Stay America, a Charlotte-based budget hotel chain, has filed for a $100 million IPO (likely a placeholder figure). The offering would pair one share of common stock in Extended Stay with one share of Class B common stock of a related REIT called ESH Hospitality. It plans to trade on the NYSE with Deutsche Bank Securities serving as lead underwriter. The company was acquired for $3.9 billion via a 2010 bankruptcy auction, by an investor group consisting of The Blackstone Group, Centerbridge Partners and Paulson & Co.www.extendedstay.com

Allbritton Communications Co. is expecting bids today for a portfolio of eight local television stations, in an auction expected to generate upwards of $1 billion, according to WSJ. Suitors include Hearst Corp., Meredith Corp., Tribune Co., Nexstar Broadcasting Group and Sinclair Broadcasting Group. www.albritton.com

Google has agreed to acquire a 6.3% stake in Himax Display, a subsidiary of Himax Technologies (Nasdaq: HIMX) that makes components used in such products as Google Glass, according to Reuters. www.google.com

Hutchison Whampoa, a listed Hong Kong conglomerate owned by Li Ka-shing, is considering a sale of its ParknShop supermarket chain in Hong Kong. www.hutchison-whampoa.com

Spartan Stores
 (Nasdaq: SPTN) has agreed to merge with fellow U.S. food distributor Nash Finch Co. (Nasdaq: NAFC) in an all-stock deal valued at $1.3 billion. Spartan shareholders would own nearly 58% of the combined company, with Nash Finch stockholders receiving 1.2 shares of Spartan Stores common stock for each of their own Nash Finch shares. www.spartanstores.com

Dropbox has acquired Endorse, a San Mateo, Calif.-based maker of a mobile app that rewarded consumer brand loyalty. No financial terms were disclosed. Endorse had shut down its app in late June, and had raised around $4.25 million in VC funding from Accel Partners and SV Angel.www.dropbox.com

Grohe AG
, a German bathroom equipment maker, has received four “exploratory” takeover offers from European rivals, according to Reuters. The company’s private equity sponsors – TPG Capital, Credit Suisse Private Equity and HarbourVest Partners – also are considering a possible flotation for Grohe, which could be valued at upwards of €4 billion. www.grohe-group.com

GTCR has hired Goldman Sachs and JPMorgan Chase to run a sale process for Six3 Systems Inc., a McLean, Va.–based provider of intelligence surveillance and reconnaissance solutions to the national security market, according to Reuters. The deal could be valued at upwards of $1 billion.www.six3systems.com

Althon Energy Inc., a Fort Worth, Texas-based oil and gas company focused on the Permian Basin, has set its IPO terms to nearly 15.79 million shares being offered at between $18 and $20 per share. It plans to trade on the NYSE under ticker symbol ATHL, with Citigroup serving as lead underwriter. The company reports $53 million of net income on $157 million in revenue for 2012. It is controlled byApollo Global Management. www.althonenergy.com

Control4 Corp., a Salt Lake City-based provider of automation and control solutions for the connected home, has set its IPO terms to 4 million shares being offered at between $15 and $17 per share. It would have an initial market cap of approximately $354 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol CTRL, with BoA Merrill Lynch and Raymond James serving as co-lead underwriters. Control4 reports a $3.7 million net loss on $109.5 million in revenue for 2012. It 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

Sprouts Farmers Market, a Phoenix–based organic grocer owned by Apollo Global Management, has set its IPO terms to 18.5 million shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $2.15 billion, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol SFM, with Goldman Sachs and Credit Suisse serving as co-lead underwriters. www.sprouts.com

Sign up for our daily email newsletter on deals and deal-makers: GetTermSheet.com

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

dario
AIWhite House
White House chief of staff to meet with Anthropic CEO about dangerous new Mythos model, official says
By Josh Boak, Matt O'Brien and The Associated PressApril 17, 2026
2 hours ago
broker
EnergyMarkets
Oil is back to early war days, S&P 500 jumps to all-time high
By Stan Choe and The Associated PressApril 17, 2026
2 hours ago
Photo of Donald Trump (left) and Pete Hegseth (right)
Economynational debt
Something is different about Trump’s $1 trillion war on Iran and its stress on the national debt, Harvard Kennedy scholar says
By Sasha RogelbergApril 17, 2026
3 hours ago
Huel Shake Review (2026): Expert Approved
HealthDietary Supplements
Huel Shake Review (2026): Expert Approved
By Emily PharesApril 17, 2026
3 hours ago
Half of Iran’s workforce faces unemployment risk as the U.S.-Israel war’s ‘hidden target’ was the labor market, economist says
EconomyIran
Half of Iran’s workforce faces unemployment risk as the U.S.-Israel war’s ‘hidden target’ was the labor market, economist says
By Jason MaApril 17, 2026
3 hours ago
Exclusive: Adam Silver on winning the Edison Achievement Award: ‘Sports remind us that some of the most important forms of innovation are human’
Arts & EntertainmentSports
Exclusive: Adam Silver on winning the Edison Achievement Award: ‘Sports remind us that some of the most important forms of innovation are human’
By Catherina GioinoApril 17, 2026
4 hours ago

Most Popular

Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaire
Success
Pope Leo warned the world is in ‘big trouble’ if Elon Musk becomes the first trillionaire
By Preston ForeApril 17, 2026
13 hours ago
A world going broke: IMF says America's $39 trillion national debt is actually a global problem—and AI may be the only rescue
Economy
A world going broke: IMF says America's $39 trillion national debt is actually a global problem—and AI may be the only rescue
By Nick LichtenbergApril 16, 2026
1 day ago
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
Environment
Jeff Bezos pledged $10 billion for climate change. With the 2030 clock ticking, his wife, Lauren Sánchez Bezos, is leading the charge to spend it
By Sydney LakeApril 15, 2026
2 days ago
MacKenzie Scott is bypassing the Ivy League and rewriting the $79 billion higher ed playbook by giving to HBCUs and community colleges
Politics
MacKenzie Scott is bypassing the Ivy League and rewriting the $79 billion higher ed playbook by giving to HBCUs and community colleges
By Sydney LakeApril 16, 2026
1 day ago
Germany already told its workers to ditch four-day weeks and work-life balance. Now the government wants to cut their pay for calling in sick, too
Success
Germany already told its workers to ditch four-day weeks and work-life balance. Now the government wants to cut their pay for calling in sick, too
By Orianna Rosa RoyleApril 16, 2026
2 days ago
NYC Mayor Zohran Mamdani points at Ken Griffin's $238 million penthouse on tax day: 'Today we're taxing the rich'
Personal Finance
NYC Mayor Zohran Mamdani points at Ken Griffin's $238 million penthouse on tax day: 'Today we're taxing the rich'
By Catherina GioinoApril 16, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.