Term Sheet

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

Mergers & acquisitions

April 25, 2013: 12:36 PM ET

Verizon Communications (NYSE: VZ) has hired advisors to prepare a possible $100 billion cash and stock bid for the 45% stake in Verizon Wireless that is currently held by Vodafone (LSE: VOD), according to Reuters. www.verizon.com

Arseus NV (Brussels: RCUS) has acquired Freedom Pharmaceuticals, a U.S. supplier of pharmaceutical raw materials, excipients, bases and capsules to U.S. compounding pharmacies. No financial terms were disclosed. www.arseus.com

Coca-Cola Enterprises Inc. (NYSE: CCE) said that it would not exercise its option to acquire Coca-Cola Co.'s (NYSE: KO) German bottling business. www.cokecce.com

Fusion-io Inc. (NYSE: FIO) has acquired NexGen Storage, a Louisville, Colo.-based developer of solid-state storage technologies. The deal was valued at around $119 million. NexGen Storage had raised around $10 million in VC funding from Grotech Ventures, Access Venture Partners and Next World Capital. Partners. www.nexgenstorage.com

Georgia-Pacific, an Atlanta-based subsidiary of Koch Industries, has agreed to acquire Buckeye Technologies Inc., a Memphis, Tenn.-based maker of specialty fibers and nonwoven materials made from wood and cotton. The deal is valued at approximately $1.5 billion (including debt), or $37.50 per share. www.gp.com

GlaxoSmithKline (NYSE: GSK) said that it is seeking a buyer for drink brands Lucozade andRibena, which could be worth more than $1.5 billion. www.glaxosmithkline.com

The Potash Corp. of Saskatchewan (TSX: POT) has abandoned its efforts to acquire Israeli fertilizer maker Israel Chemicals, in which Potash holds a 14% stake. www.potashcorp.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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