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

Trendingnow

1

After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings

2

China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat

3

Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education

1

After 40 investors rejected Jeff Bezos’ Amazon pitch, his parents offered $245,573 of their retirement savings

2

China now makes up a record 40% of all global container exports—and it’s a sign Trump’s tariffs meant to punish Chinese firms have fallen flat

3

Billionaire Nike cofounder Phil Knight gives $1 billion to his alma mater: ‘This is no time to abandon’ higher education

M&A and IPOs

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
September 11, 2013, 2:29 PM ET
Google source logo
Add Fortune on Google for similar content.

AT&T (NYSE: T) has paid $1.9 billion in cash to acquire 700 MHz spectrum from Verizon Wireless(NYSE: VZ). www.att.com

Abu Dhabi Investment Authority has acquired Tourism Asset Holdings Ltd., Australia’s largest hotel owner. No financial terms were disclosed for the deal. France-based Accor SA (Paris: AC) will continue to manage the 31 properties. www.tahl.com.au

FleetCor Technologies Inc. (NYSE: FLT) has acquired VB Servicos, a provider of transportation cards and vouchers in Brazil. It also has agreed to acquire DB Trans SA, a provider of payment solutions for independent truckers in Brazil. The two deals are valued at a total of around $300 million.www.fleetcor.com

Anchorage Capital Partners has hired Goldman Sachs and Macquarie Group to explore strategic options for Australian retailer Dick Smith Electronics, including a possible IPO, according to Reuters.www.dicksmith.com.au

Applied Optoelectronics Inc., a Sugar Land, Texas-based provider of fiber-optic networking product, has set its IPO terms to 3.6 million shares being offered at between $13 and $15 per share. It would have an initial market cap of approximately $177 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol AAOI, with Raymond James and Piper Jaffray serving as lead underwriters. Applied Optoelectronics reports a $1.3 million net loss on around $34 million in revenue for the first half of 2013. Shareholders include Technology Associates Management. www.ao-inc.com

Covisint Corp., a Detroit-based cloud engagement platform being spun out of Compuware (Nasdaq: CPWR), has set its IPO terms to 6.4 million shares being offered at between $9 and $11 per share. It would have an initial market cap of approximately $364 million, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol COVS, with Credit Suisse and Pacific Crest Securities serving as lead underwriters. The company reports a $5.6 million net loss on $90 million in revenue for the year ending March 31, 2013. www.covisint.com

Veeva Systems, a Pleasanton, Calif.-based provider of CRM and content management solutions for the biotech, pharma and animal health markets, has filed for a $150 million IPO. It plans to trade on the NYSE under ticker symbol VEEV, with Morgan Stanley and Deutsche Bank serving as lead underwriters. The company reports nearly $19 million in net income on $129.5 million in revenue for the year ending Jan. 31, 2013, compared to $4 million of net income on $61 million in revenue for the year-earlier period. Shareholders include Emergence Capital Partners (31.1% ownership stake). www.veeva.com

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

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

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
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
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 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.