M&AOctober 30, 2012: 10:28 AM ET
Clean Harbors Inc. (NYSE: CLH) has agreed to acquire Safety-Kleen Inc., a Plano, Texas-based provider of oil collection, re-refining and recycling in North America, for $1.25 billion in cash. The deal is expected to close by year-end. Safety-Kleen had recently filed for a $400 million IPO, and reports $135 million in net income for 2011 on around $1.28 billion in revenue.
Shareholders include Highland Capital Management (39.3% stake), Contrarian Capital Management (18.3%), JPMorgan Partners (14.7%) and GSC Group (9.2%). www.safety-kleen.com
Bayer Healthcare has agreed to acquire Salt Lake City-based nutritional supplement maker SchiffNutrition International Inc. (NYSE: SHF) for approximately $1.2 billion, or $34 per share. TPG Capitalacquired around a 25% stake in Schiff two years ago. www.schiffnutrition.com
Warburg Pincus has hired Credit Suisse to find a buyer for its 70% stake in India-based Alliance Tire Group, according to local press reports. Warburg acquired the position in 2007 for $150 million.www.warburgpincus.com
Riverbed Technology (Nasdaq: RVBD) has agreed to acquire OpNet Technologies Inc. (Nasdaq: OPNT), a provider of network and application performance management solutions. The $43 per share deal values OpNet at approximately $921 million. www.riverbed.com
JDA Software (Nasdaq: JDAS), a Scottsdale, Ariz.-based enterprise software provider, has hired JPMorgan to find a buyer, according to Reuters. The company's market cap is approximately $1.5 billion, and the "sale process is at an advanced stage." www.jda.com
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