Term Sheet

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

Mergers & acquisitions

November 29, 2012: 10:22 AM ET

NCR Corp. (NYSE: NCR) has agreed to acquire Retalix Ltd. (Nasdaq: RTLX) for $30 per share (37% premium over Tuesday's closing price). The deal values Retalix at approximately $650 million.www.retalix.com

Siemens AG has agreed to buy the rail signaling business of Invensys (LSE: ISYS) for $2.9 billion.www.siemens.com

Vivendi SA has received four non-binding offers of more than €6 billion for Brazilian broadband unit GVT SA, according to Reuters. Bidders were: DirecTV, America Movil, Liberty Global and a group of undisclosed private equity firms. Vivendi had been hoping for €7 billion offers, but none have yet arrived.www.vivendi.com

Workshare, a British provider of enterprise collaboration applications, has acquired IdeaPlane, a UK-based enterprise social network for highly-regulated industries. No financial terms were disclosed. www.workshare.com

EQT Partners and GIC next week will begin a €4 billion sale process for German scientific publisherSpringer Science+Business Media, according to Reuters. The firms also are running a parallel process to take Springer public next spring.

Selecta Biosciences Inc., a Watertown, Mass.-based developer of synthetic vaccines and immunotherapies, has entered into a global collaboration with Sanofi (NYSE: SNY) to discover targeted antigen-specific immunotherapies for life-threatening allergies. Under terms of the deal, Selecta could receive up to $300 million in milestone payments, plus up to another $600 million in royalty payments. Selecta has raised over $75 million in VC funding from Rusano, OrbiMed Advisors, Polaris Venture Partners, Flagship Ventures, NanoDimension and Leukon Investments. www.selectabio.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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