M&A and IPOs

• M&A and IPOs

  Telefónica is denying a Spanish newspaper report that it received a $93 billion takeover approach fronm AT&T. www.telefonica.com

  Elan Corp. (NYSE: ELN) has formally put itself up for sale, after having rejected multiple takeover attempts from Royalty Pharma. www.elan.com

  CIE Automotive SA (Madrid: CIEA) has agreed to acquire a majority stake in the auto parts manufacturing unit of India's Mahindra Group for approximately $116 million. www.cieautomotive.com

  Nyloncraft Inc., a Mishawaka, Ind.-based provider of plastic molding solutions, has acquired NYX Fort Wayne, a Fort Wayne, Ind.-based MORE

  Dan Primack - Jun 17, 2013 10:51 AM ET
  Posted in: IPO, M&A

• M&A and IPOs

  Gannett Co. Inc. (NYSE: GCI) has agreed to acquire television station owner and operator Belo Corp.(NYSE: BLC) for $13.75 per share in cash (28.1% premium to yesterday's closing price). The total deal is valued at around $2.2 billion, including the assumption of $715 million in existing Belo debt.www.belo.com

  Sobeys, a Canadian food and grocery retailer, has agreed to acquire Safeway's (NYSE: SWY) Canadian operations for C$5.8 billion in cash. www.safeway.com

  Software AG has agreed to acquire Apama, a UK–based MORE

  Dan Primack - Jun 13, 2013 10:00 AM ET
  Posted in: IPO, M&A

• M&A and IPOs

  Google (Nasdaq: GOOG) has officially acquired social mapping app-maker Waze for more than $1 billion. Earlier reports had Facebook also interested in acquiring the company. Israel-based Waze had raised over $65 million in VC funding from BlueRun Ventures, Magma Venture Partners, Vertex Venture Capital, Horizon Ventures and Kleiner Perkins Caufield & Byers.www.waze.com

  Apollo Tyres Ltd., a listed Indian tire-maker, has agreed to acquire Cooper Tire & Rubber Co.(NYSE: CTB) for approximately $2.5 billion, or $35 per MORE

  Dan Primack - Jun 12, 2013 10:11 AM ET
  Posted in: IPO, M&A

• M&A and IPOs

  Softbank has increased its takeover offer for Sprint Nextel Corp. (NYSE: S) to $21.6 billion, or around 17% more than its original proposal. Sprint also said that it has ended talks with DISH Network Corp. (Nasdaq: DISH), which it says has not put forth an acceptable formal offer to back up its announced $25.5 billion buyout interest. www.sprint.com

  B&G Foods Inc. (NYSE: BGS) has agreed to acquire natural snack-food maker Pirate Brands for approximately $195 million in cash. Sellers include VMG MORE

  Dan Primack - Jun 11, 2013 7:51 AM ET
  Posted in: IPO, M&A

• M&A and IPOs

  PepsiCo (NYSE: PEP) is denying an Israeli media report that it is in talks to acquire SodaStream International (Nasdaq: SODA), an Israel-based maker of machines that can use tap water to create carbonated drinks. The report suggested the deal could be worth upwards of $2 billion, or $95 per share. SodaStream shares closed trading yesterday at $69.35 per share. www.sodastream.com

  H.I.G. Capital has sold Anvis Group, a German provider of anti-vibration products, to Tokai Rubber Industries (Tokyo: 5191) for MORE

  Dan Primack - Jun 6, 2013 10:32 AM ET
  Posted in: IPO, M&A

• M&A and IPOs

  Flexpoint Ford has agreed to sell Financial Pacific Holding Corp., a Federal Way, Wash.–based provider of equipment lease financing to small businesses, to Umpqua Holdings Corp. (Nasdaq: UMPQ). No financial terms were disclosed for the deal, which is expected to close within the next 30 days. www.finpac.com

  General Electric, Rockwell Collins and Thales SA are among several parties interested in acquiringArinc Inc., an Annapolis, Md.- based aerospace and defense company that The Carlyle Group is planning to sell for between $1.2 billion MORE

  Dan Primack - Jun 5, 2013 10:00 AM ET
  Posted in: IPO, M&A

• The real reason behind Shuanghui's purchase of Smithfield

  It's not just a combination of property rights and market demand -- environmental factors are the impetus behind the deal.

  By Minxin Pei

  FORTUNE -- A week after the announcement that Shuanghui International, China's largest pork producer, has struck a deal to purchase Smithfield, the largest U.S. pork producer, for $7.1 billion (including debt), the development is still being digested. Many theories have been advanced to explain the deal -- which MORE

  Jun 4, 2013 10:42 AM ET
  Posted in: Agriculture, china, food, International trade, M&A, pork, Shuanghui International, Smithfield Foods

• M&A and IPOs

  Advent International and Bain Capital have canceled plans to sell the U.S. operations of WorldPay, a UK-based electronic payment processor, after failing to secure bids of between $800 million and $1 billion, according to Reuters. The two firms bought a majority stake in WorldPay for around £2 billion in 2010 from RBS (which retained a 19.9% minority stake).

  Altus Capital Partners has sold Thermafiber Inc., a Wabash, Ind.–based producer of mineral wool insulation products, to Owens Corning (NYSE: OC). MORE

  Dan Primack - Jun 3, 2013 10:36 AM ET
  Posted in: IPO, M&A

• Goldman Sachs: M&A and IPO activity should increase

  Goldman Sachs president says investor confidence has weighed on deal-making.

  FORTUNE -- Goldman Sachs believes that M&A and IPO volume is artificially low, driven down by soft investor confidence.

  In a presentation given yesterday at the Bernstein Strategic Decisions Conference, Goldman Sachs (GS) president Gary Cohn showed that global M&A volume in 2013 only represents around 4% of global market cap, compared to a 20-year average that approaches 7%.

  IPO volume came in at MORE

  Dan Primack - May 31, 2013 2:11 PM ET
  Posted in: Goldman Sachs, IPO, M&A