Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

M&A

October 29, 2012: 9:47 AM ET

KPS Capital Partners has agreed to sell North American Breweries Holdings to Cerveceria Costa Rica, a subsidiary of Florida Ice and Farm Co., for $388 million in cash. NAB brands include Magic Hat, Labatt, Genesee and Seagram's Escapes. www.florida.co.cr

Oshkosh Truck (NYSE: OSK) has rejected a $3 billion, or $32.50 per share, takeover offer from Carl Icahn. It also has adopted a poison pill provision to protect itself from future Icahn bids. www.oshkoshcorporation.com

Pearson PLC confirmed that it will merge its Penguin book publishing group with Random House, which currently is owned by Bertelsmann AG. Bertelsmann would hold a 53% stake in the merged company. Yesterday the Sunday Times reported that News Corp. was considering a direct bid for Penguin books.www.randomhouse.com

Petaquilla Minerals Ltd. (TSX: PTQ), a Canadian gold mining company, has rejected an improved C$130 million takeover offer from Inmet Mining Corp. (TSX: IMN). www.inmetmining.com

DHX Media Ltd. (TSX: DHX) has completed its previously-announced acquisition of Cookie Jar Entertainment, a Toronto-based producer of children's animated television programs, from shareholders like Birch Hill Equity PartnersChapman CapitalHeartland Advisors and OMERS Private Equity. The deal was valued at C$111 million, including 36 million DHX shares, C$5 million in cash and the assumption of C$66 million in debt. www.dhxmedia.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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