Royal Alliance Mergers & Acquisitions

 

Gordon Macalister

Vice President – Global Equity Analyst

August 23, 2011

Mergers & Acquisitions

India’s Aventis Pharma, a unit of French drug maker Sanofi, is close to buying the over-the-counter business of Universal Medicare for about $109.5 million. A deal which covers about 30 brands sold by unlisted India-based Universal Medicare is expected to be signed in a day or two and would boost the French company’s over-the-counter business in India.

Kinetic Concepts Inc. a maker of medical devices used in wound care, may not favour a higher offer by Avista Capital Partner LLC’s ConvaTec Inc., as the proposal lacks committed financing.

Sberbank, Russia’s largest bank is looking at potential takeover targets in central and eastern Europe, including some in Poland considering Kredyt Bank a subsidiary of Belgium’s KBC Group and Millennium Which is mainly owned by Potugal’s largest private lender, Banco Commercial Portugues.

Indian low-fare airline SpiceJet has stated the compnay is not in discussions with private equity firm TPG Capital for a minority stake sale.

Lockheed Martin will acquire health care company IT company QTC Holdings Inc. Lockheed has stated that QTC provides outsourced medical evaluation services to the U.S. government and Department of Veteran Affairs. Lockheed expects to complete the acquisition before the end of 2011.

Manufacturing conglomerate Honeywell International Inc. has successfully completed the tender offer for EMS Technologies at $33 a share.

Genesis Group Holdings Inc., which operates through its wholly owned subsidiaries, including Digital Comm,  Inc. has announced that it has reached an agreement to acquire Tropical Communications Inc. a Miami Fla. based company.

TransAct Technologies Incorporated a global leader in market specific printers for transactions based industries has completed its previously announced acquisitions of substantially all of the assets of Printrex Inc., a leading manufacturer of high performance specialty printers primarily sold into the oil and gas exploration market.

Printrex has become a worldwide leader in printers for the oil and gas exploration and drilling industry. Printrex also manufacturers and markets printers for other demanding applications that include the medical industry and rugged mobile truck mounted printers.

Micro Focus has ended talks for a takeover of the company offer bids for the UK IT business fell short of expectations. The company will resume a share buy-back programme.

Electrolux will commence a cash tender offer to acquire 100% of the outstanding shares in CTI a Chilean appliance maker at a price of 34.87 Chilean Pesos per share with Sigdo Koppers and certain associated parties committed to tender their 64% stake.

Health insurer Wellpoint Inc. has completed its previously announced acquisition of Medicare Advantage plan provider CareMore Health Group.

South Korean trading firm Samsung C&T is considering taking over independent U.S. oil firm Parallel Petroleum which might be worth as much as $1 billion.

Canada’s Endeavour Mining Corp., has agreed to buy Australia’s Adamus Resources in a deal valued at about C $313.4 million, to create a West Africa focused gold producer.