M&A Monday

Here are some potential M&A ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. For prior lists, see below.

Delta Petroleum Corp., the money-losing U.S. oil and gas producer whose largest shareholder is billionaire Kirk Kerkorian, rose 10 percent on takeover speculation, an analyst said. (Denver Post)

Aryx Therapeutics Inc. hired investment bank Cowen & Co. to advise it on strategic alternatives after a potential deal for a long-term licensing agreement fell through. (WSJ)

Sea Island Co., a resort owner and real estate developer based in Georgia has retained Goldman Sachs to explore strategic alternatives.

Sierra Geothermal Power Corp., a TSX-listed renewable energy company focused on the exploration and development of clean, sustainable geothermal power, based in Vancouver, British Columbia, appointed Michael Atkinson as an independent director and to a special committee of independent directors to consider and evaluate strategic alternatives.

Amex-traded Metropolitan Health Networks is under fire from a large shareholder. Nicusa Capital expressed its dissatisfaction with the board’s decision to fire the company’s CEO in a letter. The investor requested the company crease to explore strategic alternatives. Meanwhile, another large shareholder urged the company to find a buyer.

Terra Firma’s EMI will not sell Abbey Road Studios after receiving public outcry at the concept. The company is instead looking at a partnership that would “retain and revitalize” the studios. The partnership would likely include investment from an outside party.

Devon Energy, an independent oil and gas producer, is seeking buyers for its Gulf of Mexico and overseas oil assets to reduce its debt burden. Two of China’s largest oil producers have expressed interest in the assets. (China.org)

Bankrupt Signature Aluminum Canada Inc., based in Richmond Hill, is seeking buyers for its three aluminum production plants.

London Town, a bankrupt bar operator based in the UK, is seeking buyers for 44 of the group’s leased pubs.

MGM‘s library has six potential bidders in its second round. The initial round drew six IOIs. (Times online)

Morgan Stanley is nearing a deal to sell its stake in China International Capital Corp to Kohlberg Kravis Roberts & Co and TPG Capital for more than $1 billion, The Wall Street Journal reported. (Reuters)

Siemens isn’t happy with the bids it has received for its hearing aid business and is threatening to pull the auction. Bidders include Bain, Cinven, Permira, Nordic Capital, KKR, Hellman & Friedman, and strategic buyers. (Reuters)

See All Prior Lists Here