Term Sheet

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

Mergers & acquisitions

November 21, 2012: 10:21 AM ET

Gemfields PLC (AIM: GEM) has agreed to acquire luxury jeweler Fabergé Ltd. from the investment company of Brian Gilbertson (BHP Billiton) for $142 million. www.gemfields.co.uk

News Corp. (Nasdaq: NWSA) has expressed interest in acquiring the Simon & Schuster book publishing unit of CBS Corp. (NYSE: CBS), according to the WSJ. News Corp. always owns HarperCollins Publishers.

Nestle SA has been blocked by Mexican regulators from acquiring Pfizer's infant nutrition unit in Mexico, which would be part of a broader $11.9 billion acquisition of Pfizer's global infant nutrition unit.www.nestle.com

Reckitt Benckiser Group (LSE: RB) is set to win the auction for Salt Lake City-based nutritional supplement maker Schiff Nutrition International Inc. (NYSE: SHF), after rival Bayer Healthcare said it is dropping out. Reckitt's most recent offer was for $1.4 billion, or $42 per share – a bid that represented a 23.5% premium to Bayer's final offer. www.schiffnutrition.com

Roamware Inc., a Cupertino, Calif.-based provider of mobile operator service solutions, has acquiredUnify Group Holdings, a mobile virtual network enabler. No financial terms were disclosed. Roamware has raised VC funding from DCM, Shelter Capital Partners and T-Mobile. www.roamware.com

NextMedia Group Inc. has completed the sale of its outdoor advertising unit to Lamar Advertising Co. for $145 million. Englewood, Colo.-based NextMedia is owned by Angelo, Gordon & Co. and Strategic Value Partnerswww.nextmediagroup.net

Veolia Environnement (Paris: VIE) has sold its U.S. solid waste services business to ADS Waste Holdings for approximately $1.91 billion. www.veolia.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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