M&A and IPOs

October 11, 2013, 7:04 PM UTC

Activision Blizzard (Nasdaq: ATVI) may now proceed with a deal to repurchase approximately 429 million shares from Vivendi (Paris: VIV) as part of a $8.17 billion separation transaction, after the Delaware Supreme Court lifted a lower court’s injunction. www.activision.com

Del Monte Foods has agreed to sell its canned foods business to Singapore-listed Del Monte Products Ltd. for $1.7 billion. Del Monte Foods was acquired in 2011 for $5.3 billion by KKR, Centerview Capital Partners and Vestar Capital Partners. www.delmontefoods.com

Airpush, a Los Angeles–based mobile ad platform, has acquired Hubbl, a New York-based provider of app discovery and personalization technologies, for $15 million, according to TechCrunch.www.airpush.com

The Dow Chemical Co. (NYSE: DOW) has agreed to sell its polypropylene licensing and catalysts business to W.R. Grace & Co. (NYSE: GRA) for $500 million. www.dow.com

Google (Nasdaq: GOOG) has agreed to invest $103 million into a utility-scale solar generation facility in Imperial County, Calif., which is being built by Silver Ridge Power (f.k.a. AES Solar). Silver Ridge sponsors include The AES Corp. (NYSE: AES) and Riverstone Holdingswww.srpcorp.com

NextMedia Group, a portfolio company of Angelo Gordon and Strategic Value Partners, has sold its 33 radio stations to an affiliate of Digity. No financial terms were disclosed. www.digity.me

Criteo, a Paris-based display advertising company, has set its IPO terms to 7.2 million American depository shares being offered at between $23 and $26 per share. It would have an initial market cap of around $1.3 billion, were it to price in the middle of its range. The company plans to trade on the Nasdaq under ticker symbol CRTO, with J.P. Morgan, Deutsche Bank Securities and Jefferies serving as lead underwriters. It reports a $6.4 million net loss on nearly $253 million in revenue for the first six months of 2013. Shareholders include Index Ventures (24.3% pre-IPO stake), Idinvest Partners (22.6%), Elaia Partners (13.5%), Bessemer Venture Partners (9.5%) and Softbank Capital.www.criteo.com

Stonegate Mortgage Corp., an Indianapolis-based residential mortgage company, raised approximately $114 million in its IPO. The company priced 7.1 million shares at $16 per share (below $20-$22 range), and will trade on the NYSE under ticker symbol SGM. BoA Merrill Lynch, Credit Suisse, Barclays and FBR served as lead underwriters. Long Ridge Equity Partners held a 47.4% pre-IPO stake. www.stonegatemtg.com

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